Employee Engagement and Retention
Retention of employees begins even before they join an organisation. As employees usually stick with a company for ~2 years, hence they have to make a combination of cognitive and emotional decisions before joining a company. Organisations face ‘Offer letter Renege’ at the last moment, thereby loosing a potential employee and loosing further time and money in searching for a replacement. Once the employee joins the Organisation, then Retention is a day-to-day affair. Though, its not explicitly expressed or acted on, but for the HR and the business, Retention of employees, especially high performance and potential ones, becomes imperative. Many companies assert to predict Attrition but lack in an holistic understanding of the forces impacting an employee. Rather they analyse a few transactional data to forecast based on previous trends. Though this method lacks accuracy, still it does not help to stem the outflow. At Peoplecube, we look at all Attributes which impact an Employee. Right from Career growth, Work-life balance, Team support, Manager, Senior Management, Customer and Industry. All these attributes one way or the other indicate how an Employee is Engaged at the workplace. With better engagement there is : -
50% less attrition 87% want to stay longer in their organisation