Scribd
Upload
58 views

1.1 Why To Retain:: Yes Retaine D Profi T No

Recruiting and training new employees is costly, so retaining existing employees saves money and maintains productivity and assets. Retaining top performers in particular keeps costs low and profits high, as 20% of employees typically generate 80% of profits. The objective of an employee retention strategy is to provide employers tools to build committed, healthy workforces through inclusive and flexible workplaces.

Uploaded by

Om Prakash
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
58 views

1.1 Why To Retain:: Yes Retaine D Profi T No

Recruiting and training new employees is costly, so retaining existing employees saves money and maintains productivity and assets. Retaining top performers in particular keeps costs low and profits high, as 20% of employees typically generate 80% of profits. The objective of an employee retention strategy is to provide employers tools to build committed, healthy workforces through inclusive and flexible workplaces.

Uploaded by

Om Prakash
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
You are on page 1/ 1

1.

INTRODUCTION
1.1

WHY TO RETAIN:

Recruitment of an employee is itself a costly affair, moreover leaving of a


employee means losing an asset, loss of time and money in many folds as
experienced one leave and cost of post unfilled, recruiting new one and
finally train him to align with the organization goals.
RETAINE
D

Yes
PROFI
T

No
COST OF RECRUITING NEW
EMPLOYEE, TRANING &
DEVELOPMENT COST
Employee retention is important for building a productive, healthy and
committed workforce. Retention practices help save costs associated with
recruitment, business productivity or poor customer service. The objective of
the Employee Retention Strategy is to increase the awareness, tools and
information available to employers to assist them in employee retention.
These objectives will all contribute to building more inclusive and flexible
workplaces.
Before retaining the top performer, hiring the right talent is at the first place.
Here also 80/20 rule can be applied i.e. 80% profit comes from 20% performers.

Retaini
ng

Profits

You might also like