MBA final project Employeee retention..pptx

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1. Presentation on “A Study Of Employee Retention: Adisoy Foods & Beverages Private” Submitted To:- Dr . Nitika Verma Management Dept. Mata Gujri College Submitted By:- Amanjot Kaur 223609 MBA-II

2. Contents Company Profile Introduction Of Employee Retention The 3 R’s to Retaining Great Employees Why Employee retention is important? How to Retain the employee? Benefits of Employee retention. Strategies to improve the employee retention

3. Company profile Adisoy Foods & Beverages Private Limited is a 11 years 1 month old Private Company incorporated on 09 May 2011. Its registered office is in Ludhiana, Punjab, India. The Company's status is Active, and it has filed its Annual Returns and Financial Statements up to 31 Mar 2021 (FY 2020-2021). It's a company limited by shares having an authorized capital of Rs 0.40 cr and a paid-up capital of Rs 0.25 cr as per MCA. 2 Directors are associated with the organization. Varinder Singh Bhatti and Jagminder Kaur are presently associated as directors. ADISOY FOODS & BEVERAGES PRIVATE LIMITED Corporate Identification Number is U15490PB2011PTC035043 and its registration number is 035043. Its Email address is [email protected] and its registered address is where Company is actual registered: VILLAGE JOGIMAJRA, POST OFFICE MALAUDTEHSIL PAYAL, Ludhiana, INDIA, 141119. For any Query You can reach this company by email address or Postal address.   Brand, today is a name to reckon with in the states of Punjab, Himachal Pradesh, Chandigarh & Haryana for its unique quality and freshness of dairy products. Our strength is in good work environment, skilled work force and highly technical & experienced staff. Our professional provides assistance to our customers and the sales team has created a leading place in the market.

4. Employee Retention Employee Retention is defined as an organization’s ability to retain its employees. It can also be called as a process, in which the resources are motivated and encouraged to stay in an organization for a longer period of time for the sustainability of the organization. The ultimate aim of Employee Retention is to make both the stakeholders, i.e., employees and employer happier. It facilitates loyal employees sticking to the company for a longer duration, which in turn will benefit both the stakeholders. Employee retention is not just a matter that can be dealt with records and reports. It purely depends upon how the employers understand the various concerns of the employees and how they help them resolve their problem, when they are in need. Every organization spends time and invests money in grooming new employees and makes them corporate-ready. The organization will be in complete loss, if such employees quit after they are fully trained.

5. Employee Retention

6. The 3 R’s to Retaining Great Employees Respect Recognition Rewards

7. Why Employee Retention Is Important Grievance Management- Keep the company culture transparent and cool. Employees should feel free and confident about the organization to perform best.  Align Goals- Align the company goal with the employee career growth. Recognize and let the employee keep his good performance reviews with him forever so that he can build his own brand.  Healthy Culture -Performance evaluations should not be just at the time of appraisals but, for the growth of an employee. Employee Motivation- Rewards and Recognition are two things that every person strives for, encash it !! Recognize and appreciate every achievement in the organization to make them feel appropriate.

8. how to retain Employees? Communicate Expectations Clearly Allow Employees to use their skills and Talents. Provide a Platform for employees to speak their minds freely. Make Staff members feel appreciated. Provide Quality Management or Supervision. Offer Competitive Packages

9. Benefits Of Employee retention

10. What are the Benefits of Employee Retention? Companies and managers that can retain their talent will profit from numerous benefits. Here are the top ten benefits of employee retention: Reduction in Hiring Costs Develop a Highly Skilled Workforce Fewer Employment Gaps Improvement in Morale Increased Productivity Positive Workplace Culture Increased Revenue Improved Employee Engagement and Satisfaction Better Brand Reputation Strong Employee Loyalty

11. Strategies to Improve Employee Retention Considering the above keys to employee retention. Here are the top five retention strategies to improve employee retention : Provide Perks, Rewards and Recognition Offer Learning and Up skilling Opportunities Emphasize Teamwork Offer Workplace Flexibility Listen to Employee Feedback