RETENTION POLICY Keeping stiff competition, rapid technology development and customers’ demands in view, we have to retain right type of employees to give efficient service and improve productivity and quality. Unless company plans Retention Programmes, it is very difficult in retaining the good personnel and running the business. It is hightime to plan correct Retention Plans, which are applicable to XXXXX YYY and ZZZ Following are some of the Retention Plans to keep our employees enjoy working: JOB RELATED 1. Career Planning 2. Succession Planning 3. Job Enrichment 4. Gradation for each Designations 5. Open Appraisal System 6. Delegation of power 7. Reward Schemes 8. Identifying the Star Performer 9. Fringe Benefits as per Grades 10. Confidence Building WELFARE MEASURES 1) Annual Meet by all employees and family members 2) Picnic 3) Medical Care 4) Superannuation Scheme 5) Uniforms 6) Canteen 7) Club 8) Magazines sDirector may start planning on above schemes whichever he approves. HR Manager will give broad outlines on above schemes. Definitely these will be strong motivational factors that directly or indirectly help in enhancing productivity and quality and thus zero defects and minimum re-work and customer’s complaint.
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