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Employee Retention Technique OF Technology PVT LTD: Presented By: Mala Singh A30101909082

This document summarizes a study on employee retention techniques at Technology Pvt Ltd, a UK-based internet company. It outlines the company and industry profiles, defines key aspects of employee retention like compensation and growth. The document analyzes retention strategies used by the company like referrals, awards, and career development. It also identifies weaknesses like lack of planning and opportunities like affiliate marketing. In conclusions, it recommends improving compensation, providing regular feedback, and creating an engaging culture.

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mala singh
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112 views16 pages

Employee Retention Technique OF Technology PVT LTD: Presented By: Mala Singh A30101909082

This document summarizes a study on employee retention techniques at Technology Pvt Ltd, a UK-based internet company. It outlines the company and industry profiles, defines key aspects of employee retention like compensation and growth. The document analyzes retention strategies used by the company like referrals, awards, and career development. It also identifies weaknesses like lack of planning and opportunities like affiliate marketing. In conclusions, it recommends improving compensation, providing regular feedback, and creating an engaging culture.

Uploaded by

mala singh
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
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EMPLOYEE RETENTION TECHNIQUE

OF
TECHNOLOGY PVT LTD
 

Presented by:
Mala Singh
A30101909082
CONTENT
OBJECTIVES OF THE STUDY

INDUSTRY PROFILE

COMPANY PROFILE

ABOUT EMPLOYEE RETENTION

SWOT ANALYSIS

INTERPRETATION

RECOMMENDATIONS
OBJECTIVE OF THE
 MAIN OBJECTIVE OF STUDY
STUDY
To study the retention technique employed by the company
To know about employees attitude toward company’s policy

OTHER OBJECTIVE

To get practical knowledge of recruitment


To know about online marketing
INDUSTRY PROFILE

This
 is a very vast and booming industry

GDP
 contribution is 1.5% for the FY2008

.006million
 employment in 2008, expected to rise by 2010

The
 internet industry has market share of USD 350 billion.

It
 is also providing a boon to many small and medium enterprises
STRUCTURE OF THE INDUSTRY
TOP GLOBAL
COMPANIES
COMPANY PROFILE
It
was incorporated in the year 2001, internet business started in
November 2003.

Itis a UK based online company with a annual revenue of US$


5.4million

At present 85% of the technologies and the software applications


being developed are for the old existing clients. The share of new
clients is set to rapidly increase.

The main target is UK based customers


ABOUT EMPLOYEE RETENTION

Retention
•Compensation
•Growth
•Support
•Relationship
•Environment

Importance of retention
•Costof turnover
•Losscompany knowledge
•Goodwill of the company
•Regaining efficiency

Reasons for employee leave

Retention strategies
ATTRITION RATE IN ASIA

In Asia, organization faced an overall attrition rate of 16% in


2005.Attrition rate was 14% in 2004 and 10% in 2003.

Hewitt’s Attrition and Retention Study Asia Pacific 2006.


RETENTION TECHNIQUE
EMPLOYED BY COMPANY
• Employee referral program me

• Performance appraisal

• Awards and recognition

• Career development and internal job posting

• Rocking Friday

• Team hurdles

• Open door management policy incentives


OTHER LEARNING DURING
PROJECT
Handled recruitment and employee relations

Learned about online marketing


SEO marketing
Email marketing
Affiliate marketing
SWOT ANALYSIS
STRENGTH WEAKNESS

OPEN DOOR POLICY LACK OF PROPER PLANNING


GROWTH  LACK OF COORDINATION
TEAM WORK

OPPORTUNITY THREAT

LESS COST CONSOLIDATION PERIOD


AFFILIATE MARKETING AND COMPETITIORS
COMPARISION SHOPPING IS A
BOOMING MARKET IN UK
FINDING
•Organization pay more attention on recruitment rather than
retention
•Motivational factor is low
•Pay scale is low as compare to their work
•Most of the employee have confusion regarding the policies of
the company
•Most of the employee thought that they have too much of
workload
•Provides a good working environment
•Employees are getting accurate information at right time
•Employees are satisfied with hygiene and cleanliness of the
company
•Roles and responsibility is clearly defined by reporting head.
RECOMMENDATION
•Create
a total reward structure that includes more than
compensation

•Give feedback on employee performance on a regular basis.

•Create a culture of engagement.

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