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    Retention Strategies Adopted by IT Industry HCL

    Uploaded by

    Lionel Liew
    The document discusses retention strategies adopted by IT company HCL. It notes that retaining key employees ensures customer satisfaction and organizational success. The paper aims to understand why employees leave HCL and the strategies used to retain them. Through questionnaires and secondary research, the study found common reasons for leaving were compensation, career growth opportunities, and work-life balance. Recommendations include adopting an employee retention strategy from recruitment onwards, effective compensation packages, clear career paths, and supporting employees' personal needs. The conclusion is that attrition can be reduced through attention to compensation, valuing employees, work environment, performance reviews, and work schedule flexibility.

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    Retention Strategies Adopted by IT Industry HCL

    Uploaded by

    Lionel Liew
    204 views3 pages
    The document discusses retention strategies adopted by IT company HCL. It notes that retaining key employees ensures customer satisfaction and organizational success. The paper aims to understand why employees leave HCL and the strategies used to retain them. Through questionnaires and secondary research, the study found common reasons for leaving were compensation, career growth opportunities, and work-life balance. Recommendations include adopting an employee retention strategy from recruitment onwards, effective compensation packages, clear career paths, and supporting employees' personal needs. The conclusion is that attrition can be reduced through attention to compensation, valuing employees, work environment, performance reviews, and work schedule flexibility.

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    26705295-Retention-strategies-adopted-by-IT-Industry-HCL

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    The document discusses retention strategies adopted by IT company HCL. It notes that retaining key employees ensures customer satisfaction and organizational success. The paper aims to understand why employees leave HCL and the strategies used to retain them. Through questionnaires and secondary research, the study found common reasons for leaving were compensation, career growth opportunities, and work-life balance. Recommendations include adopting an employee retention strategy from recruitment onwards, effective compensation packages, clear career paths, and supporting employees' personal needs. The conclusion is that attrition can be reduced through attention to compensation, valuing employees, work environment, performance reviews, and work schedule flexibility.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    204 views3 pages

    Retention Strategies Adopted by IT Industry HCL

    Uploaded by

    Lionel Liew
    The document discusses retention strategies adopted by IT company HCL. It notes that retaining key employees ensures customer satisfaction and organizational success. The paper aims to understand why employees leave HCL and the strategies used to retain them. Through questionnaires and secondary research, the study found common reasons for leaving were compensation, career growth opportunities, and work-life balance. Recommendations include adopting an employee retention strategy from recruitment onwards, effective compensation packages, clear career paths, and supporting employees' personal needs. The conclusion is that attrition can be reduced through attention to compensation, valuing employees, work environment, performance reviews, and work schedule flexibility.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 3

    Retention strategies adopted by IT Industry (HCL)

    Name: Shambhavi Kumari (2006 – 2008)

    Title: Retention strategies adopted by IT Industry (HCL)

    Summary

    Retention of key employees is critical to the long-term health and success of


    any organization. It is a known fact that retaining an organizations best
    employees ensures customer satisfaction, increased product sales, satisfied
    colleagues and reporting staff, effective succession planning and deeply
    imbedded organizational knowledge and learning.

    Employee retention is one of the primary measures of the health of an


    organization, which brings multi faceted benefits. With the objective of
    studying the Strategies and Practices of Retaining employees prevalent in
    today’s business houses with special study on retention strategies adopted
    by HCL, this project aims at understanding why employees leave in the first
    place, and what strategies are undertaken to get the employees stay in the
    organization.

    The project is based on exploratory research. The source of information of


    the study consists of primary and secondary data. For the purpose of primary
    data a set of questions was put together in the form of questionnaire. And
    secondary data was collected from Newspapers, Journals, Reports & various
    publications, business magazines etc. on the basis of information gathered
    from these sources findings and data analyses was prepared which suggests
    the primary reason of leaving the company by employee in HCL. These
    include the pay packages, compensation, position in the company, working
    conditions, and proper career development opportunities and company’s
    inflexibility towards an employees family responsibilities.
    Based on the limitations of the company some recommendations have been
    presented in the end so as to meet the current most important trend of
    growing attrition rate. This includes- adopting a Retention Strategy at all
    stages starting form recruitment and selection of employees, providing an
    effective pay packages and compensation, outlining an efficient career
    development path for employees and most importantly catering to their
    emotional, mental and family needs. Also practices should be followed to
    bring the ex-employees back in the company.

    Recommendations

     Employees retention strategy should be adopted to bring back the


    ex employees in the organization as well as to retain the present
    employees.

     Compensation and salary should be matching with the employee’s


    contribution to the organization.

     Periodic reviews of the employees satisfaction level regarding to


    issues like salary, work position and environment etc

     The company should initiate the career development path of its


    employees along with the development of the organization.

    Conclusion

    The present report indicates that the following features:

    1. Better job opportunities in outer market & pay are the main reasons for
    increasing attrition rate.
    2. The employees do not feel valued by their employer.
    3. The working environment in the company also make them to leave
    their job.
    4. Performance Appraisals are not given at regular intervals so that the
    Employee feel motivated for its work.
    5. The work schedule is very much inflexible & Stressful.

    However an effective retention policy could be followed to make the


    employees stay in the company starting form recruitment and selection of
    employees, providing an effective pay packages and compensation, outlining
    an efficient career development path for employees and most importantly
    catering to their emotional, mental and family needs. Also practices should
    be followed to bring the ex-employees back in the company.

    The above article was extracted from dissertations by the students


    of Skyline College. Skyline College is amongst the top MBA and BBA
    institutes in Delhi, Gurgaon (NCR)

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