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    Human Resource Management: Ramsays Corporation Private Limited

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    This document discusses human resource management and retaining employees. It identifies some key reasons why employees leave, including lack of competitive pay, benefits, recognition, and challenging work. It emphasizes the importance of attracting and retaining high-performing employees. Some tips for retaining talent include creating a trusting, respectful culture with clear communication of values and goals. The document stresses involving employees and making them feel valued through recognition and concern for their well-being.

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    Human Resource Management: Ramsays Corporation Private Limited

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    Sarras Info
    24 views11 pages
    This document discusses human resource management and retaining employees. It identifies some key reasons why employees leave, including lack of competitive pay, benefits, recognition, and challenging work. It emphasizes the importance of attracting and retaining high-performing employees. Some tips for retaining talent include creating a trusting, respectful culture with clear communication of values and goals. The document stresses involving employees and making them feel valued through recognition and concern for their well-being.

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    HR Management

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    This document discusses human resource management and retaining employees. It identifies some key reasons why employees leave, including lack of competitive pay, benefits, recognition, and challenging work. It emphasizes the importance of attracting and retaining high-performing employees. Some tips for retaining talent include creating a trusting, respectful culture with clear communication of values and goals. The document stresses involving employees and making them feel valued through recognition and concern for their well-being.

    Copyright:

    © All Rights Reserved
    Download as PPT, PDF, TXT or read online from Scribd
    Download as ppt, pdf, or txt
    24 views11 pages

    Human Resource Management: Ramsays Corporation Private Limited

    Uploaded by

    Sarras Info
    This document discusses human resource management and retaining employees. It identifies some key reasons why employees leave, including lack of competitive pay, benefits, recognition, and challenging work. It emphasizes the importance of attracting and retaining high-performing employees. Some tips for retaining talent include creating a trusting, respectful culture with clear communication of values and goals. The document stresses involving employees and making them feel valued through recognition and concern for their well-being.

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    Human Resource Management

    RAMSAYS CORPORATION PRIVATE LIMITED


    WHY EMPLOYEES LEAVE

    Basic Financial Needs


    Lack of Competitive Salary
    Inadequate Benefits
    Overload/Work pressure
    Poor Communications
    Negative Environment
    Lack of Recognition
    WHY EMPLOYEES LEAVE

    Unfair and Inequitable Treatment


    Lack of Challenging Job
    Lack of Job Security
    FORTUNE SURVEY:
    “The single best predictor of overall excellence is a company’s
    ability to attract, motivate, & retain high performance people.”
    WINNING PERFORMANCE:
    There are only two things that matter: The quality & motivation
    of the people & the validity & power of their common goal.
    Quality employees
    Proper environment-culture (motivate)
    Common goals
    HIRE PEOPLE TO DO WHAT?

    1. INCREASE PROFITS
     INCREASED REVENUE
     REDUCED COST
     IMPROVED CUSTOMER SATISFACTION

    2. SOLVE YOUR PROBLEMS


    3. REMOVE YOUR PAIN
    A GOOD HIRING PROCESS

    DETERMININATION OF
    QUALIFICATIONS ONE MUST POSSESS
    TO DO THE JOB
    Example: Sales job
    Good verbal ability • Persuasive
    Extrovert • Perseverance
    Enthusiastic • Self discipline
    Self Starter • Driven
    Assertive • Good listener
    Able to handle defeat • Problem solver
    Self confidence • Demonstrated winner
    HOW TO RETAIN EMPLOYEES

    1. Create an Environment/Culture of
    ● TRUST ● RESPECT
    ● INTEGRITY ● TEAMWORK
    ● COMMUNICATION ● FUN
    ● INVOLVEMENT
    ● A BIAS FOR ACTION
    HOW TO RETAIN EMPLOYEES

    2. Drive the Organization with Values


    “Engage Their Soul”

    ●“HIGH PERFORMANCE EMPLOYEES SEARCH OUT, JOIN,


    AND STAY WITH ORGANIZATIONS THAT GIVE THEM
    COMPELLING REASONS TO COMMIT THEIR
    HEARTS AND SOULS TO SOMETHING BEYOND
    QUARTERLY EARNINGS.”

    ● WHAT IS YOUR COMPANY’S PASSION?

    COMMUNICATION IS CRITICAL…EVERY EMPLOYEE


    MUST KNOW WHAT DRIVES THE ORGANIZATION
    & WHAT THEY MUST DO TO KEEP THE PASSION
    ALIVE.
    HOW TO RETAIN EMPLOYEES

    3. INVOLVE EMPLOYEES

    • EMPLOYEES THAT ARE INVOLVED (ASKED


    THEIR OPINION, FEEL THEY ARE A PART OF
    THE TEAM, & HELD ACCOUNTABLE)
    ACCOMPLISH MORE AND ARE MORE
    COMMITTED THAN NON-INVOLVED
    EMPLOYEES.

    !! THIS IS CRITICAL !! YOU CAN’T INVOLVE


    EMPLOYEES WITHOUT FREQUENT,
    MEANINGFUL COMMUNICATION.
    HOW TO RETAIN EMPLOYEES

    Motivation
    TOP 20% OF YOUR PEOPLE ARE SELF
    MOTIVATED.
    BOTTOM 20 % YOU WON’T BE ABLE TO
    MOTIVATE.
    MIDDLE 60% CAN GO EITHER WAY,
    DEPENDING ON THE
    ENVIRONMENT/CULTURE OF THE COMPANY.
    HOW TO RETAIN EMPLOYEES

    MAKE EMPLOYEES FEEL GOOD ABOUT


    THEMSELVES AND THE COMPANY
     RECOGNITION
     GENUINE CONCERN
     TALK TO EMPLOYEES…KNOW THEIR NAME
     SET CHALLENGES & EXPECTATIONS
     PROVIDE FEEDBACK
     REWARD PERFORMANCE (? $)
     ALLOW THEM TO SPEND TIME WITH FAMILY
     DE STRESS THEIR MENTAL AND PHYSICAL STATUS

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