347 LEARNING OBJECTIVE 1. Describe a comprehensive approach to retaining employees. 2. Explain why employee engagement is important, and how to foster such engagement. 3. Discuss what employers and supervisors can do to support employees’ career development needs. 4. List and discuss the four steps in effectively coaching an employee. 5. List the main decision employers should address in reaching promotion decisions. MANAGING EMPLOYEE TURNOVER AND 348-349 RETENTION COST OF TURNOVER MANAGING VOLUNTARY TURNOVER RETENTION STRATEGIES FOR REDUCING VOLUNTARY TURNOVER ...
OVERVIEW The objectives of this session:- • Learn about employee benefits • Examine different remuneration retention strategies • Examine various recognition programmes in the context of total rewards THE NEED FOR EMPLOYEE BENEFITS FROM AN LEGISLATION EMPLOYER’S POINT • Governments provide a OF VIEW minimum level of coverage • Benefits offer an opportunity to increase employee for medical needs, short- engagement at a lower cost than wages. and long-tem disability, time • Key emphasis is on showing concern for ...
Learning Objectives 1. Describe a comprehensive approach to retaining employees. 2. Explain why employee engagement is 4- important, and how to foster such engagement. MANAGING EMPLOYEE TURNOVER AND RETENTION •Turnover: the rate at which employees leave the firm, varies markedly among industries. •(rates includes only voluntary leaving) •Turnover is an expensive cost for organizations. Understanding more about the costs and causes of turnover is important. •There are tangible and intangible costs associated with turnover. Reducing turnover ...
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