27-11-2012, 03:42 PM
EMPLOYEE RETENTION
EMPLOYEE RETENTION.pptx (Size: 99.78 KB / Downloads: 48)
COMPANY PROFILE
Alicon group is a union of Alicon Castalloy Ltd(Formely known as Enkei Castalloy ).
A B2B company that manufactures vehicle parts of 4 wheelers and 2 wheelers.
Alicon makes its spare parts by using Aluminium .
It has two plants in India one is located at Pune and second is in Binola(Haryana).
Binola plant is established in 2006 and pune plant is established in 2001.
Alicon group is committed to green environment & is in the process of achieving ISO 14001/OHSAS 18001 environmental management systems standard.
Its deals with
1.Maruti
2.Tata motors
3.Suzuki
4.Honda
5.Bajaj
Alicon Group Produts Range
Cylinder Heads for Passenger Cars
Cylinder Heads for four stroke 2/3 wheelers
Support Brackets
Intake Manifolds
EGR Valve
Rack Housing & CAC Tanks
INTRODUCTION ON EMPLOYEE RETENTION
Employee retention is a process in which the employees are encouraged to remain with the organization for the maximum period of time or until the completion of the project.
Employees today are different. They are not the ones who don’t have good opportunities in hand. As soon as they feel dissatisfied with the current employer or the job, they switch over to the next job.
It is the responsibility of the employer to retain their best employees. If they don’t, they would be left with no good employees. A good employer should know how to attract and retain its employees.
COMPENSATION
Compensation constitutes the largest part of the employee retention process.
The employees always have high expectations regarding their compensation packages.
Compensation packages vary from industry to industry. So an attractive compensation package plays a critical role in retaining the employees.
Compensation includes salary and wages, bonuses, benefits, bonuses, vacations, etc.
GROWTH
Employees responsibilities in the organization should help him achieve his personal goals also.
Organizations can not keep aside the individual goals of employees and foster organizations goals.
Employees’ priority is to work for themselves and later on comes the organization. If he’s not satisfied with his growth, he’ll not be able to contribute in organization growth.
CONCLUSION
The complaints of the employees should be resolved in order to retain them in the organizations.
Grievances handling system should be effective.
The organization has to motivate their employees, because motivation increases performance level.
Organization should focus on career development of their employees.
The organization should be given the fair salary to the employees.