1.

INTRODUCTION
1.1

WHY TO RETAIN:

Recruitment of an employee is itself a costly affair, moreover leaving of a

employee means losing an asset, loss of time and money in many folds as
experienced one leave and cost of post unfilled, recruiting new one and
finally train him to align with the organization goals.
RETAINE
D

Yes
PROFI
T

No
COST OF RECRUITING NEW
EMPLOYEE, TRANING &
DEVELOPMENT COST
Employee retention is important for building a productive, healthy and
committed workforce. Retention practices help save costs associated with
recruitment, business productivity or poor customer service. The objective of
the Employee Retention Strategy is to increase the awareness, tools and
information available to employers to assist them in employee retention.
These objectives will all contribute to building more inclusive and flexible
workplaces.
Before retaining the top performer, hiring the right talent is at the first place.
Here also 80/20 rule can be applied i.e. 80% profit comes from 20% performers.

Retaini
ng

Profits