Effective Retention Strategies to Combat Attrition

Overview

In today’s rapidly evolving business environment, retaining top talent is crucial for organisational success. High employee turnover not only leads to substantial costs but also disrupts productivity and diminishes morale. Therefore, mastering effective talent retention strategies is vital for any organisation committed to long-term growth.

This course moves beyond traditional methods, introducing advanced retention techniques that include strategic talent management, tailored career development, and the optimisation of total rewards. Participants will learn how to align talent management strategies with organisational objectives, design personalised career paths for employees, and develop comprehensive rewards packages that appeal to a diverse workforce.

Focusing on the complexities of employee retention, the course equips participants with the tools to retain top talent in highly competitive markets. It explores innovative approaches to employee engagement, talent development, and organisational culture, enabling leaders to create a workplace where employees are not only motivated to stay but also empowered to thrive.

Key highlights

• Understand and explain the impact of employee motivation on retention, ensuring alignment with retention goals.
• Analyse and implement reverse mentoring techniques to engage and motivate millennials effectively.
• Analyse retention issues across career stages and apply appropriate, tailored strategies.
• Develop and evaluate strategies to create an inclusive and positive workforce, addressing turnover and enhancing satisfaction.

Objective

• Equip executives and leaders with essential skills, tactics, and strategies for developing effective retention strategies.
• Explore various retention methods and techniques relevant to the contemporary workforce.
• Understand the importance of employee engagement in retention efforts.
• Learn how to create a supportive and inclusive workplace culture.
• Foster long-term commitment of the workforce through effective retention practices.

USPs

• Learn from top-notch faculty at SPJIMR.
• Experience a teaching pedagogy that includes self-assessments.
• Engage in scenario-based reflections to apply learning.
• Participate in experiential e-learning at their own pace and convenience.

Who can attend

• Intended for business/line managers (mid to senior level) with people management responsibilities.
• Suitable for managers leading small to large teams, with members reporting either functionally, administratively, or both.
• Useful for HR professionals, such as HR Business Partners and Corporate HR professionals, responsible for managing talent.
• Open to participants from any professional background or sector (business, social, product, or service).

Certificate

To earn a certificate, one needs to earn a passing grade on each of the required assignments in the form of quizzes and graded quizzes.