Retention is a hot issue in organizations, regardless of whether the economy is declining or booming across all industries and countries. The challenge to retain key talents in order to sustain a competitive advantage preoccupies the minds of many business leaders. Today’s key employees have many employment options. One question that arises in this context is: how can remuneration and training foster employee commitment? Research reveals that, even though pay and benefits count, one cannot depend on money alone to retain talented employees. Among other things, key motivators include opportunity to learn and grow and recognition of achievement.
This programme will cover various areas such as pay and benefits, but also key motivators, which go beyond money such as training, promotion and transfers. However, sometimes parting from employees is unavoidable. Therefore, this programme also offers advice and guidance on how to manage dismissals fairly and effectively. Key areas covered include:
- The challenge of retaining key talent
- Reward Management
- Designing a pay structure
- Managing promotions
- Managing transfers
- Managing retirement
- Managing disciplining
- Managing dismissals
- Capture the causes of attrition through exit interviews
- How to foster employee commitment?
- Training and Training Needs Analysis