Retainership
We also offer retainership approach where we can help customer throughout a period of time in implementing all new processes with the help of your top management.
We undertake retainership to implement those learnings (Which we teach during classroom training) along with the associates (with active support from top management) for a predefined period(Min 18 to 24 months) with periodical visit to gemba on monthly/fortnight basis.
Improve overall Performance
One of the clearest benefits of Retainership is regular reviews with necessary corrective measures to improve the overall performance of the company. Monthly review of the progress made by your staff provides a perfect opportunity to find areas that need attention.
Increase employee Engagement
Retainership is not just about review of what employee can do for the organisation. One of the primary benefits is that regular feedback can increase engagement, which can pay dividends for the company. According to Forbes contributor Kevin Kruse, 28 research studies have found correlations between employee engagement and quality, sales, service, retention, safety, profit, sales and total shareholder returns.
“Companies constantly evolve, and they need new ideas all the time. Engaged employees are a lot closer to the best ideas,” Jim Harter, PhD, chief scientist of employee engagement and wellbeing at Gallup, said in a press release. “They’re thinking about the whole company and how they fit into it, and their ideas lead to better decisions
By reviewing the performance of your staff members at periodic intervals, they will gain greater understanding of how their position contributes to the goals of the company and likely become more invested in the outcome. We can also conduct Kaizen, Root Cause Counter Measure analysis & many more advance techniques for performance improvement.
Identify Right Candidate
When there is a position in the organization that needs to be filled, the perfect candidate could be readily available. During “Retainership” process the employees start improving themselves with the series of techniques.It can ultimately be what is best for the bottom line of the company
Promoting from within is not just about increasing employee morale or saving yourself time.. According to a study published in SAGE Journals, external hires tend to perform significantly lower on performance reviews during their first two years than internal workers promoted to similar positions. These external hires also left the company at higher rates and earned salaries that cost employers 18 to 20 percent more. Consequently, you may find that employees who are promoted from within perform better, cost less and are less likely to leave the company compared to those who are hired externally.
Strengthen Relationships and Loyalty
In the process of “Retainership”, working with your team members on monthly basis offers opportunities to positively impact relationship with each team member. You can praise good performances, reward hard work, and listen to any complaints, questions, or concerns that your employees may have.
Retainership impacts bottom line by increasing employee retention rates. When employees stay with your company longer, you do not have to hire replacements as frequently & carry a high price tag.
“Employees want to know what they are doing well and where they can improve,” Kristen Leverone, a senior vice president at talent development and transition company Lee Hecht Harrison, said in an interview with Fortune magazine “Career conversations are critical to engagement and retention”