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Welcomes You
Seminar on Employee Retention Strategy
16th May’15 Hotel Samdareeya Jabalpur
Listen World Leader in Social Media Says
[email protected]@retirementontrack.comwww.retirementontrack.com
world is changing fast & so are employee expectations
Key challenge is to retain loyal & productive employee esp. in small & medium size companies
Idea is to identify & reward the bunch of employees who are crucial to the success of any organization in long run.
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E m p l o y e e
SUCCESS
EMPLOYEE REPLACEMENT COST IS PHENOMENAL
As per study conducted by a leading HR consultant employee replacement cost varies between 70% to 200% of annual salary of an employee
If he joins competitor then cost is extra ordinary & recurring in nature.
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Short term hardly works in the long term
Bonuses, incentives, cash rewards , foreign trips, laptops, latest gadgets don’t give lasting solutions. Idea is to go beyond the routine stuff & give new ideas a chance.Social security in form of pension is very powerful idea. It induces is deep level of loyalty and sincerity among employees. They will be far more serious and committed if they are given post retirement benefits.
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How this unique idea can stop your attrition?
Investment will be made by employer towards employee retirement provided employee stays over there till the contract term(5 years 10 years) is completed .
Employee will not get this amount if he leaves mid-way.
Employee can also contribute separately in his retirement
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Employee can get money in pension fund once block of five years is completed. Then after, it will be transferred in employee account but with a caveat that it will be used exclusively for retirement age i.e. at 60 years .in case of medical emergency employer can however release the fund but not before 50 if employee is surviving.
Once contract for five year is over another contract is signed again with revised terms between an employer and an employee.
Transferred Fund can be managed by third party like swaraj retirement solutions or NATIONAL PENSION SCHEME (NPS).
Employer can offer both fixed return or variable returns.
Idea is delayed gratification. It is for both employer & employee.
[email protected]@retirementontrack.comwww.retirementontrack.com
How this unique idea can stop your attrition?
A diversified portfolio of quality mutual fund schemes comprising of equity & debt instruments is created for the employer.(single portfolio will be easier to manage than multiple portfolios)
Research, execution, tracking & rebalancing of schemes time to time will be provided by swaraj retirement solutions so that handsome returns are generated on group pension fund.
[email protected]@retirementontrack.comwww.retirementontrack.com
How this unique idea can stop your attrition?
Why swaraj is indispensible in
retirement planning? In addition to above fund management expertise we shall be also be providing all necessary legal frame work for working of group pension fund, data management on each & every contribution ,liability reports to the employers, valuation reports, facility for bullet payments, withdrawals and several acknowledgements to both employer as well as employee.
Shortfall etc. All this is managed by our unique state of the software.
Access to financial planning services of the Company will be added advantage to both employee as well as employer.
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Fixed Returns @10% Example
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Age30
ContributionPer month Corpus after
TermCorpus at 60
Pension beginning at 60
Rounded figure after deducting
expenses
Term 10 5000 `10,07,288 `67,76,529 For 10 years `80,000
Term 15 5000 `20,08,106 `83,88,357 For 15 years `80,000
Term20 5000 `36,19,933 `93,89,175 For 20 years `80,000
Term 25 5000 `62,15,798 `1,00,10,604 For 20 years `83,000
Term 25 5000 `1,03,96,463 `1,03,96,463 For 20 years `87,000
Age35
ContributionPer month Corpus after
TermCorpus at 60
Pension beginning at 60
Rounded figure after deducting
expenses
Term 10 5000 `10,07,288 `42,07,692 For 10 years `50,000
Term 15 5000 `20,08,106 `52,08,510 For 15 years `50,000
Term20 5000 `36,19,933 `58,29,939 For 20 years `50,000
Term 25 5000 `62,15,798 `62,15,798 For 20 years `53,000
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Fixed Returns @10% Example
Age40
ContributionPer month Corpus after
TermCorpus at 60
Pension beginning
at 60
Rounded figure after deducting
expenses
Term 10 5000 `10,07,288 `26,12,645 For 10 years `30,000
Term 15 5000 `20,08,106 `32,34,074 For 15 years `30,000
Term20 5000 `36,19,933 `36,19,933 For 20 years `30,000
Term 105000 `10,07,288 `16,22,247 For 10
years `20,000
Term 15 5000 `20,08,106 `20,08,106 For 15 years `20,000
Term 10 5000 `1,00,72,88 `10,07,288 For 10 years `12,000
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Age 45
Age 50
Fixed Returns @10% Example
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Fixed Returns @10% Example
Chinese businessman treats 6,400 employees to French vacation
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Chinese businessman spent close to 100 crores
Housing.com CEO Rahul Yadav gives away all his Rs 200 cr worth shares to
2,251 employees
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Housing.com CEO Rahul Yadav while making the Rs 200 crore announcement for distribution among employees
Another Example Of Employee Retention Strategy
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Snap deal plans to infuse fresh 4 % share capital for ESOP, taking total tally to 10%( it means roughly 500 crores to be distributed among key employees)
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Did You Know? Infosys Technologies Has Bought The World's Largest Life Insurance Policy For A Sum Assured Of Around Rs. 6000 Crore With A Premium Of Around Rs. 3 Crore.
Did You Know? BSNL Has Bought The Biggest Corporate Life Insurance Policy In The World For 3.5 Lakh Employees And A S.A. Of Rs. 4,770 Crore.
Another Example Of Employee Retention Strategy
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Share a lemon (Pension Contribution) with your employees
Win Win Situation
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And enjoy the whole tree of benefits for many many years
Win Win Situation
Ensure your company success with team of loyal employees
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SWARAJPLAN
Thank YouThe End of Seminar on
Employee Retention Strategy