An innovative employee retention strategy

In today's still uncertain job market, employees are likely to be more interested in job satisfaction and growth. Continuous Learning programmes offered by MET Institute of Distance Learning will not only enhance the skills of employees but also prove to be a strong incentive for retention.

Things may be looking up on the economic horizon, but organisations are still watching their budgets. For many of these companies, high employee turnover is an issue for the HR department, not the finance team. The price of replacing employees can be staggering. Some estimates report that employee turnover now costs an average of 2.5 times the employee's annual salary. That may sound incredible at first, but not after adding the expenses of advertising, recruiting, orienting and training the replacement together with lost productivity and efficiency, revenue, morale and, in some cases, customer loyalty.

So what can a company do to avoid seeing valued employees walk out the door? Offer bigger salaries? More benefits? Fortunately, such "big ticket" expenditures are not necessarily the top priority to employees. At every level of the corporation, employees recognise ongoing training as a tool that will enable them not only to do their jobs better today but also to improve their skill sets and prepare them for increased job responsibilities in the future.

MET Institute of Distance Learning understands this scenario and therefore offers an innovative retention strategy. MET IDL offers programmes customised to suit the organisational requirements. MET IDL designs Diploma or Advanced Diploma programmes, so as to include the subjects of the organisation's choice. The institute also holds contact programmes and/or workshops on Communication Skills and Personality Development conducted by expert faculty. These can be organised either in the organisation or at MET, Bandra. Customised programmes such as these will enhance the skills of the employees , and will also prove to be a strong incentive for retention.

MET Institute of Distance Learning is committed to keep pace with the acceleration of change and promises an innovative learning experience.