Problem
High Turnover Rate
Solution
Review wage structure
Create more employee engagement programs outside of work
Revise Incentive plans (e.g. Housing allowance)
Match poaching offers/ give more lucrative counter offers
Allow junior employees to pursue bachelor degrees and promote them after acquiring degree
Strategy
Employees awarded shares based on service period
Expedite housing loans/grants
Enable employees to apply for housing within the first 5 years
Employees should get school/universities tuition fees for their children
Ease promotion ladder
Create family oriented events
Award employees for academic achievements
Goals
Reduce turnover by 30%
Increase fluidity in changing positions
The post Problem High Turnover Rate Solution Review wage structure Create more employee engagement appeared first on PapersSpot.