Problem High Turnover Rate Solution Review wage structure Create more employee engagement

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

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