Table of Content

Development of Retention Plan

Introduction                                                                        2-3

Jamaica Public Service Company’s Current Retention Plan                                4

Proposed Retention Plan for the Jamaica Public Service Co. Ltd.                         5-6

Programs used to achieve Organisation Objectives                                        7-9

Techniques used to Deduce Turnover                                                        10-11

Recommendation                                                                        12

Reference List                                                                                13

Appendices                                                                                14-16

Development of Retention Plan for Jamaica Public Service Co. Ltd. (JPS. Co)

Introduction

        Retention is the process of keeping qualified employees in the organization. However it is inevitable that some employees will leave an organization. Retention management then seeks to ensure that there are enough employees in the firm with the important KSAO’s to generate the organizations’ future success.   The importance of establishing and retaining a productive and outstanding staff should be at the forefront of the organization’s staffing issues. With this at the forefront of the Human Resource department activities a policy document should be designed to outline steps to be taken in order to retain staff and motivate them to perform efficiently and effectively. Components of this plan should include ‘best practices’ that specially addresses employees’ performance and retention issues.

        Turnover is the process by which employees leave a job or organization. There are two basic categories of turnover: voluntary and involuntary. Voluntary turnover can either be avoidable or unavoidable. Avoidable turnovers can be prevented by the organization possibly by providing a raise of pay or practicing job rotation where persons are given new jobs to perform. Unavoidable turnover on the other hand is based on the employees’ own action. For example employees may quit or fall out of the labour force because of retirement or other means such as going back to school or health care problems so have to find another job. An involuntary turnover includes employee discharge and downsizing which is initiated by the organisation. Downsizing is the process whereby organizations shed employees in the best interest of the firm. The purpose of downsizing may be to cut the firms operating cost or due to a lack of forecasting the organisation may be overstaffed.  Employee discharge is where the organization will decide that an employee should leave the job based on their own actions, example poor discipline and /or low performance.

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Jamaica Public Service Company’s Current Retention Plan

Presently at Jamaica Public Service, there is no formal policy document to deal with the specific issue of employees’ performance and retention. However there are existing documents that will combat some of the issues that may lead to employee dissatisfaction, hence leading to high employee performance and low employee turnover.  JPS has in place a grievance procedure that outlines how employees should communicate any problems they might have. It identifies all the avenues to be taken when ...

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