How HPE retains top talent?: Unlocking effective employee retention strategies with Sailesh Menezes

Having a robust retention strategy for any organization goes a long way. Considering how the job landscape is constantly evolving, it’s important for companies to ensure that their employees are being taken care of. Employee retention strategies are more critical than ever in today's competitive and rapidly evolving business environment. As organizations face unprecedented challenges, from economic fluctuations to the integration of AI and remote work, retaining top talent has become essential for maintaining stability, fostering innovation, and driving growth.

High turnover rates not only disrupt workflow but also lead to significant costs in terms of recruitment, training, and lost productivity. Moreover, a strong retention strategy enhances employee morale and loyalty, creating a positive work culture that attracts and retains skilled professionals. By investing in employee development, well-being, and engagement, companies can secure a committed workforce that is aligned with their long-term goals, ensuring resilience and sustained success in a dynamic market.

Shine has just launched an exciting new campaign ‘Discussing Retention Strategies: Keeping Your Top Talent’ where leading HR and Talent Acquisition experts share their insights on effective retention strategies in today’s competitive landscape. This initiative provides a unique look into how companies are investing in talent management, offering valuable perspectives for both employers and job seekers interested in understanding what sets top employers apart.

To gain insights into how leading companies approach their retention strategies, we spoke with Sailesh Menezes, Vice President & Regional Leader of Human Resources for APJ at HPE. Throughout his career at HP/HPE, he has been instrumental in executing people strategies, enhancing employee engagement and development, managing talent, and driving global transformations and spin mergers.

Excerpts from the interview:

What are the top three retention strategies you currently use?

I think this is a very relevant question. With your permission, I'd like to discuss a bit more than just three strategies, but I'll keep it brief. First, we need to understand what factors retain teams in an organization. To me, this boils down to three or four key tenets: job satisfaction, engagement, career opportunities, and loyalty. At HPE, we've consistently maintained attrition levels below the market average because of our emphasis on these tenets. This focus makes HPE a great place to work.

Here’s the video:

The first strategy I would highlight is career development and planning. It's crucial to align roles with the aspirations of our employees, both in the short and long term. The second is having a robust reward and recognition philosophy. This should align with both the organization’s goals and the external market. This includes market-competitive compensation structures, investments in long-term benefits, timely rewards, recognition systems, and, of course, employee well-being.

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