Retention & Succession

Retention management focuses on measures that impact retention of employees. This evolves with various initiatives to have psychological bonding, performance rewarding, recognition, concern, and care towards employees which prevent employees not to leave. Effective retention affects competitive benefits like a positive work environment, and growth opportunities.

Succession management is a systematic approach to identify, select, and develop best performing employees and hiring of new talents to assume critical roles and prepare the organization for the future. This is a very important initiative in an organization to face challenges during critical times when senior talents get apart from the organisation. This process involves identification of critical positions, evaluation of employee skills, identifying potential candidates and further developing those talents to lead the critical positions at leadership level. 

NEXUS undertakes and plays a crucial role in employee retention and succession planning:

- Conducting employee engagement surveys and analysing results to identify retention strategies.
- Developing and implementing retention programs, such as training and development initiatives, recognition and reward schemes, and work-life balance policies etc.,

- Assessing the organization culture and advising the best initiatives.

- Implementing performance management systems to identify and develop future leaders.
- Developing succession planning strategies and identifying critical positions followed by potential successors.
- Creating talent pipelines and leadership development programs.

- Providing coaching and mentoring services to employees and leaders.
- Conducting exit interviews and analysing data to identify areas for improvement. Developing and implementing diversity, equity, and inclusion initiatives.

With NEXUS's expertise, organizations can improve employee retention, develop future leaders, and ensure a seamless transition of leadership roles.