Hello Anjali:
>Thank you Mr. Gately,<
You are welcome and call me Bob, it saves keystrokes.
>Now i understand the difference between Employee engagement and Employee Satisfaction. Satisfaction can not be measured until and unless it is related with Employee engagement and performance.<
Yes, once we have an engaged workforce, which is another way of saying the managers are doing their jobs well, we can then concentrate on employee satisfaction.
>I am working in Retail Format, as u know attrition is high, salary package is one of the reason of the staff to leave from one organization to other.<
When departing employees are asked why they are leaving they almost always say money, benefits, opportunities, etc. The question we need to ask is why were they looking to leave? Engaged employees are much less likely to leave than unengaged employees.
>But there are staff who stay with one organization for 2-3 yrs.<
These employee hold the key that unlocks the door to increased retention.
>What made them to stay back?<
More than likely they had a talent for the job.
>It can be personal reason but I want to identify how can we retain good people without hampering their growth and without increasing the cost.<
Hire for talent.
>I want to know What made these people stay in one organization for so long?<
A good job fit--they had the talent for the job.
>Why others are not satisfied? Where are we lacking? How can we improvise?<
We cannot increase an employee's talent but we can find them a more suitable positions.