Employee Retention Strategies is uniquely designed to provide small- to medium-sized organizations (and business units of large organizations) with

affordable, effective, fast and lasting solutions to improve employee retention, satisfaction and commitment.

Objectives Uses only research-based, theory-supported approaches to improving employee engagement. Avoided are gimmicks such as employee of the month, suggestion boxes, prizes or other carrots. While commonly used, these short-term fixes fail to produce genuine employee loyalty (more than 60 years of research tells us so!). Employs an easy-to-understand systems approach to ensure the root causes of turnover are addressed and the potential for lasting change unleashed. Customizes all activities to your organizations unique history, current practices and strategic objectives. Also considered are challenges unique to your industry sector, competitive marketplace issues and talent shortages. Involves those responsible for implementing change in actually creating the change, ensuring input and improved shared understanding and support of all initiatives. Integrates hands-on, action-oriented approaches that enable organizations to move forward quickly and effectively Recognizes the research-proven role of no-cost strategies in developing the glue that builds employee loyalty and commitment. Brings to your organization leading-edge organization-development best practices to effectively and quickly build a retention-rich culture. The Employee Retention Strategies newsletter, which gained this website the No. 1 positions on Google and Yahoo during its publication in the early part of this decade, was a nationally noted source for research-based, factdriven guidance on enhancing employee retention. (Back issues still are available). From that research come approaches built on a solid foundation

of what works (and what doesnt) to gain the commitment of employees in all industries and economic sectors.

Automotive Axles Limited, Mysore

Established in 1981, Automotive Axles Limited (AAL) is a joint venture of Arvin Meritor Inc., USA (formerly the automotive division of Rockwell International Corporation), a Fortune 500 company, and the Kalyani Group. With manufacturing facilities located at Mysore, the company is currently the largest independent manufacturer of Rear Drive Axle Assemblies in the country. Over the years, AAL has developed an impressive domestic OEM clientele that includes Ashok Leyland, Telco, Vehicle Factory, Jabalpur, Mahindra & Mahindra, Volvo and Bharat Earth Movers. AAL exports axle parts to USA, and Italy. The infrastructure at AAL spans highly specialized manufacturing processes involving Friction Welding, Flash Butt Welding, Co2 Welding, CNC Machining, Flexible Machine Centres and a range of specially built machines for production of Axles and Brakes.

Problems 1. failure in retaining employees even after giving best benifits. 2. low loyalty towards organisation

State Bank of Mysore was established in the year 1913 as Bank of Mysore Ltd. under the patronage of the erstwhile Govt. of Mysore, at the instance of the banking committee headed by the great Engineer-Statesman, Late Dr. Sir M.Visweswaraiah (Bharat Ratna). Subsequently, in March 1960, the Bank became an Associate of State Bank of India.State Bank of

India holds 92.33% of shares. The Bank's shares are listed in Bangalore, Chennai, and Mumbai stock exchanges. State Bank of Mysore objectives: Type Public company (BSE, Bangalore Stock Exchange & Chennai Stock Exchange) Industry Banking, Insurance, Capital Markets and allied industries Founded Mysore, 1913 (as Mysore Bank) Headquarters Head Office, Bangalore Key people Managing Director Mr. Dilip Mavinkurve Products Loans, Credit Cards, Savings, Investment vehicles Credit is the trust which allows one party to provide resources to another party where that second party does not reimburse the first party immediately (thereby generating a debt), but instead arranges either to repay or return those resources (or other materials of equal value) at a later date. The resources provided may be financial (e.g. granting a loan), or they may consist of goods or services (e.g. consumer credit). Credit encompasses any form of deferred payment.[1] Credit is extended by a creditor, also known as a lender, to a debtor, also known as a borrower "trade credit" to refer to the approval for delayed payments for purchased goods. Credit is sometimes not granted to a person who has financial instability or difficulty. Companies frequently offer credit to their customers as part of the terms of a purchase agreement. Organizations that offer credit to their customers frequently employ a credit manager. Consumer debt can be defined as money, goods or services provided to an individual in lieu of payment. Common forms of consumer credit include credit cards, store cards, motor (auto) finance, personal loans (installment loans), consumer lines of credit, retail loans (retail installment loans) and mortgages.

Problems 1. Poor credit policy to customers. 2. Increaced rate of interest to customers. 3. Lack of credit policies