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11TalentRetentionStrategyTalentRetentionStrategyBeyond$$Beyond$$JudyFengIntelPRCHRProgramManager22AgendaAgenda§§ChallengesintalentretentionChallengesintalentretention§§CreateanenvironmentforlearningandCreateanenvironmentforlearningandgrowthgrowth§§MakesurethemanagersareplayingtheMakesurethemanagersareplayingtherolerole§§SummarySummary§§Q&AQ&A33TodayToday’’sChallengessChallenges§§TightlabormarketstodayTightlabormarketstoday——willgetworsewillgetworsetomorrowtomorrow§§SkilllevelsofjobsarerisingquicklySkilllevelsofjobsarerisingquickly––TechnologyTechnology––GlobalizationGlobalization§§TalentismovingtoitsgreatestrewardsTalentismovingtoitsgreatestrewards––Thebestemployeeshavethebest/mostchoicesThebestemployeeshavethebest/mostchoices––MarketMarket--drivenemploymentrelationshipsdrivenemploymentrelationships§§ResearchShowsResearchShows––EmployeesareeagertogrowEmployeesareeagertogrow——jobadvancementjobadvancement””whatiswhatisthenextthenext””??44TheMarketTheMarket--basedEmploymentbasedEmploymentRelationshipRelationship§§LoyaltyisdeadLoyaltyisdead——supplyandsupplyanddemandreigndemandreign§§Withscarcity:EmployeesWithscarcity:Employeeshavechoiceshavechoices§§Nothinglastsforever,Nothinglastsforever,especiallyjobsespeciallyjobs––““AcareerhereisaboutfiveyearsAcareerhereisaboutfiveyears””(SiliconValley(SiliconValleyemployer)employer)––““LifeisaseriesofexperiencesLifeisaseriesofexperiences””55TheMarketTheMarket--basedEmploymentbasedEmploymentRelationshipRelationship§§Whatattractstalent?Whatattractstalent?––LearningandgrowthLearningandgrowth(researchshowsthatthisisthe(researchshowsthatthisistheNo.1reasonforemployeestoNo.1reasonforemployeestostay)stay)––ChallengeandChallengeandresponsibilityresponsibility––PositiverelationshipsPositiverelationships––Work/lifebalanceWork/lifebalance––RewardandrecognitionRewardandrecognition§§Whydopeopleleave?Whydopeopleleave?––IneffectiveIneffectivemanagementmanagement––LackofdevelopmentLackofdevelopment––LimitedcareerLimitedcareeropportunitiesopportunities––UnhealthyculturesUnhealthycultures––LackofRewardsLackofRewardsQuestion:Howtoretainyourtalentsbasedonthisdata?66IntelRetentionStrategyIntelRetentionStrategyManagementCareerPathFLM/MM/LeadershipDevelopmentManagementSkillsDev.ProgramsGrowthOpportunitySelection&IntegrationCorpCultureEmployeeLearnandGrowWithinIntelEffectiveManagementSystem77LearningandGrowthLearningandGrowth--SelectionandIntegrationprocessSelectionandIntegrationprocessCriteriatoselecttherightemployeesCriteriatoselecttherightemployees----CompetencyCompetency----BehaviorBehavior----CompanyculturefitCompanyculturefitPrePre--onboardProcessonboardProcessEffectiveintegrationprocessEffectiveintegrationprocess----CulturalIntegrationCulturalIntegration----BuddyprogramBuddyprogram------managercoachingmanagercoaching----OnthejobtrainingOnthejobtraining----IntegrationsurveyIntegrationsurvey88IntelValue:IntelValue:RiskTaking§Fosterinnovationandcreativethinking§Embracechangeandchallengesthestatusquo§Encourageandrewardinformedrisktaking§Listentoallideaandviewpoint§LearnfromsuccessandmistakesQuality§Continuouslylearn,developandimproveGreatPlacetoWorkRecognizeandreworkaccomplishmentOpenEnvironmentwithoutfearofreprisal.SomePrograms:SomePrograms:§§MS/MTEupskillingprogramMS/MTEupskillingprogram§§TechnicalCompetencyDevelopmentTechnicalCompetencyDevelopment§§ManagementDevelopment(FLM/MM)ManagementDevelopment(FLM/MM)§§EnglishtrainingprogramEnglishtrainingprogram§§Adminupskillingetc.Adminupskillingetc.LearningandGrowthLearningandGrowth--CorpCulturesupportsthelearningenvironmentCorpCulturesupportsthelearningenvironmentMS/MTEUpskilling/TrainingTCLProgramsFLM/MMDev.LeadershipDev.1:1EnglishTrainingClassRoomEnglishTrainingOn-lineEnglishTrainingShiftEnglishTr.99LearningandGrowthLearningandGrowthEmployeeDevelopmentandcareeropportunityEmployeeDevelopmentandcareeropportunity§§ProvidevariouscurriculaforemployeetolearnProvidevariouscurriculaforemployeetolearn––EE--learninglearning––IntelUniversityIntelUniversity––ExtendedEducationExtendedEducation––OnthejobtrainingOnthejobtraining§§ManagertosupportemployeefornextcareeropportunityManagertosupportemployeefornextcareeropportunity––IDP,Jobrotation,JobstretchIDP,Jobrotation,Jobstretch§§SystemstoprovidecareerdevelopmentSystemstoprovidecareerdevelopment––InternalGrowthProcessInternalGrowthProcess––MgtsuccessionPlanningMgtsuccessionPlanning––TechnicalcareerladderTechnicalcareerladder1010ManagementEffectivenessManagementEffectivenessManagementSkillsistheFoundationManagementSkillsistheFoundationManagerDevelopmentFocus:ManagerDevelopmentFocus:––SettingClearExpectationSettingClearExpectation––PlanningandProblemSolvingPlanningandProblemSolving––CoachinganddevelopingpeopleCoachinganddevelopingpeople––RewardandRecognitionRewardandRecognition––PerformanceManagementPerformanceManagement1111GoalSettingGoalSetting--““SMARTSMART””DeliverablesDeliverablesAdeliverablesisatangibleresultexpectedtobeAdeliverablesisatangibleresultexpectedtobeproducesoraccomplished.Thereshouldbeproducesora