Some Actionable employee retention strategies every company must follow
Attrition usually has negative connotations within the corporate world, despite the well-known incontrovertible fact that it's fresh talent that moves an organisation forward. The negativity stems from the very fact that attrition often robs the corporate of its most precious employees.
Here are 8 actionable employee retention strategies to
assist you keep your star performers:
1. Hire the right person
This employee retention strategies is so obvious that it’s
often overlooked. In their eagerness to fill the open position, companies find
yourself hiring the foremost skilled person instead of one who aligns with the
company’s core values and culture. When an employee never fit into your
organisation to start with, attrition is inevitable.
2. Plan your on boarding strategy
A structured on boarding process won't only clarify what's
required from the role, but also help candidates approach the profile with the
required behavioral skills. If there are vacant place, the on boarding process
should actively equip employees by filling these vacant place.
3. Provide avenues for professional growth
Your most talented employees are going to be highly
motivated individuals who place a premium on professional growth and learning.
Employee retention strategies should seek to fill this need through educational
programs, opportunities for certification or chances to steer projects. When
there are not any opportunities to advance, improve or learn anything new,
disillusionment and therefore the desire for a steeper learning curve will
inevitably set in.
4. Build an inclusive culture
Inclusiveness is quite just a flowery concept for your HR
file. Foster a culture where you play up to people’s abilities instead of their
disabilities.
5. Bring work-life balance back
Maintaining a work/life balance is easy when you’re a sole employee,
right? You are doing work from home and you have no one else to answer to, so
it should be easy to switch off.
Unfortunately, that’s not always the case. In fact, many home-based sole employees struggle to have a healthy work/life balance because the lines are more blurred.
6. Inculcate team spirit
A good manager promotes a robust sense of unity and shared
goals, charting out growth plans for individual reportees and giving them a way
of professional well-being. Invest in leadership programs for your team leads
and they’ll invest back to you.
8. Manage change well
Change is inevitable but most companies lose out on valuable
employees thanks to poor change management. Over-communicate expected changes,
why they’re necessary, and the way it'll impact the way jobs are currently
being done. This is even more important during times of restructuring or when
employees’ line of reporting is probably going to vary .
Good employee retention techniques begin with understanding
attrition. Find out everything you would like to understand about Employee
Attrition.
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