Strategic Tips For Employee Retention

 

Lots of Model Survey are being used nowadays for the purpose of HR-benchmarking such as the classic Cross-Sectional Surveys, Longitudinal Surveys and other copyrighted Management Model Survey such as Engagement Model Survey, David Ulrich Models etc... but because of the complexity of human behavior a scenario of one survey conducted in one specific place is not applicable in another place. As human behavior in one organization is directly affected by the quality and attitude of leaders' leading the organization and culture & trend that is being bred in an organization location. Conducting a survey is one way and probably the most effective way for HR practitioners to decide on what to do next, based on the results of the surveys in relation to the current trend that is affecting Human Resource issues and problems and one of these is Employees retention problem. Before, employee retention has never been that important, especially here in the Philippines, as it is known that a lot of talented professionals can easily be found, but because of the brain drain that is currently affecting our country, it changed the trend..

 

The blunder in the cost of employee turnover and its serious impact on an organization's bottom line are increasing, because employee recognition and rewards are limited in most organizations. Unfortunately many HR Practitioners' don't understand the importance of recognizing and rewarding a team member's hard work. Many might even ask why they should recognize their employees when they are "just doing their job." The truth is that recognizing employees for the job well done is one of the least expensive and easiest ways to improve the morale and employee retention in one organization plus a return on investment for a manager's time with a very minimal expense in the part of the company fourrounds.com.

 

Because of this to help HR practitioners'

 

1. Balance work and personal life

Balance work and personal life - HR professionals are battling the challenges of a transforming workforce reality. The need to be aware of certain trends which impacts efforts to attract and retain talented employees. Work-life balance application to a person's effective work-life and personal life wasn't as important in the past as it is today because, in the past, people often are able to attend easily to every major role in their life. Family is very important to all of us, when work begins to put a significant strain on one's family no amount of money will keep an employee around. So a small gesture of allowing an employee to take an extended leave once a month to watch his daughter's or son's school activity will likely be repaid with loyalty and extended employment with an organization.

 

2. Competitive compensation package

Higher salaries" Money is still the number one consideration, in which employees' seek change. It is normal for us to feel that we've been paid appropriately and fairly for the work we do. So be sure to research what other companies and organizations are offering in terms of salary and benefits. It is also important to research what is the standard compensation package and benefits for the particular position, particularly health and dental insurance, retirement, and paid vacation days and time off. You must make sure that the compensation package your company has is competitive enough, so that team members will not go out and look for employers who are willing to offer more competitive compensation packages.

 

3. Treat each employee with respect and as an individual

Treat each employee with respect and as an individual, recognize the team member's contribution in front of members of management. This can reduce the tendency for employees to feel that their supervisors take all the credits. Know how to recognize your staff, not all employees want to be singled out at a gathering of hundreds of peers. The approach to recognizing team members can vary greatly by generational group. You might unintentionally humiliate a baby boomer by having them stand up in front of their colleagues while discussing their recent achievements, conversely a Young Gen will appreciate the opportunity. A simple "thank you" or "nice job" or a pat on the back given on a regular basis or frequency can significantly boost employee morale. Oftentimes a team member will greatly appreciate the time you spent to find him at his desk and deliver the message personally.

 

4. Positive Work environment

While compensation, benefits are important, the primary reasons workers leave a company are an unorganized work environment, toxic workplaces, bad bosses and difficult co-workers. Every employee wants a clean, organized work environment in which they have the necessary equipment to perform well. When people and resources are not organized, physical barriers stand in the way of being able to work efficiently, obviously it causes stress. Try to arrange things so that people have easy access to the people and resources they need. This normally works best by organizing workspaces around the people operating the process, or the types of work that they do. The idea is to make it as easy as possible for people to do their jobs. Some employees need a personal space but none is available, try blocking off areas with furniture, screens or blinds.