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Employee Retention Strategies

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laurentandbenon
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Thumbs up Employee Retention Strategies - June 20th, 2009

Retaining talented employees is one of the topmost priorities of employers today. Reasons for attrition could be the innumerable changes engulfing workplaces, like reorganization, higher performance standards and resultant high-pressure levels.

The challenge is not only to attract the best talent but also to retain them. Rising opportunities for career development, lifestyle decisions, job mobility, unbalanced work life, poor mentoring and stress are some factors which influence an individual's decision to continue or quit.

Retention can be categorized in 3 levels: Low, medium and high level.

Low level
Appreciating and recognizing a well done job
Recognizing professional as well as personal significant events
Providing benefits
Providing perks
Providing workplace conveniences
Fun at work
Occasional stress relievers
Employee support in tough time or personal crisis

Medium Level
Appreciating and recognizing a well done job
Benefit programs for family support
Providing conveniences at workplace
Providing training and development and personal growth opportunities

High Level
Promoting work/life
Understand employee needs
Encouraging professional training and development
Provide an environment of trust
Hire the right people from the beginning

By Priti Shah
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