Employee Retention has been a huge issue lately. As discussed in my previous blog, the millenial generation has increased the turnover rate for corporations in recent years. But now corporations are learning that expectations of employees has risen over the years. These days, people want more from their jobs. Opportunistic employees want the best paying job that offers them security. With emergences of new industries, new jobs have opened as well. If your employees see that a job pays them more or offers them more security, they are more than likely to go for another occupation.
Giving your employees the positive reinforcent they need that lets them know they dont only work for you, but that you are working for them too, will help retain some employees. Compensating people by what they deserve rather than what's cheapest for your company is important too. While management has their eyes on employees, employees are watching management also. It's important to encourage a friendly and happy work environment in any and every industry. Curving the turnover rate requires more effort from management. Realize that you expect certain things from your employees, but now they have expectations of you, and if they are not met, they will seek new employment.
link to follow
http://humanresources.about.com/od/retention/Retention_of_Employees_Tips_and_Tools_for_Employee_Retention.htm
I agree with that positive reinforcement can go a long way in regards to motivating employees. Positive words will let the employees know that their work and contribution is appreciated and an asset to the company.
ReplyDeletePositive reinforcement is a wonderful way to encourage employees to stay. By creating an environment where employees feel valued makes them want to continue to work for that company.
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