Saturday, 1 February 2014

Recognizing The Need For An Employee Retention Plan

By Sebastian Troup


The success of an organization greatly lies on its people. This is true in terms of keeping a business alive even when this time and age already calls for innovative technology and efficiently designed systems for more improved workflow. If business owners, entrepreneurs and executives want to see a workplace that is filled with productivity, initiatives and with well encouraged team they can trust nothing else but an employee who is highly motivated and talented.

It is for a reason indeed that exceptional employees stand out. To be rid of a complacent and apathetic workplace, there should be strong management and operational communication. What make enthusiastic employees are supervisors, business owners and bosses who are the same as well. So if you want a better chance at retaining employees on long terms, be sure that you engage your employees via team building activities, corporate programs to do volunteer works as well as an ever-present communication.

Motivated employees have the ability to help grow your organization and ensure long-term success, making it essential to have a good employee retention plan. When you think of the type of work environment an employee would desire, what does it look like? More than the physical aspects like windows, natural light, or office furniture, imagine the mood of the people in the office. Keep in mind that an atmosphere with happy employees will set a positive tone for the entire company. You want your company to be a place people want to come to work, and facilitating a positive work environment is one way to retain exceptional employees.

At the heart of any effective employee retention program is an engaged leadership team who is committed to success. Make sure that everyone from middle management up to the CEO understands why it's important to retain the best employees. This goes beyond just avoiding the financial cost of finding new talent. If you can't keep your top employees engaged for the long haul, there is a good chance that one of your competitors will. Positioning an employee retention plan as something which is critical to maintaining a competitive edge can help you gain top-level support.

The success in getting employees well engaged depends on communication and team building opportunities. Expectations must be set clearly in order to avoid possible confusion with regards to potential pay, performance and daily tasks required of them. Make your employees confident in their positions by communicating expectations regularly. Easy tools can be used such as saying "thank you" or physically showing your gratitude so that you will be with stronger employee relationships. Opportunities like team building through volunteer programs by the company or training workshops would make it easier for you to find the top-level leaders and the employees connecting more effectively.

One crucial part on employee retention is your ability to provide your best employees with chances to grow, be with new skills or to uncover those skills they never realized they had. For you to get your best employees thriving would be through seeking involvement from them in volunteer programs. When you get employees together in a different setting as opposed to the workplace, you will find each one able to showcase talents thus recognizing their leadership potentials. If you want to pinpoint those potential leaders who can be future managers, then give them volunteer programs to work on.

What an employee retention plan is meant to achieve is to secure employees who are loyal. Choices come varied in developing employee loyalty within organizations. Two of the notable ways to show employees that they are appreciated and that you wish for them to keep it up are recognition and rewards. You can help employees better understand the overall goal of your company if you are able to set clear-cut mission and values statement of the organization. Financial reward is great at retaining employees but that is just one of the many. You may still find it hard for well-paid employees to thrive if they are highly stressed and in a negative situation thus the real need for a working environment that is positive and with strong relationships.




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