Employee Retention Business Articles | June 26 Erik McCoy Jersey , 2009 Employee Retention is the most talked about subject in today's business scenario. Take example of any organization be it IT, Manufacturing, Production houses - all are feeling the heat of employee att...
Employee Retention is the most talked about subject in today's business scenario. Take example of any organization be it IT, Manufacturing, Production houses - all are feeling the heat of employee attrition and they want to have good retention rates. Gone are the days when an employee stuck to a particular organization for his life time and never left. Things have changed and so has the mindset and work culture. Employees are the Back bone of the company. In true sense they run the company because you cannot manage a company without employees and things gets worse if they leave for one or other reason. Employee retention is very important for growth of a company.
Let us first answer the question as to why Employee retention is important. Employees need to be retained because we need good, faithful, trained and hard working employees to run our business. They have acquired good product knowledge over the long run and a trained employee can handle customers better and also solve problems of peers who are new to the organization. When an employee leaves he takes away with him all company information such as ongoing projects, etc. Goodwill of the company gets hampered due to more employee turnover rate and the competitors start poking their nose to recruit best talents from them. Efficiency of work is hampered to a large extent. Let me give you an example ? If an employee leaves in the middle of an ongoing project its very difficult to fill that Vacuum and a new employee can never replace an old and talented employee so this leads to delayed completion of projects and less work satisfaction among other team members.
A lot of company's capital is invested in hiring & training an employee. Company really suffers big loss after they leave.
Now the question arises as to why an employee leaves ?
There are various reasons -
?? working conditions ?? or low growth opportunities ?? Cooperative seniors ?? cooperative peers ?? management ?? or no Recognition Appreciation ?? t Person at the wrong place ?? ss ?? salary ? and exciting job offer from competitors
When we are aware of the facts leading to attrition of an employee we can take few measures to retain them.
They are -
?? ide good working conditions and introduce positive work culture so that an employee is at ease and not stresses while working.
?? eciate all the good work and mentor him where he his wrong. He will feel at ease and will be delighted that the company cares for him.
?? management should check that there is no mis-communication between the top management and employees because a wrong message is really dangerous.
?? ible working hours for those who really need to fulfill other important personal obligations.
?? life balance is very much necessary because if an employee has personal conflict will not work and finally leave.
?? s should be given occasions and pay should be raised if an employee does good work.
?? ide medical benefits.
?? possible provide him with an insurance policy so that he feels that company cares for him.
?? uit right person for the right job because a mismatch will hamper the work and cost a lot to the company.
? n the employees from time to time so that their skills enhances and they serve the organization better
? faith in your employees and include them in in important decision making so that they feel they are part and parcel of the company.
Each and every company has to understand the needs of its employees and work accordingly. One approach cannot fit all. I feel that each and every company should devise its own methods of retaining employees apart from what is always practiced. That will really work. Try a new method and see the magic . All the best.
Global Door Locks Industry 2016 Market Research Report Business Articles | June 1, 2016
Market Research Store added a depth and professional market study report on Global Door Locks Market 2016. This report also provides more details about Door Locks Market Size, Share, Analysis, importexport consumption, supply and demand Figures, cost, price, revenue and gross margins.
Door Locks - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2016-2021
The report provides a basic overview of Door Locks industry 2016 including definitions, applications and industry chain structure. Global market analysis and Chinese domestic market analysis are provided with a focus on history, developments, trends and competitive landscape of the market. A comparison between the international and Chinese situation is also offered.
Global Door Locks Industry Research Report also focuses on development policies and plans for the industry as well as a consideration of a cost structure analysis. Capacity production, market share analysis, import and export consumption and price cost production value gross margins are discussed.
A key feature of this report is it focus on major industry players, providing an overview, product specification, product capacity, production price and contact information for Global Top15 companies. This enables end users to gain a comprehensive insight into the structure of the international and Chinese Door Locks industry.
Team Map Awareness
Thema drucken
07.09.2019 10:00
Antworten
