Employee retention is THE key to organizational success today. While a solid overall talent management strategy will include improved recruiting processes, employee recognition, employee training, supervisory training, outplacement services and many other activities, real talent growth starts when a company implements effective employee retention processes.
Many people stress over the tight labor market … and it IS tight.
If you spend a bit more time focusing on how to make the work experience in your organization so welcoming and fulfilling that folks won’t consider leaving you, you will get several big benefits – employee retention and improved production, quality, attendance, creativity, etc.
There are lots of ways to improve your employee retention. It’s time to really to Walk A Mile In Your Employee’s Shoes. A good retention plan starts with a good design – everything from how you recruit, onboarding, train, supervise to how you provide outplacement services for those no longer needed.
Start today … better employee retention is less expensive and stressful than the alternative … you won’t regret it!!!!
PS Employee retention really is neither difficult, nor expensive. To improve your employee retention results all you need is focus and commitment. Once you understand that employee retention has as much value as shipping and receiving, for example, and act accordingly on a daily basis, you will be surprised at how quickly things can turn around. Having said that, there are no “quick fixes” in employee retention – while you will see fast improvements initially in your efforts, unless you truly commit to doing those things that help your employees know that you think THEY are important, you’ll find your long-term employee retention results disappointing.
I recommend that you start your employee retention improvement efforts by doing a “reward audit”. You need to ask your employees how they feel recognized and rewarded for doing their jobs. Most companies are shocked by the paucity of answers they get back. This is where to start … good luck!
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