Why Employees Leave?
Could be anything....Low work satisfaction, poor learning, individuals not aligned with
organizational goals, recognition, compensation package, no self development or any other hygiene or motivational factors.
Employee Experience and Retention
Now, more than ever, organizations need to focus on the overall Employee Experience. The
Employee Experience consists of all of the experiences an employee has, that become pivot points
or moments of truth. These experiences shape an employee’s beliefs about the company, its leaders,
the brand, and the employee’s overall success in the organization. Consider these questions:
- Does your hiring experience excite applicants?
- Do employees feel that they are learning everyday?
- When new employees are on-boarded, do they feel prepared to be successful?
- Are employees excited and energized as a result of performance reviews or do they dread the process?
- Are your employees engaged by their work and the mission and values of your organization?
- Do you understand how your Employee Experience is impacting your business metrics?
AND The most important QUESTION:
- Does the employees contribute in the growth of the company the way they would for their own company?
Start by finding out how these experiences are perceived by your employees and take the steps needed to improve employee turnover.
Before you can begin to retain employees, you have to make sure that you have the right employees to begin with.
The wall street journal suggest you “interview and candidates carefully, not just to ensure they have the right skills but also that they fit well with the company culture, managers and co-workers”.
You can also use tools to gather data on prospective employees. This data can be used to predict which job seekers would fit best within your company.
An often overlooked aspect is credit. A candidate may have items on his credit that are worth taking a look
* It may also spark a more engaged and authentic conversation about hurdles the candidate has overcome.
Remember “Credit is leverage you can use to build the life you want. It’s the way to a better job and more manageable finances. People that come to us, surprisingly, often are worried about their credit more for employment opportunities, than they are about getting a home. We find this goes hand-in-hand all the time. Better credit, better job, better standard of living”.
Ways to Retain Your Great Employees
Retaining your key resources has always been a huge challenge for HR professionals. Below are few tips one must use to Retain Talent:
1 Make sure that your Employees are aware of what is expected from them.
2 Offer necessary tools to achieve their Goals and Targets.
3 Ensure Regular Trainings to enhance skills.
4 Create an Environment open to individual views and suggestions.
5 Performance Based Reward and Recognition Programs.
6 Fair and Transparent Performance Management System.
7 Mechanism for Performers to increase their pay.
8 An environment of Equal Opportunity Employer.
You can Retain your Talent using the above tips.
Adopt Passive Approach.
About the Author Neha Gupta Vishnoi
Ambitious and result-driven HR Professional with 12+ yrs of experience in various gamuts of HR : Strategic HR Business Partner, Talent Retention and Engagement, Talent Acquisition, C&B, Performance Management, Change Management