Top 4 Employee Retention Strategies that Employers Must Consider
With an increased number of employees leaving their jobs within a span of two years, implementing employee retention strategies have become truly important. Employers need to focus on developing proper employee retention strategies and therefore ensure that employees spend a substantial amount of time at a particular organization.
Succeeding in your employee retention efforts, requires you to think from the employees’ point of view. And once you have succeeded in doing so, you will automatically succeed in retaining them for a longer period of time.
Explained below are the top 4 employee retention strategies that every employer should consider implementing in order to yield maximum results.
1. Hiring right at the first place
The first step towards ensuring employee retention is hiring the right candidate. Often recruiters and employers focus on a candidate’s personality and behavior rather than the skills he or she has. While personality is important, it is also important that the candidate possesses the requited skills. Focus more on job skills and you’ll get a better fit, which is more likely to lead to a long employment tenure.
2. Do remember to measure retention
Tracking and measuring retention is very important in order to ensure employee retention strategies. Employers must remember to measure retention. If retention is not measured, it won’t improve. If you do not know which managers are working properly and which managers need some guidance, you will never be able to measure retention. Therefore, as an employer, always remember to measure retention. And if you don’t know where you stand relative to your industry, then you’re probably one of the worst.
3. Provide training to first level managers
There goes a saying that employees do not leave jobs, they leave managers. In these terms, it can be said that good managers are also crucial to retention. If a manager is good and is concerned about his or her employees’ performances, offers regular feedback and holds meetings occasionally, chances are that, he or she will be succeed in retaining his employees for a longer period of time.
4. Re-evaluate you benefits package
While compensation is a part of the benefits provided, do remember to provide employees other perks as well. Studies have proven that a number of perks like free food, conveyance, travel allowances, a good leave policy have a positive impact on employees and they choose to spend substantial amount of time within the organization.
Retaining employees in times such as these is indeed a difficult task and employers have to be on their toes in order to ensure proper implementation of retention strategies. If the above-mentioned strategies are implemented correctly, employers will definitely succeed in retaining employees for a considerable period of time.
Author Bio: A digital media strategist and a content marketer, Sampurna is passionate about writing and blogging. Working as a full-time professional writer for more than five years now, she has been lending her expertise to the online world by penning articles and blog posts on jobs and careers, HR tips and the recruitment industry. She also enjoys reading and travelling