Employee retention is a process, in which the human resources are motivated and encouraged to stay in an organization for a longer period for the sustainability of the organization.
Can also be defined as, the ability an organization has to retain its employees.
Retention strategies
1.Find the right candidates
Select individuals who match the company culture and demonstrate a desire to stay around for a while.
2.Encourage flexibility.
Allowing employees to work flexible hours and also encouraging remote working, if possible, this promotes work-life balance leading to greater overall-being.
3.Create enticing programs for recent graduates.
Consider creating a program that nurtures student talent and attracts the younger population. One way to do this is by offering long-term fellowships or mentorship opportunities to help this group of employees enhance their skills. Another option is to offer incentives, such as office gym and snacks.
4.Update your technologies.
This can help improve the workflow, it is also one way to show your employees that you care about helping them.
5.Instill communication channels.
Use a platform for employees to share their ideas and communicate with other team members and employees feel connected to their organization.
6.Offer professional development opportunities.
This can include workshops, seminars and even college tuition reimbursement. It also helps employees stay updated in the industry and can help nurture employee advocates.
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