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Succeeding in your employee retention efforts requires you to think about things from the team's point of view. All employees are different, of course, and each has unique desires and goals. But it's a safe bet to assume that all of them want to know they are being paid at or above market rates and have good benefits. They want to feel that they are appreciated by their employer and treated fairly. They want to be challenged and excited by the job they're asked to do.
An effective employee retention program addresses all of these concerns. But it also goes beyond the basics. In fact, your efforts should start on a new hire's first day on the job. The training and support you provide from Day One sets the tone for the employee's tenure at the company and boosts job satisfaction.
I would ensure employees rention by preparing and organizing the following.
1The company must have an approved succession plan
2. Performance management must be given priority , with supporting programmes such as Talent review,Objective setting
3Employee assisstance programme should be encouraged
4Last but not least,Open door policy to the managemnt, to let employees speak what they feel for the company prosperity and advancement
By improving Orginisation envoirnment and by creating employees values in my orgnisation
By identifying the performing emmployees that are performing well and giving them incentives to stay. For instance, to ensure the top-perfomers are satisfied in their work, milestones can be set the achievement of which gives satisfaction.
* Analyse your exit interviews data and find the patterns leading to employee seperation.
* Company engagement is as crutial as Employee engagement programs are.
* Implement successtion planning to ensure business continuity.
* Points by my fellow members below are quite effective.
staff are looking for their management; if the management is fair with all diversity and give them the chance to improve themself and get promoted for and arising vacancies, staff will love their company and continue
Career path and transparency between employee and employer and both party feel challenge and should work together to overcome challenge only the way to retain staff .
Financial benefit is the most motivationl tools. So, there is altenative to increase benefits to retain qualified employees.
