Human Resource is an intensive course of Management Studies which aims to increase the performance of the employees and organization as a whole. The subject involves many strategies to achieve the goals and objectives of the company.
Employees are the foundation stone of an organization. A company’s growth is determined by the hard work and dedication of its employees. Therefore, no organization can afford to lose its employees. It becomes the responsibility of HR to retain the employees. Thus, a proficient HR should know some of the best employee retention strategies to hold on the employees.
You, as a student of HR, must know some of the best employee retention strategies to ace your HR interview.Also, your professor might ask you some of them in your assignments. Students having insufficient knowledge of these strategies take HR assignment help. Hence, if you want to excel in your professional life as well as your academic career, then here are some of the best employee retention strategies.
Don’t Hire a Quitter– Always hire the right person. Make sure that the employee is capable enough to meet the organization’s goals and objectives. For understanding a person well, ask him questions that are beyond the scope of textbooks. You can ask him about his passion, dreams, strengths, and weaknesses to ensure whether he can be the best fit for your organization. Knowing the candidates well will also help you retain them in the future.
Competitive Salary And Benefits– According to a report, around 45% of employees quit their jobs because of poor salary structure. It is always necessary to provide attractive salary packages and benefits to the employees. Along with salary, different perks, such as health benefits, bonus, and insurance plans motivate an employee to give 100% in the company.
Rewards and Recognition– Every employee wants to get appreciated when they go to the extra mile. Always make sure to pat their back when they achieve their targets or goals. You can motivate and encourage them through corporate gifts, awards, or a simple ‘Thank You’ mail. Timely appreciation will boost their confidence and faith in your organization.
Balanced Work-Life– Employees are humans, not machines. A heavy workload is one of the important reasons due to which employees start looking for other job opportunities. Working for long hours can be a monotonous task, reducing the productivity of the employees. In order to make them realize that the organization care about their well-being, you can provide longer lunch breaks, day offs, and flexible work timings.
Healthy Work Environment– A positive work environment is always essential to reduce the workload off the employees. A healthy workplace plays a vital role in determining an employee’s well-being resulting in maximizing the output of the organization. There are several methods that can be practiced in order to develop a healthy workplace, such as indulging in team-oriented tasks, casual dress codes on weekends, cleanliness in the office, etc.
Monitoring And Feedback– Never miss taking feedback of each and every employee from their team leaders or project managers. This will help you in monitoring the performance of an employee. Feedback, both negative and positive, is essential to discover the potential of the employees. Also, if possible, try to meet the employees personally during office hours to know whether they are facing any issues in the organization.
Healthy Bond Beyond Work– A proficient HR always try to maintain a healthy relationship with the employees. You can develop a healthy bond with your employees over a cup of coffee and get to know them more. We all know that during office hours employees have to maintain a formal decorum but meeting them beyond the office boundaries will help you know them personally. You can also plan a trip with your employees.
We all know that the growth of an organization is determined by the hard work and dedication of the employees. Thus, in order to achieve the goals and objectives of the company, it is required that no top performer employee leaves the company. These employee retention strategies are surely going to help you in retaining the employees.
Summary: Employees are the valuable asset for a company and no organization wants that their top performer employees to quit the job. Hence, this article highlights some employee retention strategies that you should follow to become a proficient HR.
About the Author:Marie Claire is associated with Assignment desk as an academic writer. She has done his MBA in Human Resources. Being an avid reader, she loves reading novels during his leisure time. She has worked as an HR manager with some of the best companies.