Thursday, February 20, 2014

Employee Retention Plan: Its True Value

By Sebastian Troup


The success of an organization greatly lies on its people. This is true in terms of keeping a business alive even when this time and age already calls for innovative technology and efficiently designed systems for more improved workflow. If business owners, entrepreneurs and executives want to see a workplace that is filled with productivity, initiatives and with well encouraged team they can trust nothing else but an employee who is highly motivated and talented.

It is for a reason indeed that exceptional employees stand out. To be rid of a complacent and apathetic workplace, there should be strong management and operational communication. What make enthusiastic employees are supervisors, business owners and bosses who are the same as well. So if you want a better chance at retaining employees on long terms, be sure that you engage your employees via team building activities, corporate programs to do volunteer works as well as an ever-present communication.

If you want to see your organization grow and keep it successful for a long time, you can depend on motivated employees to make this possible thus the need for employee retention plan that is efficient. For the type of work environment crossing your mind, what do you picture out? If it includes office furniture, windows, natural light and all that physical aspects but the "mood" of employees should also be part of it. To want an overall positive tone within the company is to ensure that your place is filled with happy employees. Retaining excellent employees come consequential to your ability to create a place which is positive and that they are eager to go to for work.

The core of most effective employee retention programs is a committed team aimed at being successful. It should always be made clear to everyone - from middle management to the CEO that it is important for you to hold on to the best employees. It surpasses the benefit of being without cost to pay for the search of new talents. Failing to keep your top employees fixed on you for the long term could result to your competitors achieving that instead. It should then be established that employee retention plan comes valuable for your organization to be at an edge over the competition for the top-level people to support you.

Successful employee engagement comes from communication and team building activities. By setting clear expectations for employees, you can avoid confusion about performance, earning potential and day-to-day tasks. It is also a good idea to communicate expectations regularly so that employees feel confident about their position. Saying "thank you" or showing appreciation in other simple ways is also an easy tool to keep employee relationships strong. Take advantage of team building opportunities like company volunteering events or training workshops to build a stronger connection between employees and top-level leadership.

For you to retain the best employees, you can provide opportunities for their growth and the learning or discovery of new talents and those that have been hidden. It can be effective to put your best employees at work on volunteer programs for them to thrive. You will see that when you set a "non-working" environment for your employees to get together there will be talents and leadership potentials emerging amongst them. Now this should help you find the next ones in line who can be potential leaders one day.

Employee retention plans are truly meant for gaining loyal employees. For an organization to be with loyal employees, you can find several options to use. There can be means for employees to feel appreciated for their work and for them to keep going - recognition and reward being two of them. It is also important that your organizational mission and value statement come clear to help employees understand better. Note that, financial reward is but one of the many ways to keep employees working for you. Even when they are well-paid, with a stressful and negative working environment instead of a positive one with strong relationships you will have a tough time keeping your employees.




About the Author:



No comments: