Retaining employee should be the priority of every business. As a matter of fact, using strategies to retain employee should be the most important job of the manager. Unfortunately, this turns out to be a greater challenge to the manager than most things, as today's employees have become more and more expectant of benefits, challenges, and respect.
This should always remember startup founders that employees are critical. Tragically, most business organization don't always remember this until a problem arises, and that's typically too late. Fortunately, you can implement the following employee retention strategies, so that you won't need to worry about losing any employee.
Hire Retainable Employees
During the initial process of interviewing your employees, look out for those that are willing to stay committed and diligence with your company and not just that, but also for the company’s growth. How can you know their impression? Through critical analysis in identifying their skills, personality, background, consistency, talent, experience and the main characteristics you seek for from them.
Selecting the best employee that is retainable always come from this procedure, this also precedes the act to enhancing a high-performance environment in your organization. An ethical employee will be concerned with the growth of the company as sustainability is their watchword. Watch out for such kind of employee.
Provide Adequate Resources and Support
For excellent performance management for employees, every employee needs resources; you need to provide materials and resources that will prompt professional service with full competence. More result will be put in place if you can conduct mental and moral support for your employees as well.
Try to also conduct a review of every team members every first half of the year in order to address personal issues and concerns. You should also assess their progress at the workplace, and then invite them for feedback because this is part of providing support effectively.
Make Personal Retention a Priority
How do you make personal retention a priority? By asking, simply ask your employee: “what motivates you?” This is another strong strategy that needs immediate action in order to retain your employee.
You might be surprised to find out that monetary value will be very low on your response list. This is because every individual is been motivated by personal kind of things; these things come in different diversities in which your question identifies. Simply implement their opinion by supplying what motivates them in order to get outstanding results for future modification.
Get to Know the Reason for Under Performance
The reality remains the same; under performance is an unavoidable experience that every business organization undergoes. However, this doesn’t guarantee the loss of any employee. Whenever you notice a reduction in the performance of your employee, make thorough findings and get to the root of the issue.
This action facilitates true employee retention strategies. Probably, an employee gets a promotion to a position that he/she is not capable of handling, training and coaching are the solutions to tackling such situation, and other situation might be personal. Make sure you make a deep research amongst every individual and find a profound solution to every issue.
Read more about hiring and firing employees on TechCo