Happy employees are more creative and productive. They are also less likely to quit. Being transparent and honest with your employees helps them feel valued and respected.
Employee turnover is a symptom of deeper issues that have not been resolved, which may include low employee morale, absence of a clear career path, lack of recognition, poor employee-manager relationships or many other issues. We need to address all these short commings and retain the human assets which is the invested capital of the Organization. You need to retain the best employees as they are the back bone of the Organization.
Hire the right people. Right people for the right job will enhance the satisfaction level and hence they will not leave the organisation. Give them opportunities.They will get the feeling of being needed and they would contribute more. Offer them benefits. Employees Wellbeing is another factor retention. You have to exhibit the feeling of trust in them. Create a great work environment. Let the ambiance be of commitment,hard work and success.
Prioritize a work-life balance to keep the employees happy and retaining them.what you do may not be what the employees need or want.Providibg the appropriate things at the right time has a better impact. Establish two-way feedback.
Happiness can not always be bought by money.There are other factors that contribute to happiness. Ensure to keep team members happy without offering monetory benefits : prioritize work-life balance. Make employees part of the big picture.
Be transparent and honest. Offer more vacation time. Encourage two ways communication. Create a career pathway. Promote a positive work environment. You need to etain your employees as they are the heart of the Organisation.Recruiting new employees frequently would increase the cost and impact the company's image. Encourage more praise and recognition. It's not always about money or tangible extrinsic rewards.
A boost in creativity, productivity, and service quality have been directly linked to employee happiness and all serve a company's bottom line. Happiness creates increased efficiency in the workplace and overall employee
The question comes how to retain the human capital which is the capital of the Organisation.
Make sure employees know what you expect from them. Provide quality management or supervision.
Provide a platform for employees to speak their minds freely within the organization.
Allow employees to use their talents and skills.
Tools, time, and training should be their best friend.
Retention of a positive and motivated employee is very important for the organization's success. High employee turnover increases the expenses and also has a negative impact on the organization’s morale. Implementation of an employee retention program is an effective way of making sure that the pivotal workers remain employed while balancing and maintaining job performance and productivity.
Employees who enjoy what they do and the atmosphere in which they work are more likely to remain employed with their organization over a longer period of time.
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The employees should get a feeling that they are needed in the company.Their contribution is being appreciated and recognised.They are well taken care of and their value addition is recognised, appreciated and awarded. Once this is established by the Organization you have happy employees who will never leave the organisation.
