Employee Retention Strategies
“One machine can do the work of fifty ordinary men. No machine can do the work of one extraordinary man.”
( Elbert Hubbard )
Employees are the real assets for a company. The resources which are genuinely responsible for the growth of a company are human resources. Each resource has his / her own strengths and capabilities.
Wise employers keep an eye on their staff to enhance their capabilities and make them work through different employee retention strategies. Although, they appreciate their resource’s efforts and give them a comfortable environment. Here are some strategies which can help you to retain your employees.
Orientation :
Every new hire should be set up for success from the very start, the first day of work to the first week and beyond. Orientation is important to explain about the company, its work, and its staff. So, in orientation, Manager tells you about the company, the whole idea being that company, their goals, their strategies, their departments, timings etc.
Employee Compensation :
It is very essential in this competitive market for companies to offer attractive compensation packages. That includes salaries, but also bonuses, paid time off, health benefits, retirement plans, Phone allowance, Annual increments and all the other perks that can distinguish one company from another. Every resource should have a full understanding of all the benefits they are receiving from their organization. Many companies like Ashtex Solutions are giving all these benefits to retain their employees/resources.
Reward System :
Every person wants to feel appreciated for what they do. Make it a habit to thank your team members when they go the extra mile, whether it’s with a sincere email, a gift card or an extra day off. Show some appreciation to your team, and share how their hard work helps the organization.
Training and Development :
In any company, the employee needs training according to the need of the hour. Smart managers invest in their workers and enhance their knowledge to seek opportunities to grow. Furthermore, good companies conduct different training programs and give knowledge and review on employees performance. In this world of technology, many software houses like Ashtex Solutions give technology advancement training for increasing their employee’s knowledge.
Communication and Employee’s Feedback :
Keeping an open means of communication is essential for employee retention. Your resources should feel free that they can come to you with ideas, suggestions questions and concerns. Likewise, they expect you to be honest with them about improvements they need to make in their own performance. Make sure you connect with each team member on a regular basis. You can take an annual review from your employees.
Create an Acceptable Environment :
Every workplace has to deal with unpleasant changes. Wise CEOs make announcements and allow time for their staff to ask and clear their issues and thoughts.
Go Beyond Work :
Go beyond the designations, then you get to know them better, have informal chats over a cup of tea or coffee to discuss the topics. Surely, this brings warmth to their behavior and gives them the freedom to ask questions.
At Ashtex Solutions, we care for our resources and that is why we have the lowest employee turnover rate and they are all focused for the development of this organization to make it a leading brand in the industry. To know more about our expert resources, contact us and enjoy the extraordinary services from the best resources in the industry.
