Retention of Employees

Retention of employees is very important for any company to save costs on hiring new talent and training them on their role in contributing to growth of the company.

First, we need to analyse from an employee point of view why an individual wants to leave the company in which they are working and then provide solutions like increasing their incentives based on performance, training sessions for them to upskills and contribute greater skills to the company, good work environment, other perks like travelling allowance or facility for the workplace, overall well being of employee and should be treated as an asset to a company which can help the company save its cost which will help them in long run and also created a good brand image for the company in public where its gets great reputation and many skilled individuals will look up as an opportunity to showcase their talent and contribute towards the common goal of the company.

As employee retention is crucial for the success of any organization.

Some of the strategies that companies often to retain their employees like competitive compensation, career development opportunities, recognition and rewards, work-life balance, positive work environment, employee engagement, health and wellness programmes, flexible benefits, and exit interviews to understand the reasons behind departures.

Hi everyone, I would like to share some strong points retention of employees is necessary at the workplace as per the employee ability and calibre. When As we know all depends on employees they make or break the company. At the workplace we should work as a team then we can achieve our goals single person can't achieve the Target so in my view we have to focus all employee.

We have some strong view.

1. The employee who is the best performer gives him some extra initiative and track weekly base rewards some gift like an employee of the month.

Give him some training schedule for the next label.

2. Who is a low performer do this guys service audit so that you can get to know about these employees who are performing poor?

And provide him with training where they need.

If an employee will get benefits towards their career never they will think about the live current organization. But we need to focus all staff because we believe in a team.

Thanks.

Nowadays employees are considered as an asset of the company. The company organises many events and benefit programmes to provide job satisfaction for the employees by the HR team. The main objective of these programmes and events are to retain their employees. The organisation has so much concerned about Hard working and focused employees and also about their productivity. They don't want to lose that type of employees because it effects on productivity. In today's era, the organisation has the ability to retain its employees by providing various benefits and services and it is very necessary in today's competitive environment.

Employees are the most important thing in industry or company without them nothing is going to work.

Employees are the assets of company. Company should care of employees those who have given his/her best to organization to achieve goal. Company should not loss them.

Hi Guys,

I would like to say my views, I agree with you all who says that employee retention policy is really good those who worked hard and contributes for the company growth. When we are checking with employee biodata with previous achievements, if it really good then he should deserver for it. Due to some obstacle or family prolbem or who knows its peer problem, due to some reason he/she might have quit, so we need to re-consider to hire him/her again to the organization.

Retention of employee is very much important for any organisation. Because whenever a company hair any employee then they expected lot from them that's why they are giving training and try their best to built them. But sometimes employee do not satisfy with the organisation and then they decide to live it. So in that case the organisation facing lose of money as well as time and if the employee are doing well or doing good for the organisation then it will become a great lose.

In my point of view, retention of employee is very necessary for any organization because of the following reasons-.

1. Employees are the asset to any organization, they play the role of backbone to the organization.

2. Whenever any employee joins an organization, he/she is been given induction and orientation programmes to understand the culture and work system of that organization, then the training and development is been provided to that employee so that he/she come to know about the methods and pattern which is been followed in that organization. And company spend a lot of money and time on that employee to make sure that the employee performs its best to it.

3. Sometimes it also happens that the organization doesn't want to lose that particular employee, the reason could be that the employee is giving his best to the organization and that became the reason that another competitor is doing headhunting, in that case, company offer that employee other attractive benefits or increase in salary.

So, this is few reasons why the company want retention of their employees.

Thank you.

Retention of employees is needed for any business to ride success but only when the employees are faithful and efficient. Organisations invest lots of money in the development of its employees by imparting training. But many a times employees switch organisations. In this case, it is very much needed for any organisation to delve into the core of the situation and find out the reasons of employee loss. If it is because of lack of job satisfaction among the employees then organisations should deploy efficient methods to retain the valuable employees cause it is very time consuming to train the new employees and it also takes time for a new employee to get settled into the new atmosphere. Moreover, there is always a chance of leaking valuable organisational information during employee loss. So if it is frequent then management should and must change hr policies to retain the efficient employees and not let the brain drain. Thank you.