Sunday, March 9, 2014

Recognizing The Need For An Employee Retention Plan

By Sebastian Troup


People are at the core of any successful organization. Although innovative technology and highly designed systems can improve workflow, it is the people that truly keep a business alive. As most business owners, entrepreneurs, or executives know, there is virtually nothing more valuable than a motivated, talented employee who can be trusted to produce quality work, take initiative, and encourage others.

Exceptional employees usually excel for a reason. Strong management and effective communication are essential to avoid a complacent, apathetic workplace. It's important to remember that enthusiastic employees typically respond to an enthusiastic supervisor, boss, or business owner. By engaging employees through team building activities, corporate volunteering programs and effective communication, you have a better chance retaining employees for the long haul.

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.

At the heart of any effective employee retention program is an engaged leadership team who is committed to success. Make sure that everyone from middle management up to the CEO understands why it's important to retain the best employees. This goes beyond just avoiding the financial cost of finding new talent. If you can't keep your top employees engaged for the long haul, there is a good chance that one of your competitors will. Positioning an employee retention plan as something which is critical to maintaining a competitive edge can help you gain top-level support.

The success in getting employees well engaged depends on communication and team building opportunities. Expectations must be set clearly in order to avoid possible confusion with regards to potential pay, performance and daily tasks required of them. Make your employees confident in their positions by communicating expectations regularly. Easy tools can be used such as saying "thank you" or physically showing your gratitude so that you will be with stronger employee relationships. Opportunities like team building through volunteer programs by the company or training workshops would make it easier for you to find the top-level leaders and the employees connecting more effectively.

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.

What an employee retention plan is meant to achieve is to secure employees who are loyal. Choices come varied in developing employee loyalty within organizations. Two of the notable ways to show employees that they are appreciated and that you wish for them to keep it up are recognition and rewards. You can help employees better understand the overall goal of your company if you are able to set clear-cut mission and values statement of the organization. Financial reward is great at retaining employees but that is just one of the many. You may still find it hard for well-paid employees to thrive if they are highly stressed and in a negative situation thus the real need for a working environment that is positive and with strong relationships.




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