Strategies for employee retention
Retaining the employees is key to the
success and long term growth of your business. Managers are of the opinion that
it does increase customer satisfaction, improve product lines and enhance
organization learning. The question is if managers are aware of this, then why
do they behave in such a manner that the employees leave their jobs.
Employee retention
The bottom line is that employee retention
does matter. If you are at loss of words to retain your best employee it means
a lot of loss to the organization in terms of training along with productivity.
Estimates indicate that loosing a middle level manager means that an
organization goes on to loose nearly 100 % of the salary. What worse the loss
of a senior executive is all the more worse.
It is one of the main reasons for the
effective health of your organization. If you are losing critical members in
your organization, then be assured that other members are too looking to fill
their team as well. It is the exit interviews where you can have a first hand
knowledge on why employees are looking to leave an organization. Hence the data
and you are bound to have a data which is important to retain the health of
your organization.
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