Four functional tactics for retaining the current workforce

Resources and time invested into retention of the current workforce will pay off in the vast majority of cases. Just think how much it costs to find and train new employees. This article will describe four traditional, time-proven and generally applicable techniques for retaining your current employees for as long as possible.

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Enough self-development opportunities

According to HR Morning, sufficient opportunities for self-development and a wide range of ways to develop oneself are among the most basic needs of ambitious employees of the sort your company certainly desires. Restricting employees and not giving them the opportunity to expand professionally in a direction where they would like to be is bad not only for the given employee but also for the company itself.

Justice and public recognition

It is very important to be fair in your treatment of employees  If, for instance, someone in the company is only trying to usurp the success of others without working hard on the projects and they succeed in this deception, it may result in frustration of those who really did play a role in the success. Employees also need public recognition at times when they know they genuinely deserve it for their hard work.

Rich benefit programme

Your system of benefits should cover the whole wide spectrum of needs and preferences of all your employees. Do not just assume what the employees prefer; instead, ask them directly using questionnaires and surveys. In all cases, benefits should be the same for everybody: their quality or quantity should not be derived from the position or seniority of individuals, as this might turn into another potential source of frustration or sense of injustice among the staff.

Deeper meaning of work

If you put aside such parameters as financial conditions, benefits or time flexibility, you still have to keep in mind that the ordinary person spends so much time at work that in most cases they do care about whether their job has or does not have some deeper meaning. An increasing number of employees are interested in how they actually help humanity with what they do. So offer your employees a vision, share with them the priorities of your company, and try to be a more socially responsible and useful employer.

 

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Article source HR Morning - American portal for HR managers
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