Retaining good talent is one of the hardest jobs of company with huge amounts being spent on employee comfort, so that they do not leave the company. None of these things work when employees make up their mind to leave. For the human resource department this is a time bomb which keeps them on their toes at all times. Companies go to unbelievable extents to retain talent so that the company does not have to spend more money training new hires again. A new employee demands considerable time and resources to be trained and with every new employee, the company takes a chance with. No one can guess with just an interview if the new employee is really what she shows she is.
One of the methods of retaining old employees that work is by keeping up to promises.
Employers promise things such as increased pay once the recession is over or a new office once the company bags this deal or something like that. Keeping up to promises is one way to tell employee’s that you care for them. Take complaints seriously, no matter how stupid or redundant a complaint is, you will have to take an action and address them. If employees complain about not having enough responsibilities and requiring flexible hours, let them have it. One of the best ways to show that you care for the employees is to let them know you care about them so that they feel they are important for the organization. Group activities are fun and help in connecting employees with each other. It creates a home like environment with all employees knowing each other’s weakness and strengths along with their characters. Being transparent about the company’s status is very important for employee retention. Discussing the status of the company frequently will help in doing so and removing any fears that employees have about a falling company.