employee retention policies and strategies

Employee Retention Policies

There are different factors which affect employee retention, every company need to understand them. Mainly they are-

Job Satisfaction

Office Culture

Understand Employee Financial Problems

Understand employee expectations from Employer

Understand competitive employers

Understand employee strength and weakness

For Employee retention you need to work on- Effective Performance review

Talk employees periodically and get their feedback

Motivate them

Give them recognition

Financial rewards

Arrange Training for new trends in market

Offer Health insurance for employees and their family

Offer official paid time out so that they can spend quality time with family

Arrange wellness programs

Arrange official party for employees and their family

Offer gift coupon/package on special occasions

Arrange interesting events in office

Arrange picnic or interesting events outside the office

Subscribe city events and offer to employees

Offer a Gym in office

Provide best infrastructure in office

Offer food facility in office

Offer long term association bonus to employees

Make sure employee maintain good relationship with boss/peers.

Arrange exit interview and try to understand exit reasons

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From - AK