employee retention policies and strategies
TRANSCRIPT
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