Retain Best Employee

The Benefits of Proper Employee Selection: Training, Retaining and Motivating Your Most Valuable Employees

 

According to Sean Ludwig,Companies place a high priority on employee retention since replacing employees, particularly effective ones, takes time and money. Having brilliant workers leave your firm might put a pressure on remaining employees who must take on additional work until those positions are replaced. Given these circumstances, retaining your best staff should be a top concern. Here are eight strategies for retaining your greatest staff.

  • Pay above-average salaries

One of the most apparent methods to keep your best employees is to give higher-than-average salary and perks. This might lock employees in and encourage them to remain around just for the money and benefits. You may even provide a special retention bonus as an incentive to stay with the firm.

  • Allow employees to speak their minds

While it may appear insignificant, building a culture in which workers can freely express themselves - within certain limits - may keep people engaged and motivated to stay. Many employees may be hesitant to speak out for fear of retaliation, so it's critical to ensure that staff feel safe pointing out problems they wish to see altered.

  • Show appreciation and respect

In on top of money, make it a habit to show your best staff how much you value them. This might involve publicly honoring workers' accomplishments, celebrating birthdays, awarding incentives, and offering positive reinforcement.

  • Encourage input and feedback

Employees want to know that you are truly listening and receiving their comments. Use engagement technologies like TINYpulse, Culture Amp, and Officevibe to gauge how employees are doing and feeling. Then, reply to employee feedback in a timely manner.

  • Don’t micromanage

You may have been taught previously not to micromanage people since it reduces productivity, but it can also drive off high-performing employees from wanting to stay. Micromanagement lowers morale and denies employees the ability to achieve better outcomes for themselves. 

  • Identify and invest in high performers

As your staff improve their talents, monitor their productivity and performance over time to see which ones stand out. Then strive to provide those employees with new opportunities.

  • Offer the ability to grow

It may be tempting to maintain your top performers in the same job with the same responsibilities. If they are outperforming expectations, why should they modify their approach? Employees that repeat the same jobs might get complacent. If kids ask for more or want to alter things up, take the suggestion carefully.

  • Provide flexibility

Employees want flexible work schedules well before coronavirus and remote work were hot concerns in many businesses. Flexibility may be a powerful motivator for your top employees to remain around.

A diverse group of employees sit casually in an office, smiling and talking with their manager. 

 By the state of Mary Pratt and Sharon Florentine (Mar 12,2022),Employee retention for retaining top talents are,

  1. Recognize retention starts with recruiting
  2. Identify candidates who’ll stay the course
  3. And identify those who share your outlook
  4. Provider ongoing education and clear paths to advancement
  5. Stick with remote work options
  6. Be competitive with compensation packages
  7. Deliver for your employees
  8. Engage your workers
  9. Put data (and AI) to work
  10. Be prepared for turnover

As such it can conclude that,When it comes to helping your staff feel appreciated, the first goal should be to pay them a compensation that is commensurate with their efforts and commitment. Proper remuneration is by far the most critical thing on this list since you won't be able to effectively keep staff until you compensate them for their time.

How to Retain Good Employees | FP Recruitment Company Thailand

 

 References

Ludwig S.,8 Simple ways to Retain Your Best Employee[Online],Available at :https://www.uschamber.com/co/run/human-resources/how-to-retain-top-employees [Accessed on 07th April 24]

Pratt M. and Florentine S.(Mar 12,2022),Employee Retention:10 strategies for retaining top talents[Online],Available at :https:/https://www.cio.com/article/251060/employee-retention-10-strategies-for-retaining-top-talent.html [Accessed on 07th April 24]

 

 

 

 

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