subject: Opportunities are always open to the Talented ! Why let the talent go? Tips to Retain the Talent [print this page] Opportunities are always open to the Talented ! Why let the talent go? Tips to Retain the Talent
Certain factors the employee looks while working in an organization and the ways to retain the employeeby studying these factors
Work Environment-
A healthy corporate culture of caring for the workers, community and environment will strengthen the social, spiritual capital, leading to a positive work climate of empowered and supported employees.
Clarity of Roles and Responsibilities-
Effective job design & role clarity can improve performance at all levels within the organization. Clarity in the job description decreases the ambiquity and increases efficiency in the work.'Individuals who reported higher role clarity also reported higher role effectiveness and performed better than those with lower role clarity'.
Job Satisfaction-
The employee always tries to find a match between his expected results and the achieved result. When the employee finds that he is closer to the expected results the satisafction levels of the employees increases.The heart of job satisfaction is in the attitude and expectations; it's more about how we approach towards the job than the actual duties we perform.
There are some of the steps an employee need to work for job satisfaction
Self-awareness
Challenge
Variety
Positive attitude
Knowing our options
Balanced lifestyle
A sense of purpose
Decision Making-
Employees would always like to be a part of decision making taken by the organization.We should understand those issues in order to help to plan for the strategies that will improve a company/employee effectiveness in making decisions. There are five basic points to be considered:
1. Information Flow
2. Information Sharing
3. Range of Knowledge and Skills
4. Locus of Decision Making
5. Task Performance
Rewards and Recognition-
An atmosphere that is encouraging and favourable to achieving the contributions and efforts is needed! It's a proven fact that motivated work forces are critical to a company's bottom line.By recognizing people's dedication, commitment and results -- boost their morale, increase productivity, enthusiasm and create powerful motivators.
Applause-
A form of recognition yes, but a very specific form. Physically applaud your people by giving them a round of applause for specific achievements. Where? When? The answer is wherever and whenever. At meetings or company-sponsored social gatherings, a luncheon, or in the office. At the end of a shift, before a shift, and whenever possible in the middle of a shift.
Career Path-
Employees need to know what is potentially ahead for them, what opportunities there are for growth.Employees show loyalty when they feel that they are been cared by the management.
Pay and benefits-
Compensation constitutes the largest part of the employee retention process. The employees always have high expectations regarding their compensation Packages. Compensation includes salary and wages, bonuses, benefits, prerequisites, stock options, bonus, vacations, etc. Employee benefits typically refers to retirement plans, health life insurance, life insurance, disability insurance, vacation, employee stock ownership plans,etc
Performance Appraisal-
Performance appraisal rates the employees in terms of their performance. performance analysis is a tool to measure the employee strengths, weakness,sucess failure in a specific period of time.Based on the output the employee would be sent for further training process. If the process of performance appraisals is formal and properly structured, it helps the employees to clearly understand their roles and responsibilities and give direction to the individual's performance.
Positive Morale-
Everyone feels happy when someone appreciates us.Employees want to be valued for a job well done by those they hold in high esteem. An employer should try to find out "What can be done for Employee motivation and Positive morale". Key to creating a work environment that fosters motivation are the wants and needs of the individual.
These are some of the factors for employee and talent retention in an organization.There may be many more which are to be studied.
