It has been a well-known fact that many factors affect employee retention. Generally, what an employee experience could be the deciding factor if he should or should not stay. The optimal way to improve employee experience is to provide the customized employee solution, based on the different needs and preferences of the individual employee.
Create a career planning for each individual employee
What is that that employees have chosen to work in your organization and what are they looking for, going forward upon joining? It is common for one to think that career advancements are one of the more prominent reasons, and this should be accounted for by having a career planning for each individual employee. Career planning need not be a vertical climb, but sometimes lateral growth is deemed to be more important to employees, who are seeking for more exposure.
The career planning should be properly documented, where the plan aims to motivate and employee employees. Companies, with a clear and proper documentation with regards to their career planning and have a proper communication with regards to their goals are more likely to stay in the company.
Employee Recognition and Feedback
I am sure you have come across companies who allow you to just work tirelessly and when you realize that what you do becomes very routine and mundane. This is important for employers to recognize that people wants to understand how well or how poorly they are doing. If your employees are not performing as expected, you should also have an aligned action plan to allow them to understand what they can do to improve themselves. Employee feedback should also not be done on an annual basis, but a very regular one so to ensure employees are aware that they have an impact in the organization.
The reward system implemented should also be fair in giving out to those who have earned their rewards. Companies should also be offering different rewards to meet different needs of individual employees. Rewards given should also be properly communicated so other employees are able to give the recognition as well. The company’s culture would also be to celebrate employee’s success.
Getting to know your employees on a personal level
Knowing your employees on a private level, would make them have a sense of belonging. It gives them on a deeper impression than their employers care about how the feel or what is going on in their personal lives. The friendship developed, would also cause any long-standing employee to reconsider when thinking of moving on to greener pastures.