How do you retain good employees?

There is a higher turnover rate in the market now. Employees are becoming less engaged and are constantly looking out for something better – Be it better prospects or because of poor management.

There is an increasing need to retain good employees and to understand what the employees are looking for. These are some tips to improve your retention rate.

COMMUNICATION

The more communication there is, the better. It is one of the simplest form of engagement and employees would feel that they are valued and matter to the Company when the management takes some time off their busy schedule to have the meet up with them. When there is frequent feedback, employees are clearer on their roles and accountability, and can understand how they are performing.

Communication can also be in the form of outside work, when a manager care about their personal matters as well. The personal touch is what employees really value. 

FOCUS ON STRENGTHS

Generally, people want to feel good at what they do. They want to feel that they are being valued. Mangers who emphasize on employee strength instead of their improvements help employees build confidence and this enhances productivity at the work place.

Hiring the right person is key for start-ups – But how do you ensure that?

Being a start-up, your usage of resources is fundamental. You always think that the person whom you hire should and most importantly be able to contribute to the success and sustainability of your company. With this mindset, you set out in a search of looking for anyone with the skill set you are looking for.

The right people do not just come along with the right skill set, but also with other factors. You want to hire someone who will help establish the long-term success of your company.

These are other methods you could use to ensure you are hiring the right person for the start up.

Look within

That’s right! You should look within your current new hires. Being part of the team, and understanding the cultural fit – you should consider providing an incentive for your team to recommend someone else to join the team. The person they have recommended should have understood the team culture and the limitations of the company well, for them to provide some recommendation.

This is more important if you are looking to bring someone more senior into the company. Evaluate your current new hires and assess if they are suitable to have been promoted, and allowed to acquire that role.

You can also approach your customers for some recommendations, as they are the proper people who understand your deliverable.

Internship Program

Engage academic institutions to provide you interns. These interns would not just only bring about their academic knowledge and skills, but also about awareness of you as an employer. During their internship, you can assess their interest and skill set.

If there is a perfect fit, then you will be able to have a well-rounded new hire who does not require training.

Target competition

These group of people already have the skillset and knowledge required for the role. Getting your competitor’s employees is the best group to acquire with minimally training cost. However, they might be passive candidates – and if you are worried about face, you can always engage recruitment agencies like us to activate your search for you.