Download as pdf or txt
Download as pdf or txt
You are on page 1of 5

employee retention programs

Benefits programs, particularly health and dental insurance, retirement, and Paid Time Off / vacation days: specifically, many employees feel that their health insurance costs too much, especially prescription drug programs, when employers pass part of their rising costs to employees.

Over-management: Employees often defined by interviewees as: Too many chiefs, not enough Indians. Workplaces that foster employee empowerment, employee enablement, and broader spans of control by managers, will see fewer complaints. A popular word, micromanaging, expresses this sentiment, too.

Human Resources department response to employees: The Human Resource department needs to be more responsive to employee questions and concerns. In many companies, the HR department is perceived as the policy making, policing arm of management. In fact, in forward thinking HR departments, responsiveness to employee needs is one of the cornerstones.

Facility cleanliness: Employees want a clean, organized work environment in which they have the necessary equipment to perform well.

Gift Certificates
Ask your employees at what local stores they shop. These are the stores from which they would most like to receive gift certificates. Keep gift certificates handy for convenient rewards and recognition. Some cities or regions ally merchants in programs that offer "one-dollar" gift certificates that people can spend in lieu of cash at any store that participates in the program.

.The culture of the organization needs to reflect the importance of retention through particular behaviours.

y y y y

Employees need to be treated with dignity and respect. Employee need to feel they have a means to deal with conflict. Employees need to feel they are treated fairly and equally. Each person needs to feel they contribute to the goals of the organization.

y The ability of the employee to speak his or her mind freely within the organization is another key factor in employee retention. Does your organization solicit ideas and provide an environment in which people are comfortable providing feedback? If so, employees offer ideas, feel free to criticize and commit to continuous improvement. If not, they bite their tongues or find themselves constantly "in trouble" - until they leave.

The quality of the supervision an employee receives is critical to employee retention. People leave managers and supervisors more often than they leave companies or jobs. It is not enough that the supervisor is well-liked or a nice person, starting with clear expectations of the employee, the supervisor has a critical role to play in retention. Anything the supervisor does to make an employee feel unvalued will contribute to turnover. Frequent employee complaints center on these areas.

Talent and skill utilization is another environmental factor your key employees seek in your workplace. A motivated employee wants to contribute to work areas outside of his specific job description. How many people could contribute far more than they currently do? You just need to know their skills, talent and experience, and take the time to tap into it. As an example, in a small company, a manager pursued a new marketing plan and logo with the help of external consultants. An internal sales rep, with seven years of ad agency and logo development experience, repeatedly offered to help. His offer was ignored and he cited this as one reason why he quit his job. In fact, the recognition that the company didn't want to take advantage of his knowledge and capabilities helped precipitate his job search.

y The perception of fairness and equitable treatment is important in employee retention. In one company, a new sales rep was given the most potentially successful, commission-producing accounts. Current staff viewed these decisions as taking food off their tables. You can bet a number of them are looking for their next opportunity. In another instance, a staff person, just a year or two out of college, was given $20,000 in raises over a six month time period. Information of this type never stays secret in companies so you know, beyond

any shadow of a doubt, the morale of several other employees will be affected. For example, you have a staff person who views her role as important and she brings ten years of experience, an M.B.A. and a great contribution record to the table. When she finds she is making less money than this employee, she is likely to look for a new job. Minimally, her morale and motivation will take a big hit. Did the staff person deserve the raises? Yes. But, recognize that there will be impact on others.

y Your best employees, those employees you want to retain, seek frequent opportunities to learn and grow in their careers, knowledge and skill. Without the opportunity to try new opportunities, sit on challenging committees, attend seminars and read and discuss books, they feel they will stagnate. A career-oriented, valued employee must experience growth opportunities within your organization.

A common place complaint or lament I hear during an exit interview is that the employee never felt senior managers knew he existed. By senior managers I refer to the president of a small company or a department or division head in a larger company. Take time to meet with new employees to learn about their talents, abilities and skills. Meet with each employee periodically. You'll have more useful information and keep your fingers on the pulse of your organization. It's a critical tool to help employees feel welcomed, acknowledged and loyal.

y No matter the circumstances, never, never, ever threaten an employee's job or income. Even if you know layoffs loom if you fail to meet production or sales goals, it is a mistake to foreshadow this information with employees. It makes them nervous; no matter how you phrase the information; no matter how you explain the information, even if you're absolutely correct, your best staff members will update their resumes. I'm not advocating keeping solid information away from people, however, think before you say anything that makes people feel they need to search for another job.

Some non-monetary rewards in the work place


1. Opportunity to Learn, Develop and Advance as an Employee. Employees understand they need to grow, learn and develop new skills in order to advance. The ability to be able to choose their assignments and rise to new challenges offered by new responsibilities. 2. Flexible Hours.

Family, children, friends, church, sports, hobbies and other activities all have demands on today's employees. A flexible schedule or the occasional afternoon off can help employees meet some of these obligations. By allowing some flexibility in an employees schedule you can increase their desire and motivation. This, to some, is considered the most important of the non-monetary rewards in the workplace. 3. Recognition. In today's high paced work environment it is reported that employees consider it very rare and infrequent that they receive recognition of their work and efforts. Think about it - What better way to have employees continue their good work and success then to offer them praise-verbal, written or ideally a public announcement or employee award? Recognition is probably the most sought after of the non-monetary rewards in the workplace. 4. The Opportunity to Contribute. The opportunity to be part of the team. To work closely with managers and management. To be involved in key decisions. To be listened to and heard. 5. Independence and Autonomy. Employees want to be able to work independently. They do not want someone constantly watching over them and questioning their every move. They like to receive their assignments preferable with the time frame required for completion and then have the independence to complete the work given the guidelines and framework you have set on their own merits. This may not be seen as one of the more obvious non-monetary rewards in the workplace, but it is definitely an important one.

Non-financial and non-pay incentives include:


y y y y y

formal recognition/awards vouchers extra holidays gifts company cars

(You are required to treat married employees and those in civil partnerships in the same way. For example, if you have a benefits package that is available to an employee's spouse, it should also be available to an employee's civil partner.)

Involve & empower your people. Gone are the old days of telling people what to do. Modern leaders set the businesss vision and direction but fully involve their teams and empower them to make decisions. Once again it makes people feel valued and feel more connected to the business, which of course helps with staff retention.

Ensure fair & consistent performance management. Performance management is not a one-off activity at the time of an annual appraisal. It is the ongoing process of giving feedback to align performance day in, day out. It is about being generous with your praise whilst being constructive and honest in conversations about under-performance. The key is to do it consistently.

Provide honest & realistic career management. Career management is all about managing peoples expectations. Listening and understanding their aspirations, offering realistic career options and then delivering on your promises. When the goal posts do move (as they often do) and you cannot deliver, being honest enough to communicate this openly will maintain the trust of your people and help retain them.

Offer a transparent system of pay & benefits. Pay and rewards should form a key part of your staff retention strategy How you structure your pay, benefits and bonus depends on your business and your market the key is that it must be clear and transparent. How much emphasis you place on these financial factors depends on the position the business is in, your marketplace and how well you promote all the non-financial benefits of working for you.

Deliver fantastic service to your employees. The key to retaining customers is to provide world-class service to them. Providing your own people with world-class service motivates them to stay. See them as internal customers. Treating them as individuals and delivering to a high standard on the above steps will make a real difference.

You might also like