Organizations vie with each other for hiring the best minds and so, they invade top colleges, universities and institutions. But do these hires stay long in the organizations? The fact is a large number of these recruits stay in the organizations for a short duration and start hopping jobs. This means the job of the HR division does not stop with just hiring. They must take all possible steps for retaining thesetalents.
Employees nowadays focus on various other factors also in addition to getting hefty paychecks. Let us have a look.
1. Career path that is well defined
If employees know that there is ample room for growth and that the management will facilitate such a growth, they will be more loyal to the organization. They will genuinely engage in the steps taken by the company to grow. Therefore, the management should put in place a clear-cut development plan for the career growth of employees. When employees feel that their skills and work are valued, they will feel empowered. They will also work hard to deserve the careerdevelopment.
2. Keeping the employees motivated and engaged
Unless the management team takes steps to keep the employees motivated and engaged, they cannot achieve their business objectives. Engaged employees will be enthusiastic in doing their work and so, their productivity will be very good. They may not hesitate to travel the extra distance for helping the organization grow. This means organizations should put in place the best practices for engaging the employees. But unfortunately, most of the companies focus only on the measuring the performance of employees rather than adopting the best practices for engaging employees.
3. Work-life balance
Employers should help employees have a proper work-life balance. Of course, job demands are increasing and so are personal goals. Due to this, employees may tend to over-work. This is certain to lead to fatigue and therefore, instead of coming out with increased productivity, their performance will dip. Hence, employers should encourage employees to adopt suitable time management techniques. They should also encourage them to pursue activities or hobbies in which they are interested. But at the same time, these activities should not be allowed to hamper their working.
Not only that, employees should be encouraged to do suitable cardio exercises so they can get a good supply of oxygen. This will help them overcome their fatigue. Employers should also encourage employees for setting what is known as "Me-Time" so they can spend quality time with their family or for following their passion.
Bosses in general do not miss chances to find fault with employees or to point out when the performance of an employee dips. But many bosses fail to appreciate when an employee does a good job. If employees are appreciated for their performance, they will get motivated. This will give a boost to their confidence and they will willingly engage themselves in the efforts of the management in uplifting the company.
5. Collaboration and accessibility
In many organizations, the top management remains "invisible." In other words, employees may not be able to access them. If employees are allowed to collaborate with the top managers, their trust in the system will improve.
6. Fair reviews
Reviews should be fair which means that they should be objective. Employers can think of having a committee for reviewing the performance of employees so subjectivity and bias are greatly reduced in the reviewing process. In fact, reviews should be key milestones in the career of an employee. The focus should be on the key achievements made by the employee, her strengths as well as development areas. A lot of scope should be made available for discussion at the time of reviewing.
In short, employees' loyalty goes beyond paychecks. Employers should therefore figure out how to engage employees so they will actively participate in the process of the growth of the company.