It refers to the palace that helps companies reduce the overall turnover rate. This plan prevents attribution, enhances performance, and fosters employee engagement. It is very essential for the company to ensure that it is aligned with the goals of the business so that it results; in higher rates of Investment.
Importance of Retain an employee
Lower employee turnover: Employees are the company’s most valuable asset; therefore, it is essential to make them stay longer.
Better investment: Employers spend much time and money finding and onboarding an employee. It is essential to retain more work from the employee in return.
Employee productivity: A higher employee petition enhances the work loyalty of the employee and results in higher productivity.
Factors that drive Employee retention
- Offer the opportunity to grow
- Assure more responsible employees
- Assure fulfilment
- Accelerate collaborations
- Support the success of the company
Tips to enhance employee retention
- Perfectly planned onboarding and orientation process of new hires
- Offer efficient packages to the employees while hiring them
- Give priority to the learning and development of the employee at employment time
- Offer them beneficial facilities like flexible timing, bonuses, rewards and recognition.
