Key Employee Retention Programme

These days, one of the hottest commodities in business is a skilled staff. Employee retention is key to continued success for any company, regardless of size. The following suggested points (which I learnt from one article) are good for consideration as positive inputs for your strategy to retain your key staff/team member.

Step One
Determine what motivates your individual employees. For most employees, money is not the key issue; relationships, fulfillment and recognition are.

Step Two
Notice how much recognition an employee needs. Some employees can go years without praise, whereas others will leave after six months.

Step Three
Understand that many employees are motivated by their social network at work. Encourage activities that make your employees feel like valued members of a team.

Step Four
Realize that incentives don't have to be huge. A surprise gift certificate for the local ice cream parlor in the weekly paycheck will generate positive feelings.

Step Five
Make benefits more accessible. If your company reimburses tuition for college courses, have a college administrator come to your company so employees can find out about classes and programs.

Step Six
Consider telecommuting, job sharing and other flexible working arrangements.

Step Seven
Offer profit sharing incentives to encourage longevity.

Step Eight
Create clear career paths at the company.