Employee Retention Strategies to Retain Top Talent

Employee Retention Strategies to Retain Top Talent

Employees are the real assets of any organization. Identifying, recruiting and retaining the right employees is of paramount importance for the growth and health of an organization. A wrong choice of a candidate can be detrimental. Similarly losing a good employee also has a huge negative impact. Why Retention is Important? Employee retention is crucial as it helps firms to retain talented employees who contribute towards the growth with their knowledge, experience, commitment, and strong work ethics. Losing good employees and hiring new resources increases the costs and adds to the delays, thereby reducing the overall productivity and profitability of an organization. It also allows the competition to leverage the situation in their favor. Let us look into important retention strategies for companies. 1. Recruit Suitable People The best way to retain employees is to ensure that their aspirations are aligned with the company’s business ambition and vision. Seek out people who are highly motivated and show interest in their career growth. Those focused only on salary are a potential threat and should be avoided. Communicate with people before recruiting them to make them clear about your company’s vision and goals, the job profile and your expectations out of them. 2. Have a Reasonable Performance Metrics Employees love growth and recognition. An organization should adopt an objective approach towards performance evaluation so that there is no subjectivity or bias involved in the same. Set clearly defined goals for employees. This would provide them with a sense of direction, motivation and a clear focus. The goals should be  SMART  – Specific, Measurable, Achievable, Realistic and Timely. The performance evaluation process...
Qualities beyond Education that can get you the job!

Qualities beyond Education that can get you the job!

You must have a dream job you wish to do or that one dream company that you wish to work at, but just like you there are various other people may have a dream similar to yours. So, now the question arises how do you set yourself apart from other candidates to be a shining star before the interview panel. You must be wondering that the education qualification of all the candidates would be similar so how can I stand out among the crowd. You do not need to look very far away for the answer as we have got the answer you are looking for. For starters, education is just one of many things that a company is looking for in a suitable candidate. Besides education, there are numerous qualities that one should possess to get the job. So, let’s dive in to see what qualities you can inculcate to get that dream job of yours. 1. Communication Skills  This is no brainer that one of the most basic skills which a company looks for is the ability to communicate effectively. Effective communication not only involves the ability to communicate one’s thoughts, opinions, suggestions, questions, or answers in an appropriate and crystal clear manner but also includes one’s listening skills. 2. Team Player/skills All the achievements of the company are a result of the collective effort by its employees. Hence, it is imperative that one should have the capability to work with a team and generate great results. Being a team player won’t just give you an extra edge over others but will also help you in the long...