Keeping Your Employees
An organization is a type of social entity comprised of a group of people working together towards a common goal. And organization or firm is nothing but just a name without its most valuable asset, its employees as the employees are what allows the company to achieve its goals and hit target results. A collection of employees will not only make an organization, but they provide the organization a competitive edge.
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The employees can be on the higher tiers such as the likes of managers or something more humbler like foremen, but its these employees are what allows an organization have the ability to dominate other organizations. These employees have the skills, capabilities, behavior, efficiency, knowledge and etc required for any company to execute any plans. An organization won’t be able to achieve anything without its employees, starting from the lowest position to the very top, so it’s a great idea that they are to be retained.
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Employee retention is used to describe a company, firm, or organization’s ability to keep or retain its employees. Employee retention is not as easy as it sounds, in order to keep employee retention at a high level, certain tactics needs to be employed. This means, companies need good plans and policies in order to keep their employees. But the best way to address a problem is to know it’s roots, that is why the best way for an organization to keep its employees is for them to know the reasons why they want to leave.
Reasons why employees leave:
Pay grade -One of the most apparent reasons why somebody would want to leave an organization is their salary. To earn money is the main reason why people work in the first place. People work to earn some money, that’s why people look for jobs and there will always be the tendency of a person leaving an organization for an organization with better pay for practically the same work or if they feel like they are being too underpaid.
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Low Morale : Motivation is the personal encouragement of an employee to chase goals and achievements. Employees need motivation to boost morale, be it monetarily or through other means. The fervor to work hard is very important. That is what motivation provides best.
Poor Management: Managerial skills is what makes employees want to stay. Lack of managerial skills will only cause the number of employees drop down at a constant rate. Managers don’t need to be strict at all times, there are some situations that requires politeness. Its absolutely necessary for managers to hear the voice of the employees, listen to their problems and help provide a better solution.
These are just common reasons as to why employees, there are other personal reasons as to why an employee might want to leave and go about looking for another job.
Retaining employees is hard, but its 3 times as expensive to have them replaced so it’s better to keep them.
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