Fostering Employee Retention
“Employee retention is the ability of an organization to keep its employees satisfied, engaged, and loyal over time. Retaining employees can bring many benefits, such as lower recruitment and training costs, higher customer satisfaction, better knowledge transfer, and stronger organizational culture. Factors that affect employee retention include compensation and benefits, recognition and feedback, career development and advancement, work environment and culture, and work-life balance and flexibility. Employees expect to be paid fairly and competitively for their work, and to receive adequate benefits, such as health insurance, retirement plans, and paid leave. They also want to be appreciated and acknowledged for their contributions, and to receive regular and constructive feedback on their performance and development. Furthermore, employees seek to learn new skills, grow professionally, and have opportunities for promotion and career progression within the organization. Additionally, they value a positive, supportive, and inclusive work environment and culture, where they can collaborate, communicate, and innovate with their colleagues and managers. Finally, employees need to balance their work and personal responsibilities and interests, and to have some degree of flexibility and autonomy in their work schedules and arrangements.”
My comment, limited to 750 characters or less was:
It’s interesting that the ways suggested have nothing to do with the work. Too often, hiring managers lie about the work and the work environment during interviews. They never discuss institutional friction to accomplishing a job or series of tasks. It is why employee engagement statistics globally are so low. Honesty during the interview process will scare off some people but it will reduce turnover. From there, inspiring people (lighting a fire within them) eliminates the need to motivate them (lighting a fire underneath them). Then these cosmetics offered have a chance to work instead of seeming like putting lipstick on a pig.”
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