Entering the critical post-pandemic period: economic recovery, many businesses are busy preparing strategies to accelerate organizational growth. However, in order to grow rapidly and sustainably, talent retention is also an important factor. Every success or failure of a business revolves around people as the center. So does your business have a talent retention strategy?
Let's learn 9 secrets with CoffeeHR talent retention effective in the article below!
Hiring the right people
Most recruiters assume that hiring the right people is a lot harder than hiring the best. Most of the people who are hired have one thing in common: a clear commitment and long-term commitment to their ability to add value to the organization. Businesses should look for dynamic candidates who are interested in learning and improving skills instead of individuals who only work for money or position. Set clear criteria and expectations with candidates during the hiring process to minimize mutual frustration.
Because in order to hire the right people, the candidates must fit and meet the organizational culture criteria, adapt quickly, integrate and work with people smoothly. Besides, hiring the right people can improve team cohesion. The HR department and management are easier to work with talent retention, minimizing the cost and risk of hiring the wrong person.
Build an effective rating system
With the system to evaluate the performance of each individual's task/work, businesses can know exactly what level of labor team is, how capable of working. By evaluating the performance of each employee, managers can easily recognize which employees are doing well and achieving the set targets.
Through that evaluation process, it is convenient to build a suitable training program for each employee level according to expertise and skills. Therefore, the workforce has more opportunities to learn, improve and improve themselves. In this way, employees feel respected, given opportunities, and developed, so they tend to engage with the organization more strongly. This makes an important contribution to retain talent.
>>> Don't miss: [Review] Top 10 KPI management software most effective in 2022
Employee satisfaction tracking
Perhaps many human resource managers will not expect that employee satisfaction will greatly affect the ability talent retention and unemployment rate. Tracking team satisfaction allows administrators to know where problems are congested to quickly deal with them. By monitoring employee satisfaction, leaders can make adjustments, find ways to improve their team's satisfaction through collective activities, train , advanced training.
You can refer to the employee satisfaction survey questions:
- Which form of management are you satisfied with? What is the satisfaction level?
- How do you feel about the challenges in your work?
- What are the opportunities to participate in training and advanced training?
- Are you satisfied with your current salary and benefits?
Good communication with staff
Every root of the problem stems from poor communication. Make sure that you as managers are using appropriate and effective channels or methods of communicating and communicating with employees. Leaders or people in charge of human resources need to know each employee they are managing, understand the difficulties they are facing at work so that they can provide timely support. This is one of the ways to create close attachment and effectively retain employees.
Focus on face-to-face, face-to-face conversations when possible to avoid hierarchical and cluttered communications.
Clear career path
A development path with clear promotion goals will become a driving force to work hard and dedicate yourself to the staff. When focusing on building a clear promotion path, businesses will receive significant benefits. Prepare Talent retention strategy along with a clear promotion roadmap will help the staff stick together for a long time and improve work performance significantly.
Currently, CoffeeHR - an in-depth management software that provides a set of features to help businesses quickly and professionally build a promotion route for their employees. Employees can easily see that when they want to advance to the next position, they need to have the skills, expertise and qualifications to meet the requirements of that position.
Commendation and reward mode
One of the talent retention strategyIt is important to recognize and reward the contributions of outstanding individuals. Every employee wants their boss to reward them when they do well, but not all managers know how to properly and timely evaluate employees.
Therefore, businesses should focus on building a commendation and reward system for their team. The commendation of members who successfully complete their work and exceed the set KPIs is also a way to establish a good, transparent and healthy corporate culture.
Ensure benefits and a reasonable working environment
In addition to factors such as salary and bonus, employees are also interested in the company's welfare policy and working environment. For organizations that lack or do not have a welfare regime suitable to the capacity of their personnel, they certainly do not want to stick around for a long time.
In addition to supporting human resources to develop more with a clear promotion path and motivating them with a reasonable reward system, enterprises should also build a more transparent and open working environment for their employees. employees by adopting more flexible working hours. Besides, please provide different and appropriate benefit packages to increase the satisfaction of the team Talent retention strategy This is a good investment with a long-term vision when it helps employees to balance work-life and can save more costs in the future.
Coffeehr human resource development application
Good Onboarding Process
In the process of optimizing and managing human resources, the onboarding process is the first impression for managers and HR departments to impress their new employees. This is the first step in a Talent retention strategy good.
According to Jobvite's statistics in 2018, nearly 500/1500 US employees decided to quit within 90 days from the first working day. Losing a new employee is a sign that your organization is not welcoming new employees the right way.
See more about Jobvite's system here.
Get new hires excited by cutting back on complicated paperwork to avoid the onboarding process becoming boring. Help employees better understand the way they work and the expected values of the organization to which they can contribute.
Therefore, when building a good onboarding process, businesses can promote talent retention, saving recruitment and training costs, minimizing boredom and fatigue during the introduction.
Solid corporate culture
In order for talented employees to stay longer with the business, organizations need to build a distinct and sustainable culture. When the cultural foundation is not solid, it will greatly affect the recruitment as well as the ability of members to stick with the organization.
According to a Glassdoor Culture & Mission survey, employees were still looking for businesses with cultures and values that align with their personal values, even before the pandemic hit. In fact, developing a business by building a corporate culture always brings sustainable and long-term value to the organization. Employees who do not conform to the values of the organization will feel lost, unsatisfied with their work and the current working environment will tend to leave the organization.
Sharing about strategies to retain talent in times of change
CoffeeHR has just shared with you 9 secrets to help businesses develop more smoothly and sustainably in the future Talent retention strategy long-term. People are always the core factor determining the success or failure of an organization. Therefore, focus on building and seriously investing if you want employees to stay and stick with the organization longer.
" Explore more:
- 10 Ways employee engagement Effective for businesses
- What is Turnover Rate?? 5 ways to improve the effective turnover rate
- 14 How to motivate employees The effect cannot be ignored
