One of the biggest challenges for employers is talent retention and low employee turnover. The larger the organisation, the more likely it is to have a greater employee turnover.
However, there are some techniques that can be used to retain talent. They are:
- Positive Culture – a positive work environment stimulates well-being at work and motivation. Employees feel respected and encouraged by the organisation.
- Continued Professionalisation – offering development and training opportunities for professionals encourages learning and collaboration between co-workers.
- Recognition and rewards – employees feel flattered by the recognition of their efforts and motivated to produce mainly when their efforts are rewarded.
- Career Progression – an employee promotion program creates an expectation of professional growth and encourages employees to perform well.
- Flexibility – flexibility in the work environment provides an opportunity to balance personal and professional goals.
- Autonomy – giving employees autonomy shows the respect that the company has for the work provided.
These are some of the strategies that help to create an environment where employees feel motivated to stay and grow within the company, and mostly to support retaining talents.