Why employee retention is a top priority for HR managers

Friday, 23 September 2011 12:56

Motivate staff to to increase retention

Boosting employee retention is a top priority for most human resource managers, with staff stability providing a number of benefits for a company's long-term performance.

One of the primary advantages of encouraging personnel to stay at your business is the cultivation of a strong knowledge base, with experienced workers able to carry out their day-to-day duties seamlessly.

This means that your organisation is not only able to run smoothly when times are good, but there are also people in place who are able to deal with problems when they arise.

Experience such as this is also vital when training new staff, with more established employees better able to effectively teach those who have just started.

Furthermore, new personnel will gain confidence if they are aware that their colleagues have worked for the business for a number of years, demonstrating to them that the workplace environment is both stable and enjoyable.

From a business perspective, it has been observed that staff who feel secure in their jobs are also more productive, with staff retention helping to boost performance levels.

Losing your best employees can be extremely detrimental, particularly if they move to your competitors, and organisations that are known for having a high turnover of staff may also find it difficult to attract the most qualified candidates for jobs.

These problems are particularly prevalent during times of economic crisis, when a 'brain drain' from a business could lead to it struggling to compete when times are tough.

This is why HR managers make it a priority to provide motivation for workers to remain with the company, which can be offered in a number of ways.

One of the main reasons given for leaving a job by individuals is lack of appreciation from their managers.

Providing incentives can help to boost morale, while also showing workers that you value the hard work and effort they show day in and day out.

There are several different kinds of staff benefits available to enterprises hoping to improve employee retention.

These include online points schemes, high street discount cards and festive season savings options.

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