Retention
Read few good Chats exchanged and gathered some Valuable information to share:
As we all know the top 3 reasons why do employees Leave
1) Career Growth
2) Compensation
3) Work Environment
What does this means to Company why retention is Important:
Cost of Training , Hiring takes time then the new employee will take time again to settle and Deliver the desired productivity . All this is OPPORTUNITY LOST.
AS a manager you can do a lot in retention as follows :
1) Listen to them
2) Act on their suggestion , at least listen and try to analyse why they have given such suggestion .Don't Ignore just because you "FEEL" its not important.
3) Involve them in Decision making
4) Recognise them immediately for the Job well done.
5) Share Credit
6) Always ensure that the employee gets the vibe you trust him/her
7) And always be accessible for them
Read few good Chats exchanged and gathered some Valuable information to share:
As we all know the top 3 reasons why do employees Leave
1) Career Growth
2) Compensation
3) Work Environment
What does this means to Company why retention is Important:
Cost of Training , Hiring takes time then the new employee will take time again to settle and Deliver the desired productivity . All this is OPPORTUNITY LOST.
AS a manager you can do a lot in retention as follows :
1) Listen to them
2) Act on their suggestion , at least listen and try to analyse why they have given such suggestion .Don't Ignore just because you "FEEL" its not important.
3) Involve them in Decision making
4) Recognise them immediately for the Job well done.
5) Share Credit
6) Always ensure that the employee gets the vibe you trust him/her
7) And always be accessible for them
2 comments:
Nice one. people donot leave firm, they leave their managers. Nice blog, keep up the good work. are They crisp and to the point.
however somehow this particular point had never been true for me. I had moved on from all 3 companies where I was working with the Best Managers I could ever get ; Late Mr.Venu in GuljagInfotech who was amazing manager , unfortunately he is no more . In Infineon was with Uma when I left and she is a Role Model for me. And last one in Nokia I was with Vishnu and till date have never seen such a great Manager a person under which each Nokian would have wished to work. These were the people with whom I had worked while moving from these companies and I respect them to core.
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