Question

Discuss how you would reduce the turnover.

Answer 1

Ans- Tips to Reduce the Turnover-

• Hire the Right People- The Best Way to reduce the Turnover is to hire the right people which ensures you to not leave the organization. It can be done when you define the role of employees and yourself.
• Fire People who don't fits- Those Employees should be fired who don't follow the advice and bad fit for the culture. It doesn't matter how much effective the employees are for the organization.
• Encourage Gratitude and Generosity- Encourage the pro social behaviour in the employees. When the Employees get the opportunity to connect with each other through the expression of gratitude and the acts of generosity, employees will be more happier, healthier and less likely to fly the coop.
• Recognize and Reward the Employees- Show your employees by giving them value, recognition and celebrate their success and efforts by rewarding them. Firms make it specific, supported by giving the tangible rewards.
• Offers the Flexibility- Today Employees are not able to maintain the work life balance which impacts their retention. It is found that the 76% of the Employees and 80% of the Managers has the flexible arrangements that had the positive effects on the retention. So, by giving the Flexibility to the Employees, employee turnover can be reduced.
• Give Attention to the Management- So Many Leaders interest in the engagement that is limited to the engagement surveys result. That's why, You have to save your most energy by taking the actions based on the results and build the engagement culture in your company to reduce the employee turnover.
• Prioritize the Happiness of the Company- Happiness of the Employee is the key indicator of the Empoloyee Satisfaction, allignment with the values, absenteeism and more. Invest in the Happiness of the Employees by paying them more dividends for productivity, engagement and retention can reduce the turnover.

So, this was about the tips to reduce the turnover.

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