Employee retention is an important concern for many organizations. What can organizations do to help retain...
Employee retention is an important concern for many organizations. What can organizations do to help retain employees? What is a talent management approach to employee retention?
Homework Answers
Ans. Things that organisation can do in order to retain employees are :
1. Providing them Competitive salary package with additional benefits.
2. Providing them small Perks from time to time.
3. Giving them adequate hike in their salaries.
4. Appreciating and rewarding the good performance.
5. Maintaining a healthy environment in the organisation.
6. Involving them in decision making process.
7. Facilitating open communication between employees and management.
Etc etc.
Talent management approach to employee retention involves retention of the talented and efficient employees by focusing on four major factors : Compensation , Environment , Growth , Support . Focusing on these factors ensures that talent in the organisation is retained and managed effectively.
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