Employee Retention Plan: Its True Value

By Sebastian Troup


The success of an organization greatly lies on its people. This is true in terms of keeping a business alive even when this time and age already calls for innovative technology and efficiently designed systems for more improved workflow. If business owners, entrepreneurs and executives want to see a workplace that is filled with productivity, initiatives and with well encouraged team they can trust nothing else but an employee who is highly motivated and talented.

It is for a reason indeed that exceptional employees stand out. To be rid of a complacent and apathetic workplace, there should be strong management and operational communication. What make enthusiastic employees are supervisors, business owners and bosses who are the same as well. So if you want a better chance at retaining employees on long terms, be sure that you engage your employees via team building activities, corporate programs to do volunteer works as well as an ever-present communication.

The ability to help organizations grow and be with long-term success lies on motivated employees which makes it important to offer good employee retention plan. Thinking about a working environment that an employee most probably wants, what exactly gets into your mind? Apart from the physical features including windows, natural light and furniture you need to keep in mind the workers' mood. Only a place filled with satisfied employees can generate that overall positive tone of the company. So if you want to retain exceptional employees you must learn to create a place where people want to come to for work.

At the heart of any effective employee retention program is an engaged leadership team who is committed to success. Make sure that everyone from middle management up to the CEO understands why it's important to retain the best employees. This goes beyond just avoiding the financial cost of finding new talent. If you can't keep your top employees engaged for the long haul, there is a good chance that one of your competitors will. Positioning an employee retention plan as something which is critical to maintaining a competitive edge can help you gain top-level support.

For employee engagement to be successful, communication and team building activities come into play. You also need to set clear expectations in order for confusion about performance, earning potentials and daily tasks amongst employees be avoided. You can be verbally open about expectations in order for employees to feel secured about their position. A simple "thank you" or merely showing appreciation is most effective in ensuring strong employee ties. For that stronger connection to build between the top-level leaders and employees, you can always count on team building activities such as corporate volunteering events or training workshops perhaps.

For you to retain the best employees, you can provide opportunities for their growth and the learning or discovery of new talents and those that have been hidden. It can be effective to put your best employees at work on volunteer programs for them to thrive. You will see that when you set a "non-working" environment for your employees to get together there will be talents and leadership potentials emerging amongst them. Now this should help you find the next ones in line who can be potential leaders one day.

Employee retention plans are truly meant for gaining loyal employees. For an organization to be with loyal employees, you can find several options to use. There can be means for employees to feel appreciated for their work and for them to keep going - recognition and reward being two of them. It is also important that your organizational mission and value statement come clear to help employees understand better. Note that, financial reward is but one of the many ways to keep employees working for you. Even when they are well-paid, with a stressful and negative working environment instead of a positive one with strong relationships you will have a tough time keeping your employees.




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