Valuable Lessons I’ve Learned About

Employee Retention

An organization is a type of social entity comprised of a group of people working together towards a common goal. The employees are the most important asset for any firm or organization, as without employees firms and organization will be reduced to nothing more than just a name. A group of employees will not only form an organization, but they are the ones who give the organization a certain competitive advantage.

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The employees can be on the higher tiers such as the likes of managers or something more humbler like foremen, but its these employees are what allows an organization have the ability to dominate other organizations. These employees have the skills, capabilities, behavior, efficiency, knowledge and etc required for any company to execute any plans. An organization won’t be able to achieve anything without its employees, starting from the lowest position to the very top, so it’s a great idea that they are to be retained.

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Employee retention is used to describe a company, firm, or organization’s ability to keep or retain its employees. Employee retention is not as easy as it sounds, in order to keep employee retention at a high level, certain tactics needs to be employed. This means, companies need good plans and policies in order to keep their employees. So in order for an organization to be able to keep its employees, it’s good to know why they would want to leave in the first place.

Reasons why employees leave:

Salary -One of the most apparent reasons why somebody would want to leave an organization is their salary. Money is the biggest motivating factor as to why people work in the first place. People work jobs to get money and this is why an employee would want to get out of an organization in favor of another one with better pay or if they feel like they are working to much for so little.

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General Lack of Motivation: Motivation is what drives and encourages employees to work hard to achieve targeted goals. Employees need motivation to boost morale, be it monetarily or through other means. The fervor to work hard is very important. Motivation provides exactly that.

Improper management: Good management means employees will want to stay. Poor or improper management is another factor as to why an employee might want to leave. Managers don’t have to always be strict and stern towards their employees at all times, there are some situations where politeness is best suited. Good balance is what’s recommended, managers also need to hear the voice of the employees and help them with the proper solution.

The reasons above are just the common reasons as to why employees want to leave I’m sure there are other personal reasons that might drive an employee to leave the organization.

Retaining employees is hard, but its 3 times as expensive to have them replaced so it’s better to keep them.

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