How can managers increase retention in their organization?
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According to an employee engagement workshop we recently did, the main factors were benefits and compensations. This might not be the same for every company though.
Give employees the time to build professional relationships in their team and in other teams they work with. Relationships build trust which is needed to work through projects and problems. Without that relationship projects and problems take longer to kickoff, work through and complete
Hire right, the first time every time.
I think that employees might be coming to your organization for the money in the first place but they don’t stay for the paycheck. It's on the manager's part to find and show them how they can grow as professionals and human beings by being part of your team/organization. You do this by supporting their initiative, identifying areas where they are weak and helping them improve so they see progress in their skills and abilities over time.
You fight for and protect them. It will replay with their loyalty and hard work.
Listen to their employees, allow them to have a voice and take to heart what they are saying. Change the culture, vision, mission and work location as needed.