- Posted by Vidcruiter
- On December 15, 2012
- 0 Comments
- applicant hiring system, applicant recruiting system, automated reference checking, talent management system
Retaining talent has always been more cost effective than continuously sourcing new talent. For many years retention has been one of the most important HR facets. Retaining the best people does not only mean growing abilities to their full potential, but it also means cashing in on keeping their talents and their contribution to the bottom line. What about competitive advantage? There are instances that success and failure of organizations are dependent on their top pool of talent. It is not only their offerings, or the strength of their brand in the midst of its competitors. It has to do with the quality of the people that is keeping the company together. Sustain your success by keeping the best people on your payroll. Here are some employee retention principles that you can apply to make sure you are always on top of your competition.
Retention and employee engagement
Retention is doable when employees are continuously engaged with the company. Retention is more than just providing a good workplace and equitable wages. It also has to do with keeping employees connected with the organization. They must feel they are part of an ongoing journey with the company. They must be able to identify with the role of their jobs in forwarding organizational goals. Employee engagement gives people reason to keep on working, to keep on giving their best. Many organizations fail to give their employees a look into the direction of the company and their employees’ ever important role in seeing through that direction to the very end. Engage your top talent. Remind them why it rocks to work with you. This will give you the ability to seize opportunities fast as your workforce is expecting action – lots of it.
Clearing up expectations
People in organizations often get out because they feel they are not given the chance to deliver what are expected from them. Top caliber talents go out because expectations are not clearly relayed denying them the chance to be at par with ideal performance. Whether you like it or not this happens a lot. Workers with potentials get tired of the staleness of daily work. Managers must be able to communicate clearly expectations and balance that out with an objective mindset to measure performance with very clear metrics. This provides people the push that they need on either side of the spectrum – they are held accountable, and they will be duly rewarded when they do deliver. Cleared expectations can boost morale as it allows people to link their daily tasks to the success of the organization.
Address developmental needs
When people are given the chance to grow and provided avenues by which they can be the employee that they want to be, they have higher loyalty to the organization. Organizations need to be sharp to the desires of their top talents. This does not only retain them, it also appreciates their value and help in improving the competitiveness of the organization. People who are continually reaching their professional aspiration are people who are also contributing more to the bottom line. And that is often more important than the retention measures itself.
To learn more about how you can improve your hiring with a leading HR recruiting software go to www.vidcruiter.com.
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