Retaining

Retaining employees by Sharon Jordan-Evans & Beverly Kaye When all the initial hiring and training have been complete and all positions within the company have been filled, managers are faced with employee retention which is a major concern in all industries. Employee retention refers to policies and practices companies use to prevent valuable employees from leaving their jobs (Jordan-Evans & Kaye, 2009). According to the article, the keys to retaining talent lie within the manager’s control (Jordan-Evans & Kaye, 2009). In today’s society managers may think that benefits and pay will retain employees however they can’t always count on money to keep valued workers who may have other employment options. When an employee is hired, employee retention starts. Managers should implement retention and act as a motivator to their employees by offering stimulating and challenging work and by creating a fun and innovative work environment. Following are some techniques managers can use to motivate and retain employees: 1. Managers should getv to know the employee and understand what motivates them. 2. Offer challenging work that will prevent employees from getting board. 3. Enrich and enliven employees work. This will entice the employee to enjoy being at work. 4. Allow employees to grow by developing their talents. 5. Nurture, encourage and teach employees how to be successful in the company. 6. Managers should assist employees with identifying retention options such as lateral moves and working on a special project team. 7. Managers should offer positive feedback that will advise employees on how they can improve and grow within the company. 8. Managers should also reward employees with individualize rewards. This action will make the employee feel valued. The success of a company often depends on retaining the best talented employees. Without talented employees a company would not be able to function at its best potential. The above techniques will aid managers in retaining employees. The techniques should also be customized to each employees job performance and be used as a retention strategy because the success of a company depends on talented employees. Jordan-Evans, S., & Kaye, B. (2009). Retaining Employees. , (), 1. doi:http://www.credoreference.com/entry/ultimatebusiness/retaining_employees