Not just hiring, retaining talent is crucial too

While on one hand the organizations are coping with the global economic uncertainties, the other side of the coin shows a dearth of good talent in the marketplace. Under such circumstances both hiring and retention of talent becomes vital for the survival of any firm.

 

As we all know an establishment is made by its people. When these individuals get together and collaborate as a team the organizational vehicle functions in a smooth manner. Any glitches or slowdown means that the vehicle either stops functioning or requires more push to function. In contrast, like a well-oiled vehicle when the team works in a better manner it ensures better output. The story remains similar of organizations of any size. For smaller organizations and start-ups, getting the right people and retaining them becomes even more crucial due to the scale of their operations. Any gap which is not filled in time can lead to immense lose in productivity and profits. Research shows that companies are losing top talent by not adopting some basic trade-tricks.

 

 

 

 

Communication

 

Communication tops the list due to obvious reasons. Many employees are unable to understand their role and responsibilities as they struggle to clearly understand their work expectation. A proper understanding can be achieved through two way communication between the employers and the employees. Two-way communication not only helps in clearing out doubtful situations, it also enables employees to freely share their views and opinions which can be beneficial for the growth of the firm.

 

 

 

Motivation

 

We all know that motivation is intrinsic to every activity and plays an extremely vital role in maximising employee productivity and efficiency. This in turn acts as a catalyst in the growth and development of the company or the enterprise. Therefore, It is imperative for any organization to constantly work towards keeping their employees motivated.

 

 

 

Reward & Recognition

 

Rewarding and applauding are perhaps the easiest yet the most forgotten means of employee motivation. Recognition brings with it a sense of ownership and encourages employees to work towards their set goals. It has been observed that team recognition enables groups to bond better and create a positive environment. It works as an esteem booster and makes employees liable for their work and subsequent growth.

 

 

 

It is important to note that contrary to popular belief, reward need not always be in terms of incentives or allowances. A simple pat on the back or a good job done mail can do wonders for an individual or a team.

 

 

 

Understanding employee aspirations & goals

 

For an establishment it is important to recognize the goals and aspirations of its employees. By recognizing employee ambitions, the firm can create a sense of loyalty and make individuals feel part of the bigger establishment. People need to know that their future matters to the firm and its management for them to stay back and put in their best in their work. In addition it helps if the goals and aspirations of the employees can be matched to those of the establishment.

 

 

 

Empowering Employee

 

A number of times firms give their employees the responsibility to do some work sans the authority. Empowering the employees to make certain decisions as well as take charge for getting the expected outcome is essential. Merely by delegating work and not ensuring optimum freedom can lead to management disaster. Empowering employees makes them feel like an integral part of the working family and encourages them to go that extra mile. Various surveys prove that employees that are able to have control over the work environment have a higher level of job satisfaction and tend to stay longer with a firm.

 

 

 

Conclusion

 

Employees are a company’s greatest asset and go a long way in making a firm successful. Building a good team can be a task but constant changes are required to ensure productivity and efficiency. Collective ideas, feedbacks and enthusiasm for work can help a business grow and succeed in today’s competitive environment. While many people naturally lead and give their best to their work in any circumstances, others require the guidance of skilled managers to lead them to growth. Employee satisfaction is related to how connected an employee feels to the firm and hence it becomes the responsibility of the management to keep employees engaged and encouraged.