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6 Sure-fire Ways to Improve Employee Retention

In Human Resources — by Trakstar

Employees who leave abruptly definitely can hurt the company’s growth, especially during the early stages. Finding a replacement, training them can cost a lot more than time and money. It might affect other employees and trigger negativity at work. So, here is what a smart business owner would do to prevent employees from leaving:

  1. Make sure you are hiring selectively from the beginning. Consider things like diligence, attitude and integrity amongst other things like academic qualification, skills and experience.
  2. Pay them right. Keep a tab on industry compensation standards. Structure the bonus and benefits well.
  3. Offer flexible work schedules. Ensure employees are well prepared to do what their job requires like travel, late nights, vacations and so on.
  4. Provide comfortable work environment and culture. Provide ample training and support new hires till they can manage on their own.
  5. Be generous with praise and recognition. Uncover strategies to reward employees when you cannot afford to do it with money. A simple thank you or a well-done note could do wonders!
  6. Give a career road map. Specify what they need to do to achieve the next milestone. Never deny acknowledging when someone meets their goal.

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Who is Trakstar?

Trakstar is a multi-product HR software provider helping organizations put the people back in people management. Develop and align your staff through better recruiting and applicant tracking, performance management, and learning management. For a more integrated solution to talent management, check out our website and request a live demonstration today.

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