HOW TO IMPROVE EMPLOYEE ENGAGEMENT & RETENTION

For the past two years I have had more individuals calling me about leaving their jobs in search of an employer who provides growth support and opportunities.  Money has never been the top issue.  These employees wanted to learn new skills and have a chance to move up the corporate ladder.  When working the same job for long periods of time and sometimes given more work to do without a change in job title that reflected their increased responsibilities, employees felt they were no longer valued or respected.


This topic actually follows up on last week's blog.  When using an "effective hiring process", which should be part of a company's Talent Management Program, assessments or evaluations should be made with each talented employee as to his/her career potential.  As this is done, a career development program should be identified for each employee, noting the person's interests, passions, and potential skills.  (Keeping in mind that not all employees desire to climb the ladder or go into supervisory or management positions.)


By providing appropriate training and coaching to identified employees, these people can help to drive your organization forward, growing it and themselves.  In response, you/the employer should be able to increase salary or add other perks or benefits that your employees will value.  In fact, you are encouraged to talk with your employees for ideas that would be personally valued by them.  (For example, an educational retirement planning session that is impartial and has no sales pitch can help the employee [& possibly include the spouse] in order to better prepare for a sound and reasonable retirement.)


Retaining good employees by developing and implementing a good Talent Management Program is well worth the time and money.  Losing good employees cost companies a LOT of money!!!  Where investing in your good employees can boost your company's bottom line substantially.  Start with a good hiring process, and use a Talent Management Program to retain and engage your employees.  Remember that a BIG factor in all this is "Listening".  If you need help in any of these processes, don't hesitate to contact Compass Career Management Solutions.