For most businesses, hiring employees requires significant effort and expense. So for most businesses understanding their HR's role in employee engagement as a part of the retention strategy is a top priority. To understand how to retain good employees, you first need to know what they’re looking for. Today, the best employees want:
- Career development opportunities and a chance to grow in their chosen field
- Regular feedback on how both they and the company are doing
- A chance to contribute directly to the organization and be recognized for it
- Flexible work schedules that recognize their need for work / life balance
- A good salary or wage and an opportunity to increase it over time
- Benefits tailored to their individual needs
Key Strategies For Employee Retention
Good retention starts from the time you begin with cloud-based talent acquisition software for recruiting to the time they leave your company. Tweaking some of your employment and workforce management process can have a big impact on employee retention: 
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Recruitment and hiring: When there’s a good match between employees and your organization, retention is less likely to be an issue.
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Orientation and onboarding: Treating employees right in the critical early stages of employment has been proven to improve retention.
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Training and development: Training and development are key factors in helping employees grow with your company and stay marketable in their field.
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Performance evaluation: When employees know what they’re doing well and where they need to improve, both they and your organization benefit.
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Pay and benefits: While today many employees tend to rate factors such as career development higher than pay, good pay and benefits still count.
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Internal communication: Employees need to know—and be reminded on a regular basis—how the organization is doing and what they can do to help.
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Termination and outplacement: Employees who leave on good terms are much more likely to recommend your company, and in doing so, help you attract and retain future employees.
Cloud-Based HCM Technology Can Help
Human capital management technology can help bolster your retention efforts by giving you the tools to develop your strategy and streamline & improve the workforce management processes by:
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Helping managers define roles and competencies before making a hiring decision, so you are able to select candidates who possess the necessary skills and more strongly exhibit the characteristics you are looking for in specific roles
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Tracking certifications, training, competencies, and career paths, with information seamlessly shared across talent acquisition, HR, payroll, and self-service applications.
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Automating low-value tasks and facilitate managing in the moment, so you can spend more time managing, coaching, and developing employees
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Allowing managers to identify where performance goals are not being met and provide coaching
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Building mentor/mentee relationships by putting high performers and low performers together across generations and experience levels.
Contact Inflection HR today to learn how you can retain your employees in all of these key areas with one, simple cloud-based software.
