Difference between revisions of "Employee Retention"
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Dr. ToddHarris’s research has identified 10 specific tactics that can minimize employee flight risk in a resurgent economy, and help to ensure happier and more productive employees. | Dr. ToddHarris’s research has identified 10 specific tactics that can minimize employee flight risk in a resurgent economy, and help to ensure happier and more productive employees. | ||
Here’s a brief summary of each retention tactic: | Here’s a brief summary of each retention tactic: | ||
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==Related Best Practices== | ==Related Best Practices== | ||
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*[[Employee Training]] | |||
== Resources == | == Resources == | ||
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Dr. Todd Harris, Director of Research at [http://www.piworldwide.com PI Worldwide]. | Dr. Todd Harris, Director of Research at [http://www.piworldwide.com PI Worldwide]. | ||
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Latest revision as of 14:23, 16 July 2015
Dr. ToddHarris’s research has identified 10 specific tactics that can minimize employee flight risk in a resurgent economy, and help to ensure happier and more productive employees. Here’s a brief summary of each retention tactic:
- Be Strategic—Identify the talent pools within your organization that are most critical to your future success;
- Work the Data—Measure and analyze potential drivers of employee turnover; be sure to look at both internal and external factors;
- Hire Right—Make sure you have a process in place to hire people with the requisite knowledge, skills and abilities to be successful in a given job;
- ‘Embed’ Your Employees—Foster a workplace environment that allows employees to develop a rich and satisfying professional relationship with co-workers;
- Check Early Interactions—Give new employees clear and ongoing support from the beginning, and check in regularly to ensure that they’re gaining traction;
- Pay Attention to High Risk Groups—Some employees are a greater flight risk than others; give special attention to them;
- Identify Growth Opportunities—Superior growth and development opportunities can reduce turnover; make sure the each employee has a professional development plan;
- Develop Great Leaders—Managers play a key role in employee retention; make sure that your managers foster employee commitment;
- Monitor Employee Satisfaction—Regularly monitor employee satisfaction, by both quantitative and qualitative means;
- Work on Job Design—Design jobs to promote interdependence, feedback from others, social support, and interaction with those outside of the organization.
Related Best Practices
Resources
- "The Science and Practice of Employee Retention" by Bill von Achen, Best Practices for Business website - the article summarize 10 specific tactics to improve employee retention
- Wikipedia page on Wikipedia:Employee Retention discusses various theories, models, tools and best practices (several are also cited above).
- U.S. Equal Employment Opportunity Commission has "Tips on Employee Retention" lists several best practices, some of which are cited above.
Author
Dr. Todd Harris, Director of Research at PI Worldwide.