Organizations can improve employee retention significantly by implementing a few simple strategies. This can, in turn, impact on the long term growth, productivity, and success of the organization positively.
It is evident that building a business culture and work environment based on employee recognition can deeply impact employee engagement and productivity. This can, in turn, will boost the growth trajectory of the organization and give it a competitive edge.
Implementing the above strategies can help in boosting employee engagement significantly. However, rather than expecting overnight results, organizations adopt a patient approach and constantly make improvements to the strategies based on the results.
Organizations have been deliberating on whether having fun at work activities make sense from the perspective of overall HR strategy Experience of most organizations have shown that having a fun-filled work environment where employees love to work and play can go a long way in driving business success.
Organizations should measure employee engagement in the right way – it can go a long way in enhancing employee productivity leading to greater business impact. The above best practices can help organizations in making the measurement process much simpler.
Building work culture and environment based on effective employee recognition programs can deeply impact the various levers of business growth and productivity. It contributes towards cultivating a positive work environment, continuous employee development, employee engagement, and stronger retention. These factors play an important role in defining the growth trajectory of an organization besides helping it to forge ahead of its competitors.
The importance of having a highly motivated workforce cannot be overlooked by organizations seeking consistent growth and success in today’s highly competitive business environment. Hence, it is not surprising that most organizations today strive to keep their employees highly motivated and engaged.
Overall, establishing a program for long service awards in the right manner can go a long way in enhancing the sense of loyalty and commitment towards the organization among its employees.
While salary, financial perks and benefits play a vital role in attracting top talent, their retention in the organization depends on the effectiveness of the employee rewards and recognition program to an extent – how their efforts and contribution are recognized and rewarded.
Integrating employee rewards and recognition with the HR strategy, helps organizations to achieve the objective of developing a talented and dedicated workforce committed to achieving organizational growth objectives.