Retaining your Employees - by Ravi Patel

 

An entrepreneurial company must hire good employees to grow the business.

 

But, hiring good employees is not enough – increasing your retention rate for such employees is even more important. What are you doing to increase your retention rate for good employees?

 

Hiring good employees is merely the first step. Giving them an effective orientation and training them continually to improve their skills and abilities is also required.     

 

Increasing the employee retention rate requires creating an environment where your employees can align themselves with the culture and feel comfortable and stimulated to contribute.

 

Motivating them with financial rewards commensurate with performance is necessary, but you also need to provide a challenging platform for them to contribute significantly and feel a sense of satisfaction.

 

Find creative ways to retain your good employees – it is not only an asset for your organization but also will also reduce employee turnover costs. 

 

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