Investigation Employee Strategies For Managing Staff Retention And Consulting Services

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Business 2A/B Term 4 Assessment; Written by Santieka-Ashlee Robinson PART 1 : Investigation Employee strategies (5%) 1 :INVESTIGATE EMPLOYEE RELATIONS STRATEGIES TO ASSIST YOU IN RETAINING STAFF : According to Right Management, a career management consulting firm, it costs nearly three times an employee’s salary to replace someone who has quit or been removed from the workplace, which includes recruitment, severance, lost productivity, and lost opportunities. Life Work Solutions , a provider of staff retention and consulting services, provides the following turnover facts and rates which include : •Over 50 % of people recruited in to an organisation will leave within 2 years. •One in four of new hires will…show more content…
During an employee’s first few weeks on the job, an employer should provide intensive feedback.Encourage referrals and recruit from within. Use communication to build credibility. No matter what the size of the organisation, communication is central to building and maintaining credibility. Many employers get communication to “flow up” through a staff advisory council (or similar group) which solicits and/or receives employees’ opinions and suggestions and passes them on to upper managementMentoring. Training Training employees reinforces their sense of value.Through training, employers help employees achieve goals and ensure they have a solid understanding of their job requirements Instill a positive culture. A company should establish a series of values as the basis for culture such as honesty, excellence, attitude, respect, and teamwork. A company that creates the right culture will have an advantage when it comes to attracting and keeping good employees. Foster trust and confidence in senior leaders Develop
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