Retaining Your Existing Talent – Why & How?

Retaining Your Existing Talent – Why & How? Employee retention has been an issue for organizations for decades now. And, after the COVID-19 pandemic, things have only gone from bad to worse. It has now become more of a candidate-driven market, where candidates have a whole load of choices to select from, and where it is they who decide, and not the employers. Candidates have their own demands that they want fulfilled if you want them on the job. It’s no more limited to a good salary, a promotion, or a worthy job profile; there’s lots more they’re looking for in their jobs at present.

So, it’s important for employers to observe, notice, and identify the latest candidate demand trends in your industry.

If you’ve suffered from “The Great Resignation” during the pandemic, and are still seeing higher attrition rates today, we know you’re in a grave situation.

You’re fretting over employees quitting their jobs, and vexing over not being able to bring in good replacements. Well, you need to up your game now! While you can always rely on the best recruitment companies in India to help you hire, you also need to know how you can retain your existing talent. The former can be easily managed by partnering with experts like WalkWater Talent Advisors, but for the latter, there’s quite some effort to be put in.

First, identify why your employees are quitting Advertisements REPORT THIS AD

Before you get into trying to retain your employees, its fundamental for you to first identify why they’re leaving their job. Only then will you be able to measure and sustain employee happiness, so that they’re going nowhere away from you.

Some of the most common reasons why your employees may be quitting could be salary issues, no opportunities for career growth within the organization, lack of recognition, dissatisfaction with the management, burnout, desire for more flexibility, change of priorities post the pandemic, or wanting to work remotely.

Sustaining your employee happiness long-term Once you know the issues that are tempting your employees to leave, you need to work on resolving them so as to not lose out on any other good talent. And, other than that, there are many other solutions you need to develop to retain your workforce.

Begin right from the onboarding experience The first year helps employees decide as to whether or not they want to continue within the organization or not. Also, it has been researched that as many as 60% of employees are likely to leave the organization in the first year, if they have a poor onboarding experience. This means both the onboarding experience and the way they are treated and recognized within the first year are important. So, retaining your employees begins right from the time you get them onto your team. You thus need to plan for an effective and engaging onboarding experience for your candidates, making it a priority.

Build a culture of learning and development Learning and development is something that has become inevitable for employees. Nobody wants to fester in their role. Career growth opportunity is something that motivates employee engagement. You thus need to give your team the time, space, encouragement, and opportunities to upskill. In addition, new ideas, and willingness to do new things get help bring innovation to the forefront, which is another success for your business.

Practice internal mobility Achieving career goals is an early predictor of employee retention. When employees are able to accomplish their goals and targets, they are satisfied with their work, which means they are more likely to stay. And, to make this better, you can always opt for internal mobility practices. This will help moving

candidates to understand that their work is valued and recognized, meaning a shift upwards, rather than outwards.

With all these practices, you can stay on top of employee morale, and maintain employee happiness, which means you have your best employees staying with you for longer. So, if you don’t, then you need to start practicing right away!

For more information, visit: https://www.walkwatertalent.com/