People and Organisations Blogs

Figure 01: Employee Retention  (hrmpractice.com, 2017) What Is Employee Retention? Employee retention is described as an organization's capacity to prevent employee turnover, or the number of employees who quit their work, either voluntarily or involuntarily, within a given period of time. (Holliday, 2021) Why Is Employee Retention Important In HR? Employee retention can save a company's productivity. Workplaces with high retention rates tend to employ more engaged employees, who get more done as a result. Engaged employees are more likely to improve customer relationships, and teams that have had time to gel are also more productive.  (Holliday, 2021) Benefits of Employee Retention Figure 02: 10 Benefits of Employee Retention  (Holliday, 2022) Strategies to Improve Employee Retention Hire Strategically -  Investing in the right hires from the start is critical to ensuring that your recruiting and training investments aren't squandered. Indeed, bad hiring decisions account

Figure 01: Performance Management  (hrkatha, 2017) Knowing your employees well leads to a positive work culture. Employees who know each other well are less likely to fight and criticize one another. Conflicts and misunderstandings not only degrade the atmosphere in the workplace, but they also raise people's stress levels. ( Juneja, n.d ) Employers cannot be good supervisors and maintain a professional relationship with every employee unless they make an effort to get to know them. They could be excellent teachers and technical experts. They may hold regular meetings with employees in order to keep everyone up to date. However, the human element is all too often missing. Supervisors frequently overlook the importance of getting to know their employees as individuals. Great workplace leaders are aware of this. It forges bonds that enable your organization to solve big problems, face big challenges, and achieve extraordinary results from a diverse range of people. (Saviroff, 2013) 1

Figure 01: Key Performance Indicator   (D reamstime.com, n.d ) What is a Key Performance Indicator (KPI)? Managing employee performance and a company's day-to-day operations is difficult. Metrics are frequently used by businesses to evaluate employee performance and track progress toward specific goals. Employee performance objectives should be clear and aligned with the business strategy, as well as specifying what metrics will be used to evaluate and improve business outcomes. Individual employee Key Performance Indicators (KPIs) are metrics that can help you track your employees' ability to meet your expectations as well as their impact on business goals. (employsure, 2022) Figure 02: Key Performance Indicators  (The Balance, n.d ) Why are KPIs Important? KPIs boost employee morale KPIs help to support and influence business goals Personal development is aided by KPIs Performance management relies heavily on key performance indicators (KPIs) Characteristics of a Good KPI Sh