These days although there are plenty of employees that are looking for a job or already have one but it’s hard to keep it because of chaining times through which we go. With the changing times, the world of employment has changed too. Just a few decades ago, a person would hold just one job their entire lives and that would be it, but with the changing times, people are looking for change and progress at every point of their lives. In such a scenario, it has become important for companies to think about how to retain employees. Retention of employees is quite important today, because good employees are getting poached almost every day today.
At the beginning I will start with my first and according to me the most important thing today in retention of an excellent employee that is a material compensation. The material compensation can be provided in various ways – either as an increment in the salary, a bonus or a payment given as recognition for the hard work on a particular assignment. Maybe it strange to put this as an employer like first and the most important but in these days, especially in our country people work for money. So if there is other company, employer, that offers to you, as employee, higher salary, bonuses and so on, you without thinking will go to for him.
Also good employees should progress, that is the basic rule of any good company. A good employee should be promoted when and if they show enthusiasm in their work and their enthusiasm is productive to the company and it gives a sense of responsibility and achievement to the person who receives it.
A good employee only becomes better if their qualifications are enhanced. There are programs in which the best of their employee force is selected for various courses and programs that enhance their qualifications and gives them relevant knowledge with which they can grow in the profession.