Preview

Retain Employees

Good Essays
Open Document
Open Document
1099 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Retain Employees
Here is something else that can help
Businesses can improve their ability to attract, retain and improve productivity by applying the following five-step PRIDE process:
P - Provide a Positive Working Environment
R - Recognize, Reward and Reinforce the Right Behavior
I - Involve and Engage
D - Develop Skills and Potential
E - Evaluate and Measure
STEP 1--PROVIDE A POSITIVE WORKING ENVIRONMENT
Jim Goodnight is the co-founder and President of SAS in Raleigh-Durham, NC. SAS is the largest software development company in the United States. Their progressive work environment and host of family-friendly benefits keeps their turnover rate far below the national average. Jim said, "My assets leave work for home at 5:00 or later each night. It is my job to bring them back each day." Wise executives realize the responsibility for creating a positive work environment cannot be delegated. It starts at the top.
Have you ever worked for a bad boss? One of the main reasons employees quit is the relationship with their first-line supervisor. The fact is many supervisors and managers are unaware how their actions and decisions affect employee turnover. A critical aspect of an effective retention strategy is manager training. Properly trained managers play a major role in an effective recruitment and retention strategy. Managers need the skills, tools, and knowledge to help them understand their employees' retention needs and be able to implement a retention plan designed to increase employee engagement in the organization.
STEP 2--RECOGNIZE, REWARD AND REINFORCE THE RIGHT BEHAVIOR
Money and benefits may attract people to the front door, but something else has to keep them from going out the back. People have a basic human need to feel appreciated and proud of their work. Recognition and incentive programs help meet that need.
A successful reward and recognition program does not have to be complicated or expensive to be effective. Graham Weston, co-founder and CEO of

You May Also Find These Documents Helpful

  • Powerful Essays

    Since the creation of the corporation in 1976, SAS Corporation has always been an employee oriented company. They established a profit sharing plan and discretionary bonuses for employees. Established flexible work schedule and 35-hour workweek and lastly initiated employees-friendly perks - including Fridays breakfast goodies, Wednesdays M&Ms, fresh fruits on Mondays, break rooms stocked with complimentary drinks and snacks, winter company wide party, family spring picnic, family Halloween party and numerous family activities throughout the year. Keep in mind that this is in 1976 after the Vietnam era when the…

    • 1332 Words
    • 5 Pages
    Powerful Essays
  • Better Essays

    The rewards and recognition program will also save the company money, as we have lost in the past due to poor attendance, under performance, and imperfect customer service. Remember we will be presenting a rewards and recognition program that will align with our company’s strategies and business objectives. Our goal is to ultimately have everyone within the company excited about the direction we are moving…

    • 1560 Words
    • 7 Pages
    Better Essays
  • Good Essays

    The beginning to retention of a good employee lies in the training approach that an organization takes in its new employees. Keeping employee retention at minimum while…

    • 1089 Words
    • 5 Pages
    Good Essays
  • Satisfactory Essays

    Human Resource Management is very important regarding the hiring or retention process of correctional officers. The significance initially is that human resources should intently screen incoming corrections officers to ensure that these individuals backgrounds are free of undesirable actions. However, the retention of correction officers is just as important in that when feeling underappreciated qualified workers often leave for another job (Bowman, Carlson, Colvin, & Green, 2006). Therefore, an excellent human resource department can often work to alleviate workers issues.…

    • 230 Words
    • 1 Page
    Satisfactory Essays
  • Good Essays

    As already mentioned, a good reward system helps attract and maintain a highly skilled workforce, lower the rate of employee turnover, and inculcate a high performance culture. The first recommendation is that the Remington Hotels should ensure it has an elaborate reward system that award its employees’ effort and that recognizes them among other employees. According to Gagne (2014), an employee reward system encourages other workers to increase their performance once they see that effort is rewarded (p. 61). He further notes that a reward system is crucial for reducing levels of burnout among employees, which is attributed to lack of motivation for workers who place much effort in their work.…

    • 492 Words
    • 2 Pages
    Good Essays
  • Powerful Essays

    Business

    • 2037 Words
    • 9 Pages

    Staffs want to be acknowledged for a job well done. Rewards and recognition react to this need by authenticating performance and motivating staff toward continuous development. Rewarding and recognizing individuals for performance not only affects the individual being recognized, but others in the business as well.…

    • 2037 Words
    • 9 Pages
    Powerful Essays
  • Good Essays

    Motivation and Reward

    • 2527 Words
    • 11 Pages

    In today’s competitive climate lots of business owners are trying to get more from their workforce at the same time however their employees are trying to get more from their jobs. Reward and recognition programmes are one way that employers can motivate their staff into changing their key behaviors and work habits, thus benefitting the business. At the same time these schemes can also give the employee that little bit extra they are looking for from job.…

    • 2527 Words
    • 11 Pages
    Good Essays
  • Better Essays

    Designing a Reward System

    • 1049 Words
    • 5 Pages

    The ways in which I will address the nine factors of motivation would be equally and reviewed individually among each employee. Respect; each employee being treated equally and this will…

    • 1049 Words
    • 5 Pages
    Better Essays
  • Good Essays

    Jim Goodnight recognises if he is investing millions into the latest state of the art technology, best materials, then why not give the same attention and investment to the labor tasked with delivering the operations and forming the glue of the organization. SAS in its value for its employees has not only excelled against the competition, but has been able to withstand challenging economic times, when others have resorted to short term efficiencies savings through redundancies. Jim Goodnight is committed to a vision of where it sees itself, valuing its people above all else; recognition that what you put in, you get out in terms of loyalty and performance, and therefore customer loyalty; and trust built on effective…

    • 697 Words
    • 3 Pages
    Good Essays
  • Better Essays

    Creating a Social Program

    • 1545 Words
    • 7 Pages

    Salie, S., & Schlechter, A. (2012). A formative evaluation of a staff reward and recognition programme. SA Journal of Human Resource Management, 10(3), 1-11. Retrieved from http://search.proquest.com/docview/1034970120?accountid=458; http://linksource.ebsco.com/linking.aspx?genre=article&issn=16837584&volume=10&issue=3&date=2012-09-01&spage=1&title=SA+Journal+of+Human+Resource+Management&atitle=A+formative+evaluation+of+a+staff+reward+and+recognition+programme&au=Salie%2C+Saleemah%3BSchlechter%2C+Anton&isbn=&jtitle=SA+Journal+of+Human+Resource+Management&btitle= A formative evaluation of a staff reward and recognition programme. SA Journal of Human Resource Management, 10(3), 1-11. Retrieved from http://search.proquest.com/docview/1034970120?accountid=458; http://linksource.ebsco.com/linking.aspx?genre=article&issn=16837584&volume=10&issue=3&date=2012-09-01&spage=1&title=SA+Journal+of+Human+Resource+Management&atitle=A+formative+evaluation+of+a+staff+reward+and+recognition+programme&au=Salie%2C+Saleemah%3BSchlechter%2C+Anton&isbn=&jtitle=SA+Journal+of+Human+Resource+Management&btitle=…

    • 1545 Words
    • 7 Pages
    Better Essays
  • Good Essays

    I hereby certify that this paper constitutes my own product, that where the language of others is…

    • 10952 Words
    • 44 Pages
    Good Essays
  • Satisfactory Essays

    * Reinforce good performance: Catch employees doing quality work and demonstrating positive behaviors with the same effort that you catch them when performance…

    • 302 Words
    • 2 Pages
    Satisfactory Essays
  • Better Essays

    Employee Retention

    • 2434 Words
    • 10 Pages

    demanding, publicly scrutinized, but important jobs in the service of children and families in need…

    • 2434 Words
    • 10 Pages
    Better Essays
  • Satisfactory Essays

    Professionalism in Workplace

    • 6185 Words
    • 25 Pages

    The session is facilitated by Industrial Psychology Group. Target attendees for this Seminar are the Graduate School Students.…

    • 6185 Words
    • 25 Pages
    Satisfactory Essays
  • Good Essays

    reward system

    • 2548 Words
    • 8 Pages

    Once of a manager’s most important tools is the ability to select rewards and time the rewards properly. Even if managers are not solely responsible for financial rewards, they can use a number of tools to increase the effectiveness of their organization. Reward systems can address several important managerial objectives as they relate to employee motivation. A solid reward system requires concerted attention in its development. The following sections provide a basis for a well-contructed reward system.…

    • 2548 Words
    • 8 Pages
    Good Essays

Related Topics