The best employee retention strategy

Officer turnover is a common phenomenon which many organizations are facing today. The anchor for officers to stay with us is our organizational culture. For example, organizational culture at NB+ refers to a system of shared values and standards that define appropriate attitudes and behaviors for members of our organization. Our organizational culture is based around fundamental and solid human values. It  is  one  of  the  fundamental  factors  in  developing  and maintaining  a  high  level  of  organizational  commitment among employees. We think our organizational culture has  a direct  influence  on   staff  satisfaction  and  commitment, and turnover intention. However, organizational culture must be accompanied by several retention strategies, such as:

• Career Planning;
• Financial Support;
• Flexible Work Time;
• Contract Agreements;
• Rewards and Recognition;
• Employee Suggestion Plans;
• Annual Performance Appraisal;
• Mentoring / Coaching Sessions;
• Stock Investment Opportunities;
• Training and Development Opportunities.

Good employees are the lifeblood of any good organization. To this end, your business cannot afford to lose its officers or star members within its administration. It is the challenge for HR managers to identify the right retention strategies. Each employee should be assessed on a case-by-case basis according to their own circumstances (Is it a related need: welfare  benefits, personal  satisfaction, organisation  culutre, etc.) .

Good communication is necessary to generate an environment conducive to worker retention. The best way to improve employee retention is to work on the intention to stay (act upstream). So, we have to understand what the employees want from our organization, in order to consider providing it to them. Indeed, it is not possible to satisfy all the demands of all employees. But NB+tries to make employees feel that employees are the most valuable in their eyes. By applying appropriate HR practices and policies, NB+ attempts to instill this sentiment among its employees.