Page 19 - BOSS Today Issue 56
P. 19

BOSS Today      #47






                                                                               3. Recognition Incentives
                                                                               Everyone likes a ‘Thank you’ and it may
                                                                               be beneficial to include a recognition
                                                                               incentive, such as praising your
                                                                               employees for great work, presenting
                                                                               your employees with a certificate
                                                                               of achievement, or announcing an
                                                                               employee’s accomplishment at a
                                                                               company meeting.
                                                                               4. Open Communication
                                                                               Look at what your company does
                                                                               regarding communicating with your
                                                                               employees. Consider adopting open door
                                                                               policies, open workspaces, and giving staff
                                                                               undivided attention. Many companies
                                                                               understand that having good lines of
                                                                               communication is a key element in the
                                                                               success of a company’s collaboration,
                                                                               and the nurturing of a more creative
                                                                               workforce.
                                                                               5. Match Expectations,
                                                                               Responsibilities And Rewards
                                                                               When employees feel that their efforts
                                                                               are not recognised or rewarded, or that
                                                                               their work is not contributing to the
                                                                               bigger picture, dissatisfaction can set
                                                                               in. Everyone on the team should know
                                                                               what is expected of them, how they
          Listening to those who have had a   recognition, good employee/manager   will contribute to the company, and
          beneficial experience of working with   relations, overall job satisfaction and   be appreciated when they meet those
          candidates at previous companies can   the commitment of the company to its   expectations.
          help mitigate risks.              employees.
                                              Here are some strategies on how to deal   6. Embracing Other
          4. Simplify Your                  with challenges in employee retention and   Working Practices
          Recruiting Process                what employees expect and value from a   Consider other working practices, such as
          If you want to attract top talent, you   company:                    hybrid working, which represent a strong
          need to ensure that your recruiting                                  desire by employees for more personal
          process is as simple as possible. Top   1. Professional Development  freedom to work when, where and how it
          performers are busy people: they do not   Training and development should help   best suits them. Employees won’t accept
          have the time to complete lengthy online   employees grow, not only professionally,   the traditional office going forward and
          applications that ask for information   but personally. When we join a new   now require better wellbeing, work-life
          that is already on their CV, attend five   company and position, putting our best   balance and flexibility – representing a
          rounds of job interviews and wait weeks   efforts in, we also expect to develop new   new “will of the workplace”.
          to hear back from you.            skills that will provide us with new and
                                            better opportunities.              It is important that we develop strategies
          Retention                                                            that align with employee’s expectations
          If you look at the retention of employees,   2. Benefits Package     and help them achieve the work-life
          it not always about numbers. Instead, it   Look at your benefits package. This includes   balance we all strive for. In the end, the
          relies on employing effective strategies to   anything that is not a part of a salary but   cost of lost turnover is more expensive
          keep your talent. There are many variables   will make employees feel good about the   than the price of keeping your existing
          which make up an employee’s loyalty to   company: for example, benefit packages   employees satisfied and committed.
          their company and money does not always   such as gym or car allowance, health
          play the most important role. There is   insurance, paid sick leave, performance   For further information, please contact
          always the consideration of other things,   bonuses, meals and snacks, a retirement   your BOSS HR Adviser. Details can be
          such as having a clear career path, gaining   plan and professional development.   found at bossfederation.com/HRcontact


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