Start the retention process when the person is still open to staying and not after they’ve already told you they’re leaving- Jeff Weiner
Do you know that employee retention is a bigger challenge than unemployment for a company? Yes! Unemployment witnessed a reduction, but employee attrition saw an increase. The retention reduction has a negative impact on the organization as it weakens its day to day function due to staff loss. It affects the business of all sizes and not just the bigger ones.
When employees leave the organization without highlighting their replacement refers to employee attrition. Imagine the cost of recruiting, and the company has to bear it every time an employee leaves. Therefore, undeniably, the company needs to reduce the attrition to save the company’s expenditure. Unhappiness is not the only reason employees absent themselves from work. This shows the decrease in the employee engagement. There are various factors involved that provide the impetus for the same. Therefore, any business must identify the root cause of their action.
How can you reduce employee attrition?
Here we will discuss how we can manage it!
Fair compensation and additional benefits- Lower salaries encourage employees to switch to better-pay companies. The positive impact of the additional benefit is a no-brainer; it will help maintain the competitive advantage as employees will choose your organization over other’s Take care of work-life balance- Lockdown has buoyed the importance of work-life balance as the definition of quality life has changed. However, employees still have to overwork, which can lead to burnout. If companies take care of employees’ work-life balance, they will feel valued. Impact of the same will be seen in the employee’s work
Offer flexibility- Flexibility not only has a positive impact on retention but also on creativity. If the company is not offering flexibility, employees will switch to other companies.
Reward and recognize employees- One of the essential assets of the organization should be valued. Employees’ efforts and hard work should be appreciated by a tangible reward and recognition.
Had it been easy, companies would already be doing it. However, there is something that can make it easier for organizations to do so, Employee Monitoring Software. Employee Monitoring Software, as the name suggests, helps monitor employees of the organization. Software is installed on employees’ desktops and provides the required information to the HR department making decision-making easy. Modern problems require modern solutions. The employee monitoring app also allows the human resource department and employees to take care of their responsibilities.
Employee Monitoring Software provides the following employee monitoring tools: Number of hours an employee was active
The productivity measures of We360.ai represent an employee’s productive and unproductive activities, which can help decide the additional benefit along with reward and recognition.
If the employee is overworking
Employee monitoring software of We360.ai highlights when an employee is over-working not just to the organization but also to the employee to prevent burnout.
Attendance System for remote employees
Automated attendance of We360.ai where the employee just has to punch in and out rather than logging in at a stipulated time allows flexibility. It also helps in keeping track of attendance of employees working remotely.
With experience comes improvement. The slightest realization of the depth of the need can also bring a significant change in the organization’s culture. The upshot of that those who take action without delay might have an added advantage. Employee monitoring software can be one of the robust employee retention strategies for organizations. We360.ai helps the organizations with the above mentioned employee monitoring tools.
