A Seven-Step Guide for Organizations to Rise Above the Great Resignation! — KNOLSKAPE

What Is Employee Retention and Why Is It Important?

Employee retention is an organization’s endeavor to keep talented employees around for the long haul by fostering a positive workplace. Organizations that acknowledge the importance of employee retention ensure that their workforce enjoys healthy work-life balance, inclusiveness and accountability at work, enhanced opportunities for professional growth, and a safe environment to help employees thrive.

Why Is Employee Retention More Pressing Than Ever?

The ramifications of the Great Resignation are beyond temporary disruptions.

Some Employee Retention Strategies to Help Organizations Ease the Attrition and Rise Above the Great Resignation-

We’ve put together a 7-step guide that showcases how organizations can think outside the box with their employee retention strategies and serve the needs of today’s workforce.

  • Setting up a culture that promotes employee well being
  • Prioritizing Diversity, Equity, and Inclusion
  • Healthy employee-manager relationships
  • Lay down policies that encourage work-life balance
  • Underline employee development
  • Rethink leadership styles
  • Reward loyal employees
  • Build awareness and address unconscious bias by encouraging employees to rethink, and analyze their own biases, opinions, and assumptions.
  • Revisit organizational policies and discard the ones which by any means enable biases in the workplace.
  • Promote diversity hiring or giving equal opportunities to women in senior leadership roles.
  • Encourage clear, transparent, and effective communication that lets everyone share opinions on how they can address the processes that are encouraging biases.
  • Introducing diversity training programs for employees across the organization.
  • Implement new policies that encourage employees to speak their native languages.
  • Fostering an environment where employees feel part of a shared vision.
  • More freedom in work hours and location
  • Work from anywhere
  • 4-day workweeks
  • Flexible schedule
  • Having fewer calls/meetings
  • Providing manageable workload

How to Respond to Employee Resignation?

According to the Work Institutes 2020 Retention Report, lack of professional development opportunities, manager behavior, and poor work-life balance are the top reasons for employee turnover. Therefore, these three factors should be at the center of employee engagement initiatives. Lack of advancement opportunities is the most prevalent reason for employee exit as discussed in the report above. When employees no longer see career development opportunities with their current employer, they start feeling stuck and begin looking for a change.

Learning & Development Opportunities With KNOLSKAPE

As an L&D firm, KNOLSKAPE helps organizations build a strong learning culture by providing advanced learning and development opportunities. We are a new-age talent development company on a mission to develop future-ready leaders through experiential learning.

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