As a result of the recruiting, onboarding, and training costs associated with new employees, it is essential to retain current staff members to avoid the negative effects of high staff turnover, which include lower productivity, morale, team culture, and cohesion for a business. How can you ensure you do not lose your valuable employees in such a competitive job market? For a business to succeed, retaining the right people for the right positions is critical, so engaging the right people can be challenging. The turnover of employees has a great impact on a company's culture, organisational knowledge, client retention, and bottom line.
Here are some tips that can help you improve the retention of your employees
A good manager and a good leader
This is one of the most important tips for retaining employees. A good manager and leadership within your company are crucial to your business's success because most employees will leave a job because of a poor manager. However, what does it take to be a good manager? It is important to understand that a good manager is not simply someone who tells others what to do but also knows how to communicate with their team, understand what motivates them, and use their strengths and weaknesses. It is important for managers to be aware of workloads and to manage them before they become a problem. The management team, as well as the HR consultant of an organisation, should be able to provide constructive feedback, whether positive or negative, and the views of those in charge should not be too contradictory.
Feeling valued
Regardless of their position in the organisation, employees like to know the value they contribute to the organisation and feel that their contribution is meaningful, no matter where they are. It is recommended that the HR Consultant from Industryus inform employees about the business strategy and plans, as appropriate, so they know how they can contribute to the organisation's bigger picture. The best thing you can do for your employees is to treat them with respect, show genuine appreciation and consistently celebrate their achievements, birthdays and work anniversaries in a dignified and thoughtful manner.
Great onboarding
Make it easy for people to join your business and stay there! The process of onboarding new employees and having a standardised procedure will make it easier for them to settle into their new roles within the company and understand their new responsibilities. Show them around, give them feedback, invite them to meet people and offer them training, feedback, and support to make them feel welcome. As a result of well-developed onboarding processes made by professional and experienced HR Consultant, employees are far more likely to remain with the company than employees who are left to fend for themselves.
Organisation Culture
If an organisation has a great culture, employees will likely stay there, even if the job isn't exactly what they want. Knowing your business's culture and what fits with it is the first step to embedding it from the very top of your organisation. Leaders within the company must embody the culture, so everyone knows what is expected and sets an excellent example for others to follow. It is highly recommended by the HR Consultant from Industryus to establish clear position descriptions and expectations, adhere to the company's values and live up to them, and establish processes and systems that employees are expected to follow.
This communication management software allows your employees to connect with other employees efficiently and effectively across the organisation.
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Employee provident fund- EPF form31
EPF Form 31 also known as ‘advance form’ is an application form that must be filled by an employee who wishes to withdraw funds partially from their EPF account.
Some fields must be filled by the employee and the rest by the employer and the EPF commissioner.
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The EPF form contains the following fields that must be mandatorily filled by an employee as per rules of the employee provident fund scheme 1952.
Father name/husband’s name (in case of married woman)
Read More https://indianmoney.com/articles/epf-form-31
You can integrate various functions via an interactive video, such as a button, hotspots, input data fields, 360-degree panoramic views, drag-and-drop options.Clickable tabs can take the learners to different documents or unveil more content straight in the video.
With Interactive quizzes, you can deliver more personalized feedback to every learner at the end of the module.Such videos are more engaging and provide a fun experience to the learners.
It makes the learning content retainable, enjoyable, and engaging.
In the wake of a pandemic where employees work from home, you can effectively use interactive video-based learning to train your workforce remotely.Microlearning video for delivering just-in-time informationYou can use 2-3 minute microlearning videos to deliver information in short spurts to your employees.
The key benefit of the format of video-based learning is that it can train one single process, skill, action, or concept.
You can even use microlearning videos to give updated and selected information about the latest event in your organizations or industry to keep the workforce well-informed.As these videos are easy to share within an organization using a learning management system, they facilitate learning on the move.
