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Employee Retention: Holding on to Talent

Training a new employee is costly and frequent turnover seems like it might break the proverbial bank. When an employee moves on, your company takes a loss. If this is all too familiar to you, it may be time to evaluate your retention strategy.

Onboarding Process, Compliance, and Culture

A successful onboarding process begins with introducing an employee to the corporate culture. According to Forbes, this helps establish comfort and familiarity in regards to the corporate politics. They’ll be able to respectfully make a place for themselves among peers while solidifying loyalty and dedication.

The onboarding process should also include the business’ compliance rules and regulations that pertain to the staff member’s job. There should be no guesswork surrounding the employee’s responsibilities or expected performance. If they feel they’ve been thrown to the wolves, so to speak, they will develop a lack of respect for the organization which could result in short term employment.

Training

Some businesses overlook the importance of training new hires early on. However, in an article by Training, it shows that without a thorough coaching program, a new employee could feel lost and unsure. These feelings can lead to poor job performance, lack of self-confidence in abilities, and a sense that maybe this job isn’t for them. You need to make time for a full training experience so that your new hire’s transition is smooth and they feel good about their career choice.

Career path and Incentive

One of the most important things is to ensure a career path for your employee. The Society for Human Resource Management states the following,“Providing identifiable career paths is an important aspect of retention plans, along with coaching and mentoring employees with high potential and moving proven performers into new roles that fit skills developed over time.”

A dead-end job that doesn’t allow for personal or professional growth will leave employees disengaged. Make sure they can see how the growth of the company aligns with their own. This way, they’ll be motivated to work hard and advance their career internally rather than externally.

About NextGen

NextGen is the brainchild of longtime telecom professionals with nearly 50 years of experience and millions of dollars in Telecom Recruiting Services. We focus on establishing long term relationships with our clients and candidates so we can recruit the best and the brightest in the telecom industry. This ‘quality over quantity’ approach is at the heart of everything we do and has resulted in successful job placements at Fortune 1000 firms worldwide.