In this article, we’ll present you with several employee retention tactics and policies, which will help you to keep your valuable personnel. And if you need more details and practical knowledge - please see what we offer on our course on HR and building CX team.
- It's no secret that salary is not the only factor influencing the loyalty of staff. There is a whole set of various social benefits which you can offer to convince a talented employee to choose in your favor. Be better than your competitors in your staff recruitment & retention strategy - health insurance, life insurance and self-development programs are important for retaining employees. There are many other benefits you can offer, such as flextime and the possibility of remote work.
- Various small incentives, like free cake, coffee, and other small items, should also play a role in the company recruitment & retention policy. These seemingly small things can improve your employees’ quality of life, and they will probably appreciate it.
- The use of various competitions and incentives will help to motivate employees. Such activities will help to keep your employees' attentive and involved in the competitive process, and this is a very successful staff retention tactic.
- If your employee has decided to quit, be sure to conduct an interview and find out his or her reasons for leaving – this employee can give you very important information. In order to clearly understand why some people leave while others remain, talk also to employees who have been working with you for a long period of time. In doing so, you can discover the main reason for staff turnover and what can be done about it.
- Give your staff in Dubai a clear understanding of their prospects. An employee will work more effectively if he/she understands what can be achieved in your company and how.
- Encourage self-improvement and self-development of your people to retain them. If you provide opportunities for professional training, it will help to greatly strengthen loyalty. The prospect of further training is a powerful factor in employee recruitment & retention.
- Remove barriers that prevent you from communicating with your employees. Regular meetings is a good practice, where your employees can share their ideas and ask questions.
- Engage your managers in the employee training process to ensure that talented employees get promoted.
- Your company has (or should have, at least) a mission, and each of your employees should understand this goal and respective policies in order to realize their contribution to the common aim and feel involved in carrying out the objectives. This is not quite as strong a factor as the previous ones, but still, it plays a role.
- Financial rewards are the key to success. In addition to direct salary increases, it’s useful to introduce a system of bonuses and other rewards – for example, annual bonuses for those who have exceeded the targets. Also, don’t forget about the promotion of your talented employees. Lack of career growth and a sense of stagnation are powerful incentives which force the employee to think about leaving.
- Each member of your staff should have a clear understanding of his/her job responsibilities and the applicable policies. This may seem obvious, but situations may arise when an employee has a very wide range of responsibilities, and there is no clear scheme that determines the order of actions to be taken.
- The last tip: if the number of employees in your company (whether in UAE or another country) is high and you cannot continue to monitor the mood of the team – hire a professional in this field. Bring on an experienced HR manager whose main tasks will be to recruit the best people, track each employee, and optimize the work of the team as well as secure employee retention to achieve the best possible company performance.