When it comes to keeping employees, you don’t have to guess what will work. Find out from your current and former employees! Employee Satisfaction Surveys and Stay Talks allow you to ask people exactly what would make them stay. Output surveys can help you figure out why they are leaving. What are the best practicies for retention of the employees.
Employees who have had negative new job experience have a double chance of seeking new opportunities shortly. Employment should take place soon and should be reviewed frequently. It ensures that it meets the needs of both the employee and the organization. Do not allow employees to be burned and overworked.
Flexibility and ensuring a healthy work-life balance can motivate employees to maintain higher performance. As with many other things in life, moderation is key. Suggest that employees turn off work phones in the evening. Also, ask that communication occur only in very time-sensitive situations after a specific time of the evening. If you don’t regularly adjust your remuneration plan, you may lose candidates for two reasons.
Pallav Nadhani Co-founder and CEO of FusionCharts, speaks on some of the Best Practices he follows at his ventures for retention of the employees.
For instance he says its all about the DNA of the founders and how they communicate the same.
Aligning with the vision of the company
Being critical in a positive way
Shared belief are some of the key elements in retaining the employees
Startup 101 is a series of videos about various questions that will answer all your questions related to building your product, raising funding and legal requirements.