A Guide for Human Resource Professionals | Page 24
The Business Case to Hire Experience
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RETAINING EXPERIENCE
INVEST IN YOUR BEST
Simple, Inexpensive and Effective Retention Strategies
C
orporate culture should inspire and RETENTION STRATEGIES
encourage employees to engage
To determine the best ways to reward your
and grow within the organization. employees, start by asking your staff what
motivates them and, if possible, customize
Think of what you have invested in your
their incentives.
employees: Training, salaries, benefits,
trust and knowledge, among many other
FLEXIBILITY
contributions.
If work flexibility is key for your staff
and operationally viable, look at ways to
In exchange, the employee provides
incorporate flexible hours, alternative work
expertise, acts as an ambassador for the
schedules or telecommuting. Make returning
company with customers and clients,
from a sabbatical or leave of absence as
motivates other employees, and goes that
easy as taking one. What does flexible
extra mile to help the organization succeed.
retirement look like? Flexibility is particularly
valuable when hours need to be reduced
The loss of an employee creates a
out of necessity or to phase-in retirement.
huge void in an organization. That void
Many companies allow employees to
is felt more acutely as key talent pursues
make adaptations to their job roles and
new opportunities or retires. Succession
responsibilities. Sometimes small adaptations
planning needs to begin long before an
to work schedules can be the difference
individual retires.
between a productive employee and a
vacant position.
Creating the right employee environment
doesn’t have to cost a lot of money.
BENEFITS
Regardless of age, employees respond to
Within the benefits context, flexible
both tangible (paycheque, benefits) and
intangible (connecting to the meaning behind spending accounts (FSA) can provide a
practical alignment between corporate
their work) motivation.