Employee Retention


Employee Retention - Rising to the Great Business Challenge

If your employees are silent - beware.  Your best and brightest may be on their way out.

 

We've all heard this message through one medium or another, but what can be done?  The good news is that many effective strategies are right at your fingertips.

After seeing this area of concern and pain for many small business owners the HR Coach Research Institute conducted a five year research project identifying critical pressures on the business sector within SME's of 2 - 200 employees.  Some of the findings identified an overconfident business market in relation to market and profit as well as a growing concern regarding productivity, performance improvement and employee retention.  Unfortunately the results showed us that staffing issues were getting worse.

 

 With 42% of Australia's private sector employment currently employed in the business sector, the corporate sector will always ramp up efforts to poach employees, creating a harsh reality that some small businesses face - being forced out due to staffing issues.  BUT business owners who proactively address their people and process issues can survive and even flourish within this environment and culture.

So how do small businesses' compete and rise to the great business challenge of retention and engagement?  Some simple yet key areas to focus on would be:

  • Addressing People and Process Issues
  • Planning

You Cannot Measure What You Don't Measure

This age old business adage rings true and the question is posed; if effective employee management and retention is so critical to a businesses' success then why aren't HR Plans with relevant measurement tools being developed?  The most simplistic answer is most SME's don't know how and unfortunately this lack of knowledge can limit a businesses' growth substantially.

At this most simplistic level effective HR Planning must start with measurement, some examples to start with could be;

  • Employee Productivity
  • Employee and Employer Satisfaction
  • Workflow Effectiveness
  • Employee Retention and Turnover

With these benchmarks in place as well as a comprehensive framework like the HR Coach STAR Workplace Program a HR Plan can then be devised to address critical issues, simply and effectively.  To find out more about Employee Retention, STAR Workplace Program or Team Satisfaction Processes for employee retention and improving performance and profitability, please contact your local HR Coach or the HR Coach corporate office on 1300 550 674

 

Download our white paper here; Retaining Employees


Write a comment

Comments: 0

About Us

HR Coach Australasia is a national professional services group of over 130 Network Members committed to creating value by improving the alignment of people with their business strategies.  The group has a strong and established reputation that is built on a history of understanding, objectivity and practicality.  Our clients are organisations of all sizes, operating in most geographic locations in Australasia from all industries.

 

Share with your Friends!

 

HR Coach Australasia

Suite 4/ 236 Arthur Street

Newstead, Brisbane

QLD, 4006

Tel: 1300 550 674

Email: business@hrcoach.com.au