Hi Sherya,
Motivation and recognition can play a crucial role in reducing attrition. Not all career-minded individuals may be motivated solely by financial rewards; some may prefer recognition through promotions, awards, certificates, and appreciation letters from top-level management.
To establish a personal connection, it is essential to engage with them, inquire about their families, check on their well-being, and acknowledge their positive attributes. Inviting them to lunch or dinner with their reporting managers and senior management can foster a positive relationship. Additionally, surprising them with gestures such as being the first to wish them on special occasions like birthdays or anniversaries can boost morale.
Furthermore, consider implementing monthly performance-based awards to recognize employees. Utilize allocated funds for these awards rather than personal expenses. Personally, I find motivation in receiving recognition from top-level executives such as the CEO, COO, VP, or Director, which encourages me to dedicate myself to my role and reduces thoughts of seeking opportunities elsewhere.
Regards,
Satish