Strategies for Enhancing Employee Retention and Motivation in Small & Medium Enterprises

Dear All,

I run a Small & Medium Enterprise with an employee strength of 60. In today's dynamic era, all people tend to go for big brands/companies to work with. In such a situation, I would like to know what I should do to retain my good employees with me for the long term and how I can keep my entire team motivated. How can I increase a sense of belongingness in them? It's very crucial for me to know.

Please help,
Shruti

Hi Shruti,

The best way to retain employees is through a family-oriented approach. In addition to competitive pay packages, you should also focus on welfare measures to ensure that employees are happy to work with you. Employee engagement is crucial; be attentive to their needs and offer support during critical times, such as the loss of a close relative. Assist them in securing seats in schools and colleges by establishing partnerships with educational institutions. Visit employees' residences and involve their families in organizational development initiatives.

Organize family-oriented events like family days and celebrations. Arrange competitions for employees’ spouses and children to foster a sense of community. Implementing these strategies may yield positive outcomes.

Regards,
Kamesh

Dear Mr. Jacob,

Thank you very much for your helpful and valuable feedback. This will definitely help me streamline certain HR activities in my company. I hope to have more such helpful blogs from your side.

Thanks & Regards,
Shruti