Retention strategies are policies and plans that organisations follow to reduce employee turnover and attrition and ensure employees are engaged and productive long-term. The key challenge for businesses is ensuring a retention strategy aligns with business goals to ensure maximum return on investment.You can’t expect employees to function like robots. When an employee’s work and life balance is out of whack, there’s pain. If your employee feels like she spends most of her life working instead of living, the job becomes the bad guy.
Consider the aviation industry, and the struggle airlines are having with a pilot shortage. There simply aren’t enough pilots to fill the airplanes, and a looming retirement wave of seasoned pilots promises to make the problem worse.
Airlines have been working at several solutions, with one being fairly obvious: offer better salaries than can be found elsewhere in the industry, and tempt pilots away from other airlines or from corporate aviation. This, in turn leads the Air Force to increase salaries for pilots, a kind of trickle down effect that will ultimately have the worst impact on those companies unable to compete with such salaries.Through employee surveys, direct feedback, or paying attention to industry trends, find out what is a point of frustration for employees in your industry....
https://rplg.co/24c144b0