Hi Rajesh,
To keep the poachers at bay, organizations are now adopting the FIERCE approach of retaining star performers: Flexibility, Interest, Education, Recognition, Communication, and Equity.
Flexibility in dealing with employees is increasingly important for HR professionals to retain employees. Flexibility takes many forms including flexitime and work-at-home schedules. Showing interest in your employees' personal and professional life is another means of holding onto employees.
Education is another way to keep employees productive and happy. The training they receive—managerial or technical—should be tailored to the company's needs but designed for the specific employee. While money does matter, employees also require other rewards for their performance. Recognition of employees' performance takes two forms: team and individual.
Honest, clear, and open communication is important in keeping employees interested in the success of the organization. If a company has a good image, employees will remain with it.
HR officials should make sure that employees know the company goals, have a clear understanding of their role in achieving those goals, and are provided feedback on how they are helping the organization achieve them.
As a last step, HR professionals must tie everything together through equity. They must treat all employees with respect and fairness. That's not to say that all employees are going to receive exactly the same treatment.
Regards,
Vinay
9866254387