Employee retention Essay Example | Topics and Well Written Essays - 1750 words

Employee holding - Es place ExampleOne of the first things a smart set abide implement to retain employees is to advance benefits both tangible and intangible. According to the article His chisel assist employers hold on to their staff High turnover can be termsly. Consultant says its vital to offer respect, good pay, retirement plan by Kasandra Kyle the most principal(prenominal) thing that a potential employer can offer a new employee is good pay, respect and a retirement package . These benefits help overhear employees comfortable in their current position and will retain an employee sometimes even when another job offer with a more lucrative offer comes around. Another fringe benefit is the flexible give-up the ghost schedule. Although this is not practical in all cases, if it is at all possible it serves as an excellent retention strategy.Offering tangible and intangible benefits are essential, but it is imperative to work diligently to keep strength trained staffers. The low turnover of maintaining skilled employees offers the benefits of low turnover and positions companies for growth. The author goes on to say that the cost of training specialty staffers can cost the company valuable time, enormous finances and slowed production (Kyle, 2008).Although it is important to offer workplace benefits at your larger companies, it is dire to offer those benefits at a small business. The article, work benefits are strategic in small business states that recent study performed by MetLifes annual Employee Benefits Trends study shows more than half (55%) of smaller employers, those with fewer than 500 employees say benefits play a very important role in employee retention. However, there is contradictory results as the study goes on to reveal that but 34% of workers at smaller employers say the benefits they receive are a very important source to remain with their employer, versus 53% at larger firms. In addition, just 37% of employees at smaller cor porations say they are