Salary Increase and Training Program: Key to Employee Retention - Essay Sample

Introduction

The organization should base the salary increment of all employees across the board and not specific units. Hence, this will help retain the current employees as well as attracting new employees from other organization to join. Therefore salary increment is recommended as it's the primary determinant of retention, where employees can either stay or leave the organization to others because of better salaries and perks offered there.

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Training Program

There should be enough training plan for employees which should be part of the organization practice. Management should, therefore, inform employees about the training plan and selection process to avoid confusion, such as pulling out of the process. Also, management should encourage employees to enroll in courses such as distance learning, correspondence. Enough training to employees improves their performance, satisfy their needs, and improve retention.

Recognition

There should be further improvements in the recognition criteria, and promotion strategy should be revised. For the illiterate employees and employees who do not have the required qualifications, working experience, ethical conduct, and years of service should be considered in the selection process. Hence, their development will be improved, and promotion to the next level is accelerated to retain non-literate employees within the organization. Introducing formal recognition systems by the organization, such as employee of the year, will act as a source of motivation.

Working Relationship Between Management and Colleagues

The organization should establish fair policies that enhance communication with employees regularly. Involvement of workers in the decision-making process should be considered as it significantly improves service delivery in the organization. Hence benefits from this policy of involving employees in decision making include employment security and employees feeling a sense of belonging in the organization.

Monitoring System

The Human Resource Department should introduce a system to monitor the employee turnover rates closely, where turnover in any organization is used to assess the human resource needs of the organization. Hence information helps the Human Resource Department of any sector in designing the best human resource strategies for retaining and attracting new employees.

References

Hausknecht, J.P., Rodda, J. and Howard, M.J., 2009. Targeted employee retention: Performancebased and jobrelated differences in reported reasons for staying. Human Resource Management: Published in Cooperation with the School of Business Administration, The University of Michigan and in alliance with the Society of Human Resources Management, 48(2), pp.269-288.

Ramlall, S., 2004. A review of employee motivation theories and their implications for employee retention within organizations. Journal of American Academy of Business, 5(1/2), pp.52-63.

Terera, S.R. and Ngirande, H., 2014. The impact of rewards on job satisfaction and employee retention. Mediterranean Journal of Social Sciences, 5(1), p.481.