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Retaining talented workers - Essay Example

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Each company should work towards ensuring that its human resources are given the appropriate motivation and environment that enables them to produce the best results for the company (Cardy & Legnick,…
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Retaining talented workers
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Download file to see previous pages The current economic crisis also increases the probability of talented employees moving to bigger and more established companies. This paper will assess different ways of employee retention and reduction in the turnover over talented professional.
In specialized professions such as engineering which have a demand; employers have to ensure that their employees are given a well structured career path and the ability to advance in their role both for the company and their personal growth. Many employees often leave when they feel they do not have the possibility to reach higher standards both financially and professionally as they are often kept stagnant in their career. Talented employees are always looking to improve their role and financial position hence, the first aspect that can be implemented involves bonuses depending on the duration which one has been employment. Money may not be the central motivation for all employees; however, it also has a role to play in keeping the employees satisfied.
A survey was carried out among middle aged managers to assess the different factors which determine whether they stay or leave company. The following factors were found to be the most relevant: challenging and interesting work, ability to meet personal commitments, good relations with the owners, good culture and values and the opportunity for career development. Career planning is an aspect which the organization can use to help an individual remain with the company and at the same time improve his professional status.
One of the main focuses of career planning is to aid employees and enable them to match their personal aspirations to what the company can realistically offer them. One way to do this is by facilitating career growth through assisted education. This enables the employee to increase his qualifications throughout his or her career and hence enables him or her to occupy higher posts within the company. The company benefits ...Download file to see next pagesRead More
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