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Retention, human resource management - Essay Example

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The article “Special Report on Rewards & Recognition: Getting Personal” by Shepherd published in September 2010 discusses one of the popularized organizational issues pertaining to human resource management in modern times when the pressure to cut costs is increasing.
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Retention, human resource management
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Retention, human resource management

Download file to see previous pages... these localized incentives might work towards retaining the most efficient employees of the organization. The idea is not about spending more time on these incentives but lie son designing effective programs that are workable. According to the human resources’ vice president of Great American Insurance Group of Cincinnati, “We want that manager feedback, that peer-to-peer recognition. It becomes very personal” (Shepherd). Such programs also help the colleagues to be familiar with each other better. Apart form the decentralized programs and practices there are centralized programs, which applies to all the employees fitting a particular criterion. For instance, such incentives might be based upon the length of service period. Some employers however like to mix up both centralized and localized incentives for a better outcome. This again requires training of managers such that they might implement and design the incentive programs effectively. A survey reveals that around 27 percent of the firms arrange such training programs for managers. An example is provided in case of Everett Clinic where the managers are happy with small but personal rewards, which might not be expensive but are effective. These are expressed in the form of gift cards, Caught in the Act cards, Pat on the Back cards for different levels of skills and competence. The upper level of hierarchy provides the support for such programs in both financial and no financial terms. According to the company, their employee satisfaction is around 80 percent. In fact budgetary constraint is not the only motivation behind such programs. Such retention practices encourage creativity for developing such programs some of which gain instant recognition. Employers even resort to the use of social media such as Facebook and Twitter to appreciate their efficient employees. This helps in gaining public appreciation for these employees. Thus the article mainly talks of tapping the employees’ ...Download file to see next pagesRead More
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