GayanMara-HR-MBA24

Employee Retention Strategies Figure 1: Employee Retention (Glider, 2022) . What is Employee Retention? Employee retention is the ability of an organization to keep employees contracted and create a more stable and productive workforce   (Pratt and Florentine, 2022) . Why are employees leaving?   (Half, Robert, 2021) . i.        Unhappiness with management ii.       Lack of recognition iii.      Inadequate salary and benefits iv.      A need for better work-life balance v.       Feeling overworked and unsupported vi.      More desirable opportunities at other companies Employee retention strategies Building trust with your employees Workers look for trust and want to feel safe while they're at work. When the employees don't trust you, they won't believe you're acting in their best interests. In fact, without trust, staff felt that...

Employee Performance Appraisals Figure 1 : Modern Performance Appraisal Methods In organizations, employees are always looking for an opportunity for growth in terms of position and financial income. To ensure that each employee is given an equal opportunity to grow and improve productivity, organizations use Performance Appraisal methods. In this context, traditional performance appraisal methods fail to address consistent and continuous reviews of employee performance. The annual performance appraisals most of the time focus on employees' past performances and do not have a proper communication system to provide employees with sufficient feedback. As result organizations have become more reliant on modern performance appraisal methods to evaluate their employees. Modern Performance Appraisal Methods 1.      Management by Objectives(MBO) Management by Objectives is an appraisal method in which managers and employees work together to identify, plan, organize, and com...