In the phase of thinning commitment and unforeseen employee fall outs, it is becoming essential for companies to keep hold of the employees. The companies are devising tools to measure employee satisfaction and the involvement level of the employees. It is supposed that if an employee is satisfied, he'll be more dedicated to his organization. It is not just a good compensation package which is essential for retaining employees and keeping them satisfied, but various other factors also are essential for employee retention.
The fundamental cause of dissatisfaction of employees is identified first. Then the organization works upon them so that the employee feels committed and involved in the organization. There should be a one to one communication between employer and employee and the employee should be taken into confidence. The reasons behind the employee's decision to leave the organization should be understood and attempts should be made to alleviate them. There should be an informal communication between the manager and the employee in which the employee's personal obligations, professional aims come in light. This helps in getting a thorough understanding about the employee and discontent if any is found should be solved as soon as possible.
There are lot of ways in which we can keep the employee satisfied, like - clearly defined targets, providing opportunities for growth and development, include the employees in decision making procerss, recognizing the employee for their hard-work and rewarding them for the same, fair and equitable treatment of all employees, allow the employee to share their knowledge with others etc.
