First, it’s important to understand the importance of employee retention. It’s no secret that for many companies, employee retention is the most important function of human resources management, yet many organizations do not address this issue.
Second, there are some good practices in HBR Case Solutions that will allow you to take proactive steps towards employee retention. These include:
Get to know your employees and their feelings. Identify the “weak links” within your workforce, and do whatever you can to correct them.
Identify the areas where you are falling short, and begin to implement practices to address these issues. For example, if there are certain aspects of your company culture that are holding back employees, consider creating training modules that specifically address these issues.
Develop employee motivation. Employee motivation can improve morale, retention, and job satisfaction by adding a sense of accomplishment to workers, while also promoting greater job performance.
Achieving employee motivation starts with understanding where employees are at, and what they need. Then you can plan in advance to ensure that your employees are up to par for the upcoming year.
The HBR Case Study Solution begins with an exploration of the current work environment, or, workplace. From here, it explains how each individual impacts the organization, and the role each person plays in making the workplace “the best place to work.”
This works as a case study analysis to help the organization and its managers understand their role in the work environment. The HBR Case Solution also examines how the environment can affect employee engagement and employee behavior.
Third, the HBR Case Solution provides tips and advice on ways to increase employee retention. In doing so, it allows managers to develop a more unified vision for the organization.
With these suggestions, management can target those areas where the most difficulty is occurring and make their actions more productive in improving employee retention. For example, when the focus is on the need to improve the health and well-being of employees, it is easy to put aside the fact that another individual might be performing poorly.
Finally, the HBR Case Solution can be used to promote employee engagement. As we discuss in the HBR Case Solution, increasing employee engagement helps to increase engagement levels, employee loyalty, and organizational productivity.