Employers may wish to develop improvements to their HR management system, a global coaching, leadership development and consulting firm recently told BLR, to ensure they retain talented workers.
According to the source, the firm's recent research indicates 87 percent of employers are concerned about the possibility and effects of losing key employees. The firm's chair, Steve Ford, told the source many workers decide to look for a new job for the new year, noting employers may wish to recognize and show interest in employees' achievements and careers.
For example, assignments that require workers to develop new skills and work as part of a team may be particularly engaging, developing their capabilities and giving them a chance to be in the spotlight.
Consistent and clear feedback is another area many managers can improve, the source indicates. Many seem inconsistent in both their expectations and the degree of accountability they enforce. Better communication can keep employees interested in their work. It may also allow them to improve their skills.
Offering strong employee benefits packages may also be attractive to many at a time when employers may be cutting compensation to save money. This is particularly true for areas such as heath insurance, which has grown more expensive.
