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No
matter how successful your recruitment program is,
your company's hiring efforts are fruitless without
solid retention strategies to support them. Every
company wants to hold onto its best hires. However,
without effective retention strategies in place,
you risk creating a revolving door for employees
to come and go. With today's hiring climate heating
up, the risk of turnover is more urgent than ever.
How are organizations tackling the attrition problem?
Today's companies are stretching the boundaries
of traditional benefits to retain key talent. New,
creative incentives are being used to boost retention.
Traditionally,
most organizations have focused on compensation
as the primary retention lever. However, it really
takes a combination of incentives to retain employees:
money, benefits, growth opportunities, interaction
with upper management, corporate culture, etc. In
wake of a more competitive hiring environment, new
benefits are also entering the picture. Companies
are appealing to employee loyalty by deploying creative
benefits such as project bonuses, career development
opportunities, optional vacation days, relocation
assistance, work-at-home programs, and family leave
benefits.
Read the full article on incentives:
http://www.RecruitersWorld.com/articles/rw/christine/incentives.asp
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Recruiters
World Daily News