Here is SHRM’s definition: “Employee Engagement and Retention refers to activities aimed at retaining high-performing talent, solidifying and improving the relationship between employees and the organization, creating a thriving and energized workforce, and developing effective strategies to address appropriate performance…
Drivers of Retention According to Robert Half, the following are some of the contributors to retention success: • Onboarding and orientation • Mentorship programs • Employee compensation • Recognition and reward systems • Work-life balance • Training and development •…
Once hired, the best business outcome is for the new hire to stick around for a while. Depending on the level of the job in your organization’s structure, you can determine how long it will take for you to reach…
Computing the Return on Investment of Training Return on investment (ROI) is determined by the following: • Determine the total cost of training (e.g., training development cost, resources cost, salaries of instructors, and participants). • Determine the total value of…
Appraisal Meeting Once you have completed the written evaluation of your employee’s performance, there are some key factors to consider in planning for the success of your feedback session with the employee. Here is an agenda outline for that meeting:…
Errors in Performance Appraisal As with any subjective system, performance appraisals are subjective because they are based on people’s perceptions and opinions, so there can be shortcomings. Here are the most common errors made on the part of appraisers: •…