Retention Strategies: Keeping the Right Talent in a Company

Retention Strategies

As an owner of a company, you have to pass through many problems, and often have to spend so many time, to hire, interview, and identify great employees for your company. So retaining employees became the only priority that must be considered. Retention here involve a set of practices and luckily they are inexpensive to implement. All you need to have is just good retention strategies.

However, the key of all success in term of retention is related to what you are going to do in order to retain good employees. So the key to design retention strategies is learn what your employees are looking for. The best employees who are currently working in a company usually want several things:

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How to Plan Performance Management in an Effective Way

Perfomance Management

If we talk about the most important foundation for employee engagement and performance, we definitely cannot put performance management out of conversation. This considered as larger than the review of performance which often conducted by the company annually. The process involves a few things, in which the management should provide ongoing and specific feedback both formal and informal; at the same time the management should set specific and clear expectations. There are many elements under the term of management of performance and the result will be very positive if both staff member and manager are willing to put the whole elements in coherent and thoughtful manner.

So what is the first thing to do, so that manager and staff member can arrange the whole elements of performance management in a coherent way? The answer is to create a plan for it. There is a few things to do when it comes to set up a plan for management of performance:

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Remuneration of Individuals: A few Principles to Understand

Remuneration Of Individual

Every person joins the company or organization with the main intention of earning his butter and bread. In order to earn that, the salary or wages considered as the most important value. Shortly speaking, his work helps him to fulfill the needs of life, from basic to advance need. The salary and wages must, therefore, be in equality with the work done by an employee. At which point, an employee should get satisfied with the wages or salary, so that he can perform better in doing his work. In this article we’d like to talk about remuneration of individuals, which in essence become integral part of wages/salary.

In general, each employee must get fair remuneration so that both the owner and the employee gets the same value of satisfaction. In term of remuneration of individuals, there is a system which in essence should provide the adequate remuneration to the workers. The system should also motivates the workers to do better in their work. Furthermore, remuneration of individuals may ensure security and safety, as well as help in raising standard of living of the workers. Basically, remuneration became a very important term in the world of industry/business. This is an element from which the employer put a value over his employees in a way that is much better.

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Implementing an Employee Development and Training Program: Goal and Responsibility

Training-and-Development

A person must aware of a value of learning, which becomes an act that happens all the time. Within a realm of organization or company, an employee must do a lot of everyday activity in order to learn something from it. Furthermore, s/he can learn much from the whole phenomena that is going on around the sphere of workspace. Employee development and training program is the responsibility of the company. However, it is at the same time a shared responsibility of the employee and the management. From the management point of view: training program provide the right environment and resources that in essence will be used to support the development and growth of the employee.

In order to make employee development and training program successful, a management should do the following things:

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Training and Development Main Activities for Organization in General

Training And Development

Training and development is a function to improve job performance in organizational settings. Depend on the type of the organization; training and development could be implemented in various activities. However, training and development main activities are generally the same for every organization. The main activities are described in the following.

The first activity is training. This activity is usually executed as soon as the employee is hired because it focuses on the current job. It trains the employee to the job right, which aligned with company culture and objectives. After initial training, employee could get more training in order to give them more jobs and responsibilities in their current position. Training could be given to the part-timer, contract worker, and full timer. Since training is focuses on current job, it will be evaluated against the job.

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Talent Development Strategies to Engage Employees in Long-Term

Talent development

Talent development strategies are the way to engage employees in the long-term and keep their commitment to the company. Maintaining employee’s engagement and commitment to the company is part of HR jobs. Retaining key employees is very important in order to maintain stability of the company because finding capable, talented, and trusted employees is not an easy job. Although it maybe easy to find new hires, it would be hard to get the quality. In addition, it would be a waste if you lose high quality employees that you found them with much effort. It would be worst if you lose them to your competitor. Therefore, it is very important to add talent development to your talent management.

Talent development is the part of talent management that will help you to maximize person-job fit, give them the opportunity to do more, possibility to have career improvement. It will increase job satisfaction because when employee fit the job, they will satisfy and more engage to the company. When employee gets more things to do and get more in rewards, they will feel more valuable, engage more to the company, and give long-term commitment.

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Technology in Performance Management Improves Efficiency and Output

Perfomance Managament

HR technology is one of the keys on modern human resources management. It is significant in every HR areas, including performance management. Technology in performance management is brought by the use of computers, networks, specific apps, and mobile technology to help performance management processing. The result is improvement in efficiency and output of performance management system.

Performance management often get bad rap due to ineffective process, poor implementation, high cost, and inaccurate appraisal. Technology in performance management could make big different in the process, implementation, cost, and appraisal. The benefits are including:

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Social Recruitment, a New Way to Win Great Talent

Recruitment

The world of social media grows fast in incredible state. Many people are addicted to social media and even high rank people could not stay away from it. The growth of social media is also affecting HR management, especially in recruitment area. Many recruiters are now following the trend of Social Recruitment. They used social media in the process of hiring candidates. This trend is not without substance. Social media is proven helpful in hiring right talent.

There are so many benefits in hiring candidates through social media. The ultimate benefit is wining great talent. This is something that recruiters are dying for. Getting great talents are very difficult because talent is not only determined by GPA and certificates, but how the candidate could adjust to company culture, deliver the best, and keep improving. Intellectual and social abilities need to be top notch.

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HR Management Environment is Changing, Along with the Change of the World

Hr Management

HR Management Environment today is very different from HRM the past. I believe that HRM professional who retired 20 years ago or maybe 10 years ago will amaze with the significant change in human resources management today. The changing is necessity to adjust the change of the world, including the change in business environment, jobs nature, worker’s personal character, social values, globalization, and technology.

Business environment is ongoing changing environment as people find a new way to run business, new systems, new strategies, new competitions, new way to relate with each other, new technology, new law, and much more changes. HR management must adjust to the change in business environment because HRM is inseparable part of business. HRM need to support the business in the fullest in order to reach the objectives of the business. For example, HRM today is not merely taking care of the relation between employer and employees but should taking care of the entire shareholders of employers, employees, stockholders, and customers as well as the external related parties.

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