Employee Retention Strategies

Name: Employee Retention Strategies
Rating: 5.0 (3 reviews)

Attract, motivate, engage and retain your best employees

Created byCarel Oberholzer

Last updated 4/2024

English

What you'll learn

Understand the high cost and negative effect of staff turnover on organizational effectiveness
Appreciate the importance and impact of Covid 19 on the changing needs of employees
Understand human behavior's and how to manage it successfully to retain key employees
Be able to build an attractive employee proposition (EVP) that will increase engagement and reduce turnover
Be able to design meaningful and challenging jobs
Create growth and development opportunities for employees
Be able to facilitate a conducive organization culture to ensure attachment and commitment leading to retainment of employees
Know how and be able to identify and develop leaders competent to lead Agile and High Performance organizationsOrganizations
Effectively reward employees in a fair and meriticracy manner that motivates employees

Course content

1 section • 9 lectures • 3h 42m total length

The importance and benefits of an effective retention strategy27:34
Students will have a clear understanding of the importance and benefits of an Employee Retention strategy.
They will be able to calculate staff turnover and get insight into the organizations current retention practises through a self assessment questionnaire.
They will appreciate the impact of Covid 19 on employees and organizations
Understanding human differences, needs, behaviour and motivation20:28
Participants will understand that humans are the same but also different and needs to be managed as individual human beings.
They will appreciate different personalities and also the importance of the Psychological contract at the work place. T
Through self assessment get insight into their own job expextations and what motivates them.
Build an attractive Employee Value Propoairion (EVP)18:00
After completion of this lecture
Participants will realize the importance of an attractive EVP, and what are the main drivers towards the EVP .Five elements are critical, A Meaningful Job, Growth and Development Opportunities, a supportive Organizational Culture, a well designed Total Rewards System aand Effective Leaders
Be able to implement srategies to create an attractive EVP.
They will also understand how an effective EVP leads to employee engagement while high engaged employees stay longer and are more productive than lower engaged employees.
The recruitment an on-boarding process13:45
Students will learn the right techniques and processess to recruit the right people
Be able to identify critical competencies and criteria for selecting the right candidates
Make sure there is a fit between the candidate and the organization
Know how to do a competency based interview
Capable of developing a best practice on-boarding process
Ensure a challenging and meaningful job9:53
Students will recognize that the job is much more than for financial gain.
They will know the importance of a meaningful and challenging job and be able to follow the guidelines in developing meaningful jobs.
Understand the need for proper career discussions and how to do iit
Be able to apply different techniques to constantly stimulate new challenges and meaning for the job holder
Create growth and development opportunities45:25
Students will know what different competencies there is and how to use it
Be able to develop a competency framework and use different techniques to assess current competency levels
Using competencies to develop implement a career management system and career paths
Utilizing a best practice performance management system to support employee growth and development
Do qualitative career discussions with employees
Ensure Individual Development Plans for employees, using different methods and strategies to address competency gaps
Build a conducive organizational culture that support employee retention35:30
After completion of this lecture:
Students will appreciate the critical role of organizational culture in retaining employees.
They will be able to apply an integrated Change and Transition model to guide them through the process of building a conducive organizational culture, using Company Values in an integrated way and as the basis for the culture.
Be competent in buiding a culture of empowered employees, that is creative and innovative and with high performance teams.
Reward employees fairly17:36
Students will understand the necessity of a comprehensive Total Reward System for retaining your staff.
They will know how to give recognition and the benefits of doing so.
A practical example will clarify the process of introducing a Total Reward System in an organization
Ensure competent and effective Managers and Leaders34:00
Students will be aware and convinced that the most important element in developing a comprehensive and effective retention strategy, are the leaders of the organization. Effective leaders ensure meaningful jobs, growth and development opportunities, create a supportive culture and reward and recognize employees.
Students will be able to develop a set of leadership Competencies and utilize it effectively, identifying development gaps, using different methods and techniques.
Learn also how to identify high potential employees, address development needs through a formalized Succession Management process. Understand to use a blend of development strategies

Requirements

None specific

Description

The course emphasises the importance and benefits of a well designed retention strategy. Important topics are discussed, it based on practcal experience and with self assessment tools. Participants will be able to lead a project team to implement a comprehensive and integrated retention strategy. First step is to understand what is the current staff turnover and to assess curent critical practices.

After the course participants know and be able to do the following:

Understanding human behaviour and needs that motivates employees, including the Psychological requirements
The importance of having an attractive Employee Value Proposition (EVP) and how to ensure engaged employees, using an integrated model. This includes the appreciation of the main engagement drivers .
Attract and bring the right people into the organization and make sure employees fit in through a best practice on boarding process.
Designing meaningful jobs that are challeging, utilizes employee skills and allows for adding value.
Create growth and development opportunities through different strategies, including career management and career paths
Develop a canducive organizational culture that supports retention through empowerment, innovation and creativity, teamwork and a fair and open performance system.
Creative rewards and recognition systems that are faier
How to identify and develop leaders for the future.

Who this course is for:

Ideal for HR professionals, all levels of management, team leaders and functional specialists