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Showing posts with the label employee benefits

Your Multigenerational Workforce Could Be Your Biggest Competitive Advantage

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Multigenerational Workforce Today’s workforce is composed of four generations and each generation has its unique characteristics. Each of them, namely Baby Boomers, Gen X, Gen Y and Gen Z, brings exclusive strengths to work but their different working styles and philosophies can often lead to  conflicts. As much as this multigenerational workforce is adding value to work, there is also a growing challenge for human resources managers in terms of managing the coordination and collaboration among different generations. Millennials or Gen Y is increasingly assuming management and leadership roles which further fuels workplace disruptions. Each generation has been shaped by different societal and economic conditions and has different life experiences. A smart manager views this as a unique opportunity to enhance productivity. Managing widely different viewpoints and focusing on the bottom line isn’t an easy task and may lead to workplace tensions and friction among employees. Her...

Employee Retention Strategies – How to Retain the Top Talents in Your Organization?

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Every organization needs high potential employees to achieve goals and make profits. And, it’s extremely important that those employees stick to the organization and contribute effectively.  Employee retention  is one of the most important yet most overlooked aspects in many companies. Research suggests that retaining top talents in your organization could be the key to sales growth, high morale and satisfied customers. On the other hand, loosing important employees leads to reduced productivity and it could also cost the company more than the employee’s salary, in the process of finding a new and good employee. There are a number of factors that lead to employee turnover such as lack of opportunities, ineffective management, lack of appreciation, work pressure and more. This calls for effective employee retention strategies aimed at providing a superior work experience to your employees. Here are a few effective employee retention strategies that you can adopt in your...