As the world has reached the modern era of globalisation and digitisation, workplace diversity and behaviour have also faced huge changes. The more diversity the workplace sees, the more complex it gets to manage and organise.
However, it isn't always the challenges that are driven by the diversity or modernisation of the workplace. Fortunately, it also brings in a wider range of perspectives, values and the company's adherence to the similarly diverse society where it has to serve. Despite its benefits, there are plenty of examples of employees suffering from it too.
The Green Bay Packers Conflict
Aaron Rodgers is recognised as one of the greatest icons who plays quarterback in the National Football League(NFL). He made it to the all-time best list and was named the season's most valuable player, making him one of the highest-paid superstars in the history of North American Sports.
However, after the 2020 season, Rodgers had some trouble with the Green Bay Packers. This led to increased dissent from General Manager Ron Wolf, who said the players were trying to interfere with management and wanted to change and select players and coaches themselves. Of course, a conflict between the two would jeopardise the team's performance in the upcoming season.
Actual Challenges in a Modern Workplace
The superficial perspective from the above example clearly shows how difficult it is to manage and retain someone if they become a key superstar in the team. However, with a deeper study of the case, we can infer that providing exceptional treatment to any of the employees poses a threat, it may not be soon, but it is definite.
Let's talk about the actual challenges in retaining talent in modern workplaces. Fierce competition, channel fatigue and the raise of monopolies are the main challenges in any modern-era organisation.
Employees seeing each other as competitors can sabotage collaboration and teamwork. This can lead to workers sabotaging others' efforts to get ahead, causing distrust and worry between each other, which can result in a terrific operating environment. Due to fierce competition, organisational goals can wander away inside the fray.
In a context, fatigue is a constant feeling of physical and/or mental exhaustion that reduces a person's potential to perform any work properly. It is greater than tiredness and sleepiness resulting from prolonged mental or physical pastime, disrupting the body's internal clock.
Channel fatigue may occur when receiving excessive information or messages through many communication channels. By creating confusion among personnel, channel fatigue may result in a bad response that can damage the company's brand credibility. It can be reduced by using mentioned steps:
- Make the message or information relevant to each employee.
- Deliver messages or information at the right time and place.
Raise of Monopolies
Monopoly generally means a situation with a single seller in the market without competition. Monopolies lead to a lack of innovation. Employees are forced to work in the same company in any working condition because it is difficult to switch the company in such a situation. For example, when a company has no competitor, consumers are forced to buy through the monopoly at their given price.
Employee Retention and its Strategies
Employee retention refers to an organisation's ability to retain employees, preventing employee turnover. Employee retention should usually be the primary priority of any company as it directly impacts its performance. So, HR leaders should develop multiple techniques to positively influence employee retention.
Let's talk about the strategies for retaining talents in modern workplaces.
Recruit the Right Employees
Every employee recruited at a company is an asset to an organisation. Therefore, a company must recruit the right employees from the right sources at the right positions during the recruiting process. Applying this strategy can result in high productivity, low turnover, and better retention rates.
Get the Right Recognition and Rewards
Business entities need to prioritise social and monetary rewards for its employee. They can provide a platform to help everyone get in on the action. Constructing a lifestyle of appreciation is greater than only socialising sometimes. Thus, employees who feel appreciated for their efforts work harder and stay longer at a company. So, it requires frequent acknowledgement and rewards provision after reviewing their performance.
Create Healthy Environment
A healthy working environment creates a good mood and positivity among employees. Therefore, a company needs to create a healthy and sound environment. A healthy work environment helps employees fully engage in their work without any disturbance resulting in higher productivity, greater loyalty, and better retention rates.
Provide Avenues for Professional Development
Teaching your personnel, putting clear professional paths and implementing education programs makes us more innovative, engaged and effective in creative tasks. A company must often give proper training and education to upgrade employees' knowledge and professional development. The frequent practices must include increased advanced development of tools and technologies and ways of doing tasks. It results in high productivity, decreases employee turnover, and increases employee retention.
Build Employee Engagement
Employee engagement simply means how much an employee is committed to their duties and responsibility for helping an organisation achieve its objectives. Thus, a company must build employee engagement in different tasks and decision-making processes. Employees' engagement in the decision-making process makes them feel like important personnel in the company and keeps them motivated to complete tasks at a given time.
Besides the mentioned strategies, a company can apply several other approaches. Recognising retention starts with recruiting and identifying candidates who will stay the course, being competitive with compensation packages, providing continuous performance feedback, implementing data to work, emphasis on teamwork, being prepared for turnover and so on.
At last, we can conclude that increasing employee retention directly impacts business performance and success. Therefore, employee retention is the ability of an organisation to prevent employee turnover by increasing productivity and, at the same time, motivating them to stay longer in an organisation that shows their positive attitude towards their work and company.
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