Activator230822
Verified member
Most businesses companies nowadays face higher rates of job hopping on their businesses. This is caused by majority of the staff quitting the jobs for greener pastures. However this can affect the business negatively.
However there are ways and strategies when put into practice can fix this. Some of them are these:
Increasing of salaries and incentives
Although most companies see this strategy as too expensive, but it's very worthy imagine.
When you increase the salaries and wages of your employees you not only motivate them to work harder, retaining them but also you improve their productivity on the company.
Promotion and Awards
Businesses can also improve the productivity of their employees by offering promotions and awards for the well performing and hard working employees. This would motivate the unproductive workers hence improving the maximumisatio of the profits on the organisations.
Provision of other non monetary incentives
Non monetary incentives includes all that is given or provided to the staffs other than Money.
This can be provision of entertainment time in the work place like watching football matches, have stuffs swimming time on the swimming pools, among other incentives.
Involvement of the staff in the decision making of the business.
This can be done through organisation of open forums within the workplace and get workers to raise their opinion on very important matters affecting the business.
However there are ways and strategies when put into practice can fix this. Some of them are these:
Increasing of salaries and incentives
Although most companies see this strategy as too expensive, but it's very worthy imagine.
When you increase the salaries and wages of your employees you not only motivate them to work harder, retaining them but also you improve their productivity on the company.
Promotion and Awards
Businesses can also improve the productivity of their employees by offering promotions and awards for the well performing and hard working employees. This would motivate the unproductive workers hence improving the maximumisatio of the profits on the organisations.
Provision of other non monetary incentives
Non monetary incentives includes all that is given or provided to the staffs other than Money.
This can be provision of entertainment time in the work place like watching football matches, have stuffs swimming time on the swimming pools, among other incentives.
Involvement of the staff in the decision making of the business.
This can be done through organisation of open forums within the workplace and get workers to raise their opinion on very important matters affecting the business.