One of the biggest challenges for HR today is how to keep and attract good talent. Retaining them has a direct, positive impact on productivity, the company's image, and reduces hiring costs. The basics, such as a healthy work environment, a realistic workload, and balance between work and life, are crucial for younger employees. Flexibility is also non-negotiable.
Let's explore a few tools that can help HR professionals improve both talent attraction and retention.
1- Feedback Channels
2- Learning and Development
Continuous learning is really important for millennials and Gen Z. Offering access to learning platforms that provide training and professional development helps them feel like they are growing within the company. This not only benefits the individual but also strengthens the company by developing skilled, informed employees.
3- Rewards and Incentives
When it comes to the attraction and retention of talent, a rewards and incentive program will take the company to the next level. Employee benefits have proven to be an effective tool for this purpose and can make a difference when it comes to reducing employee turnover.
One of the best incentives is travel rewards, whether it is a gift card for a getaway or a discount for their next vacation. Employees will greatly appreciate being encouraged to travel and have time off.
If you want to learn more about the benefits of having an employee travel incentive program, you can read one of our previous article on the topic.
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