Question

Very briefly describe two (2) key strategies for retaining staff.

Answer 1

Answer:

(1) Offer the right benefits

(2) Be transparent and open

Explanation:

There are two key strategies for retaining step are discussed below:

(1) Offer the right benefits: Benefits and perks can play a very good role in keeping employees happy, healthy and engaged. But benefits can go far beyond paid sick leaves and health coverage.

The company can give some financial awards to the employees which can help in exceeding performance and by this employees will stay in the company for a long period. Nearly 9 out of 10 companies will provide incentives and bonuses to the employees in coming next five years, according to the CTA.

(2) Be transparent and open: Creating open communication between the management and employees will help in the growth of the company as well as make the office atmosphere good. By this employees can share the ideas with the management and by these meetings, the employees can share their problems with management frankly will help employees to stay in the company for a longer period.