Employee Retention has never been more important for organizations to thrive in today's world. 87% of HR managers agree that employee retention is their top priority.
The research consistently suggests that hybrid work meets the needs of employees and can help organizations increase performance, productivity, employee engagement, profitability, and retain talent.
Employee Retention has quickly translated into one of the key metrics organizations need to keep track of in 2022. Any time an employee leaves a role, there is time, money, and effort associated with recruiting, hiring, and training a replacement.
A digital marketing agency headquartered in Bangkok (with local and international offices) recognized that employee engagement and motivation would be their key driver to increasing revenue and business growth.
A Consumer Goods Company located in Bangkok, Thailand, faced people challenges during the Pandemic, particularly employee engagement challenges. Management were not happy to learn that these challenges were hindering growth opportunities and having an affect on company performance and revenue.
A prestigious Hotel Group in Thailand has one central HR team in charge of managing employee needs across all hotels. It was no surprise when management discovered that employee morale was dropping and turnover rates increased, especially in the front office and sales roles.
Effective communication is vital for business for growth and success. Putting in place a feedback culture, a culture where every employee feels that they can share feedback with another person, increases organizational agility, resilience, and health.
The act of giving and receiving recognition is a high ROI employee engagement activity that creates immense short-term and long-term value, increases well-being, productivity, and more. Putting a recognition system in place to activate your talent and strengthen your culture.
Leaders who want to build high-performing teams must ensure that their teams feel safe at work. Psychological safety drives teams to be more involved in working together, feel motivated to deal with problems, face challenges, and be willing to maximize learning opportunities and develop themselves.
3 min read
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