Wednesday, May 16, 2012

Five Tips for Employee Retention



One of the most important aspects of hiring veterans is retaining them. An article on Monster.com titled “Talent Management Strategies to Retain High Potential Employees” addresses this subject and gives five tips for retaining your most valuable employees. “High potential employees” are defined as the top 3 to 5% of a company who demonstrate high levels of contribution. Veteran employees are sure to be amongst this group.

Here’s how to retain them:
  1. Create a mentoring program: While it may be difficult to find the perfect match, mentors help employees become more productive through personal interaction and the passing on of valuable knowledge.
  2. Assign them high-visibility projects: This is a great way to keep employees engaged. Challenging, important assignments help develop the employee for successive roles at the company.
  3. Communicate openly: These employees deserve to be heard. Listen to them, and communicate your appreciation of their hard work and what you expect from them in the future.
  4. Invest in career development: This goes beyond traditional career development, such as certifications, and extends to programs like Leadership Development Programs. This type of encouragement allows employees to participate in dynamic tasks that develop their skills.
  5. Perform quarterly reviews: Most companies measure their financial assets on a quarterly basis, so why not their high potential employees? These employees appreciate proactive feedback from which they can learn and grow.

Hiring a veteran is only half the battle when it comes to developing a Military Hiring Program. And following these tips can help employers retain and cultivate these talented employees.

Click here to read more about these tips.

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