Immense efforts are put in by companies today to hire and retain talent. The benefits of these efforts are immense. Silicon Valley is famous for creating new standards of pampering their staff to retain employees. However, it may not always be the best option for all the companies to copy these benefits blindly. A free spa and massage in the Google model will be highly misplaced in companies which do not provide high value services. Does it mean that companies should not look for unique and innovative methods of hiring and retaining employees? By all means they should and many are already doing it.
So what do companies seek to achieve by rolling out these perks and benefits to employees?
If we take a peek in the past, there are a few common elements of employee engagement. Organizations are like a huge family and treating their people fairly can be the most effective engagement model. Best innovations did not happen in the best of the places, but in the most challenging environments. Organizations empowering their employees and providing a clear path and vision, for the employees to walk upon, coupled with good leadership, will do the same wonders a leading company can achieve by spending several times the resources.
Most employee’s today are looking for a mentor to guide them and advise them on how to traverse the professional ladder. Keeping the door open for a conversation goes a long way in building a valuable bond between the employees and the organization.
Few things employees always look for are job stability, growth, quality of life, brand they work for and finally the money. Good managers and leaders add to this party. However, whenever employee retention is talked about, most of it boils down to hard benefits like money, spa, facilities which will be expensive for employees to avail outside. Such things will certainly do the trick, but will cease to sustain its lure for long.
Soft and humane elements like building great relationships, transparency and empowering employees would be more impactful.
So those companies who cannot afford the hard benefits beyond a reasonable limit, should embark upon the softer part of employee engagement. It will certainly have a great and lasting effect on employee happiness and stickiness.