Lessening the Impact of High Attrition                                

Lessening the Impact of High Attrition                                

Attrition is one of the top challenges faced by any modern employer. Now, there may be several reasons why employees leave an organization. In the last decade, employers have begun to investigate the reasons why employees leave an organization via surveys during the tenure of an employee or information gathered during the exit interview. On average, an industry may face an attrition of anything between 14-18% per year, affecting the executive or individual contributors to mid-level management employees. Major reasons behind this are usually dissatisfaction or unfavourable treatment from the immediate manager, compensation or work environment. Other reasons consist of inconsistency of growth and compensation, lack of long-term vision for the company and individual growth plan of employees.

Having listed these reasons is not enough to tackle this challenge. Taking note of these possible reasons and resolving these concern points is what will bring the solution. Meeting every demand of every employee is also not the solution. It is an issue that is to be resolved at an organizational level. Many organizations now have an elaborated development plan for every employee at every level, and yet, there may be attrition that cannot be controlled and is beyond the reach of an organization.

We can, however, formulate ways on how to lessen the impact of employee turnover. Some of the things to be considered are:

1.  Impact of attrition: Too much focus on skill sets led to missing out on candidates with the right attitude and personality.

How to handle: Spending more time on hiring talent by analysing the candidate’s individualism and personal perspective on the world and work.

2.  Impact of attrition: An experienced and trained employee left the organisation with a pile of work unmanaged.

How to handle: Identify any resentment developing early on and tackle it.

3.  Impact of attrition: Young talent leaves the organization after the training.

How to handle: Young talent should not be promised an early hike in compensation and should, instead, be given monetary and non-monetary incentives both, like badges, token of appreciation, sponsored training courses and more which benefits the company and retains the employees in the long run.

Having taken all the necessary precautions, there may still be room for some attrition. Eventually, it is the responsibility of the reporting managers and the HR department who need to be trained to handle workload management and attrition respectively, without letting it have an emotional impact on the team members.

Statistics source: https://www.statista.com/statistics/737996/average-voluntary-staff-turnover-by-industry-india

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10 to-dos on an employee’s first day                                   

10 to-dos on an employee’s first day                                   

A very crucial part of an HR’s role is the on-boarding of a new employee, which is the process of interacting with the employee on their first day. It not only makes the employee feel welcome and happy to be a part of the organisation but also impacts their productivity positively. This process of on-boarding covers every step, like taking care of the preparations, arranging for an orientation to familiarize them with every aspect of their work and introducing them to the team. In addition to these, introducing them to the tools and software used in the organisation and evaluating their on-boarding experience afterwards is also important.
1. Hearty welcome

Make sure to congratulate the employee on receiving a new job so that they feel like they are a part of the team. Place an announcement that they are starting at your firm on your social media pages or even send out an announcement tweet.

2. Get started

Set up their new email with their correct full name as they can get into the swing of things on day one. Arrange a starter package for them that includes their mobile phone, laptop, new business cards and personalised message pads. These etiquettes will make them feel like they are already an important part of the company and motivate them to perform their best.

3. Familiarize them

Set up an introductory lunch with their immediate bosses and team members in a casual setting, to ease the employee’s nerves and familiarize them with everyone.

4. Make them feel at home

Send them the brand/company merchandise like T-shirts, phone cases or water bottles, etc to make them feel like a part of the organisation.

5. Give them a tour

Take them on an office tour to every room, the pantry, washrooms etc, so they are well acquainted with the office premises.

6. Have them come prepared

Send your employees the pre-training sessions before hand, so they spend less time with the training after they join and come prepared.

7. Update them

Make sure to email all the rules and regulations like office timings, dress code, holiday calendars and office etiquettes to the employee before they start work, so they know what to expect.

8. Encourage interpersonal interaction

Involve current employees in the process of pre-boarding too, so the employee can connect with their colleagues and be more comfortable on the job without feeling left out.

9. Store their information

Collect their personal information for the payday process like their bank account numbers so that they can receive their salary smoothly.

An HR has a huge role in employee retention and performance, as they are in charge to make them feel included and comfortable. These simple tips can facilitate smooth on-boarding to help make employees feel at ease even before they begin work and thereby, bring positive outcomes.

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Invest in your employees and grow your business      

Invest in your employees and grow your business      

The biggest problem today is retaining good employees in a job for a long period of time, as employees look for opportunities to grow. They not only need job satisfaction but also development of a new and wider skill set, that will help them grow in their careers. Investing in your employees will make sure that your current employees do not switch jobs frequently, but are also motivated to work efficiently on the job.

Investing in current employees is also less costly than hiring new ones. Company image and policies also affect the influx of new employees in your company, as a company that invests in their employees will have better talent seeking to join it. There are many affordable ways a company can train their employees without shelling out big budgets. Mentor meetings and discussions with trainees help keep their motivation high, but also help them feel more at ease on the job which helps the employees performance. Investing in a great online tool kit will also make it easy for employees to track their progress and reflect on their weaknesses. There are several great LMS toolkits available that don’t break the bank, but help employees with their career goals.

Every employee sets goals for their careers along the way and wants to see them accomplished, that’s possible with trainings on the job and guidance from peers. Companies need to find an employee with great communication and knowledge, that can teach fellow employees what they’ve learnt. Keeping learning lunches where employees discuss different topics they want covered in an informal setting is also a great training idea. The efforts that the company puts into their employees don’t go unnoticed, as employees feel like they are an integral part of the company, which increase their job satisfaction as well as job loyalty.

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The Role of Effective Talent Management in a Business

The Role of Effective Talent Management in a Business

When a business grows, it can be because of many factors like business strategies, market research, customer satisfaction, and more. But the most important factor is its people. They are the growth drivers of any company and it is them who impact the business in the long run. The kind of employees and the talent in a firm can make or break their place in the market. Given that, the human resource decisions are majorly responsible for the other decisions within the company, which directly impacts its profit or loss. Hence, it’s important that a company focuses on hiring the right kind of people for the right fitment of roles if they want to make the most of the employee’s skill and experience.

There are a few important factors to consider when it comes to talent management. One must consider the goals that the company wishes to achieve over time or till a period, before choosing the talent for it. Without the goals in mind, hiring the right individuals for the job is futile and the results that company is looking for cannot be achieved. The employees must be aligned with the company’s short-term or long-term goals, and they must be given clarity on the vision, mission, and values of the company. For instance, if one of the values of a company is “Customer-first approach,” it should trickle down to all levels of the organisation. Moreover, employees must have a sense of ownership that, in turn, instills a sense of responsibility for the company’s growth and betterment.

Once the goals have been laid down, it is time to understand the challenges faced by the workforce in the company, while also motivating your employees and maintaining job loyalty. The senior management needs to make sure to constantly support and motivate employees and help overcome the challenges they face in the organisation. They need to identify gaps so that training and development is given to non-performing employees as well. It is also imperative to mentor the juniors to keep them motivated and guide them in the right direction. A defined career growth and career path are very important for employees; they need to be able to see themselves growing in the organisation in the long run. There should also be clarity of roles with perpetual and persistent motivation.

The next step would be to measure the output before and after to understand how far the company has come and if the employees have made a great impact on sales. By evaluating the outcome one can understand the areas of improvement and learn from their mistakes.
To sum up the talent management in a business plays a massive role for the growth of a company. It is not just important to hire the right people but also to hire them for the right role and at the right time. Without efficient and appropriate talent in the company, all the other resources will be ineffective and will not help to achieve one’s goals.

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What Should HRs Know about Mental Health at the Workplace?

What Should HRs Know about Mental Health at the Workplace?

In today’s fast-paced work environment, Mental Health has become a crucial aspect of overall employee well-being. As an HR professional, understanding and addressing mental health issues in the workplace is not just a moral obligation but also a strategic imperative. This comprehensive guide will help HRs navigate the complexities of mental health at work, ensuring a supportive and productive environment for all employees.

 

Understanding Mental Health in the Workplace

 

Mental health encompasses our emotional, psychological, and social well-being. It affects how we think, feel, and act, influencing our ability to handle stress, relate to others, and make choices. Common workplace mental health issues include stress, anxiety, burnout, and depression. Recognizing these issues is the first step toward creating a healthier work environment.

 

Key Statistics to Consider

 

  • Prevalence of Mental Health Issues: According to the World Health Organization, depression and anxiety cost the global economy an estimated $1 trillion per year in lost productivity.
  • Employee Engagement: Employees who feel supported in their mental health are more likely to be engaged and productive.
  • Impact on Retention: Companies that prioritize mental well-being have lower turnover rates, saving on recruitment and training costs.

 

The Impact of Mental Health on Employees and Organizations

 

Poor mental health can lead to decreased productivity, increased absenteeism, and higher turnover rates. Employees struggling with mental health issues may exhibit lower engagement levels, affecting team dynamics and overall morale. For organizations, this translates into financial losses and a potential decline in workplace culture.

Financial Implications

 

  • Healthcare Costs: Mental health conditions can lead to higher medical expenses due to associated physical health problems.
  • Productivity Losses: Presenteeism (working while unwell) can reduce productivity significantly.

 

Legal and Ethical Responsibilities

 

HR professionals must be aware of laws related to mental health, such as the Americans with Disabilities Act (ADA) and the Occupational Safety and Health Act (OSHA), which protect employees with mental health conditions from discrimination. Ensuring compliance not only avoids legal repercussions but also fosters an inclusive workplace where all employees feel valued.

 

Compliance Checklist

 

  • Non-Discrimination Policies: Update policies to include mental health conditions.
  • Confidentiality: Ensure all discussions and records about an employee’s mental health are kept confidential.
  • Reasonable Accommodations: Be prepared to adjust work conditions to support employees’ mental health needs.

 

Recognizing Signs of Mental Health Issues

 

Early intervention is key. HRs should train managers to recognize signs like sudden changes in behavior, decreased productivity, or withdrawal from colleagues. Open communication channels encourage employees to voice their concerns before issues escalate.

 

Common Warning Signs

 

  • Decreased Performance: Missing deadlines or producing lower quality work.
  • Behavioral Changes: Increased irritability, mood swings, or isolation.
  • Physical Symptoms: Frequent headaches, fatigue, or unexplained aches.

 

Creating a Supportive Work Environment

 

A positive workplace culture that prioritizes mental well-being encourages employees to seek help without fear of stigma. Implement initiatives like mental health days, stress management workshops, and mindfulness programs to promote a supportive atmosphere.

 

Strategies for HRs

 

  • Promote Work-Life Balance: Encourage employees to take regular breaks and use their vacation time.
  • Flexible Work Options: Offer remote work or flexible scheduling when possible.
  • Employee Recognition: Acknowledge and reward employees’ hard work to boost morale.

 

Training and Education

 

Providing mental health training for managers and staff raises awareness and equips them with the tools to handle sensitive situations. Educated teams are better prepared to support each other and contribute to a healthier work environment.

 

 

Training Topics

 

  • Mental Health First Aid: Basic skills to assist someone developing a mental health problem.
  • Stress Management Techniques: Practical ways to cope with stress.
  • Communication Skills: Effective ways to discuss mental health issues.

 

Providing Resources and Accommodations

 

Implement Employee Assistance Programs (EAPs) offering confidential counseling and support services. Flexible working arrangements, like remote work or adjusted hours, can accommodate employees’ needs, helping them maintain a work-life balance.

 

Additional Resources

 

  • Wellness Programs: Incorporate activities like yoga, meditation, or fitness classes.
  • Support Groups: Facilitate peer support networks within the organization.
  • Access to Professional Help: Provide information about external mental health services.

 

 

Developing Mental Health Policies

 

Establish clear guidelines that outline the organization’s commitment to mental health. Policies should address confidentiality, procedures for seeking help, and the support available to employees.

 

Policy Inclusions

 

  • Anti-Stigma Initiatives: Encourage open discussions about mental health.
  • Clear Reporting Procedures: Outline steps for employees to seek assistance.
  • Regular Policy Reviews: Update policies to reflect current best practices.

 

Measuring and Evaluating Mental Health Initiatives

 

Regularly assess the effectiveness of mental health programs through surveys and feedback. Use key performance indicators to identify areas for improvement, ensuring initiatives meet employees’ needs.

 

Evaluation Methods

 

  • Employee Surveys: Collect anonymous feedback on mental health initiatives.
  • Absenteeism Rates: Monitor changes as a potential indicator of program effectiveness.
  • Productivity Metrics: Evaluate any correlations between mental health programs and performance.

 

 

Leveraging Technology for Mental Health Support

 

Incorporate digital tools to support mental health, such as apps for mindfulness, stress reduction, or providing access to teletherapy services.

 

Tech Solutions

 

  • Mental Health Apps: Offer subscriptions to apps like Headspace or Calm.
  • Virtual Counseling: Provide online platforms for employees to consult mental health professionals.
  • Online Resources: Create a portal with articles, videos, and tips on mental well-being.

 

 

Encouraging Leadership Involvement

 

Leaders set the tone for organizational culture. Encourage executives and managers to participate in mental health initiatives and model healthy behaviors.

 

Leadership Actions

 

  • Open Dialogue: Leaders sharing their own experiences can reduce stigma.
  • Policy Enforcement: Ensure managers uphold mental health policies.
  • Supportive Feedback: Provide constructive feedback in a manner that supports mental well-being.

 

 

Conclusion

 

Mental health is an integral part of overall employee well-being and organizational success. HR professionals play a pivotal role in fostering a workplace that supports mental health, leading to happier, more productive employees. By taking proactive steps, HRs can create a culture where mental well-being is a priority, benefiting both employees and the organization.

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