Temple University graduate Ashok (Ash) Bagdy has worked for Cameo Corporate Systems Limited since 2003. In his role as vice president of outsourcing services for the company, Ashok Bagdy has overseen a significant reduction in employee turnover. Staff members leaving their roles is a significant issue for many employers, with the Bureau of Labor Statistics noting that 3.1 million people in the United States left their jobs in February 2017 alone. Here are some tips for reducing employee turnover in your business. 1. Stay current. As your industry evolves, so too do pay and compensation expectations. Keep one eye turned towards your competitors’ salaries and benefits packages to ensure you stay current with your own offerings, thus giving employees fewer reasons to seek alternative employment. 2. Hire for fit. While skills should play a large role in your hiring decisions, hiring for fit is just as vital. Employees who don’t fit your company culture or have little motivation to work for you may look to leave as soon as other opportunities come along. 3. Offer regular feedback. Employees may disengage if they feel they receive little guidance from management. Avoid this by arranging regular feedback sessions to reward employees for their hard work and to help them understand what you need from them going forward.
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AuthorAshok Bagdy - Cameo Corporate Services Limited Archives
May 2017
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