Career counseling is another effective developmental tool. Typically the manager is the best career counselor for the employee since the manager can impact work assignments which can foster career development. Employees should be encouraged to explore career interests to help prevent "burn out" or frustration and surprise from reaching a dead end in their career, and to enhance the employee's skills and, therefore, value to the organization. Another retention strategy is listening to employee ideas and complaints. Employees who do not feel listened to will be demotivated. Listening to employees gives them a sense that they are valued and provides them with a sense of control over their work situation. Providing recognition to employees is another retention strategy. Types of recognition can range from a simple "thank you for a job well done," to a plaque or financial incentives. A mentoring program can be an effective retention tool. As part of its effort to attract and retain top talent, Mercedes Benz, USA recently initiated a mentoring program that pairs experienced managers with student interns. The program offers the students an opportunity to get to know someone other than their direct supervisors and build strong ties to the company. ConclusionIn an effort to reduce turnover and increase retention, organizations should find out from their employees what they truly desire that they currently arent getting. Organization must exert a great deal of effort to develop an effective retention strategy in todays market. Companies must also be able to identify whether turnover is caused by external or internal factors. In the case of internal factors companies can do several things to retain staff.One of the first things an organization can do is hire the right candidates. The recruiting and selection process is very important. The first place to look for employees is within the organization. Someone that might not have been conside...
