In a recent interview with JobsDB Singapore, recruitment experts from Hays warned employers to revisit their retention strategies in response to a fast improving job market.
“The downturn may have kept good people with an organisation, but now the job market has improved, unhappy staff will explore their options,” said Chris Mead, General Manager of the popular recruitment firm. "In a recent survey, 54 per cent of respondents said they know ‘quite a few’ people who are now looking to change jobs."
Effective Retention Tips
"Consider your employees' work/life balance", advised Chris. "If workloads are no longer manageable in the standard working day, it might be time to find extra help – consider using a temporary resource to boost resources short term."
Chris also recommended employers to give recognition to their staff. "Give staff positive feedback and praise. Internal recognition for a job well done can go a long way."
Communication of action plans is also a great retention strategy as it can boost confidence and morale amongst employees and it won't financially, according to Chris. "This can be as simple as a staff satisfaction survey."
The full article is available @ www.jobsdb.com.sg/Singapore
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Thursday, December 10, 2009