Wish You A Very Happy Work Anniversary!!!
Congratulations on another successful year in your career. May success follow you, each and every place you go. In the halo of prosperity, may you always glow. May you get everything, that you could ever ask for. Great times lie ahead for you Happy Work Anniversary!!!
Ghodemukh Suggest You:
- Solid Knowledge Base
- Invaluable Support System
- Indicates Stability
- Cost Effective
- Retention Strategies
Employees who have been with the company for many years have considerable knowledge of the company’s culture and its products and services. They have experienced many changes within the workplace, and consequently understand what works and what doesn’t. In performing their job duties day after day, they develop a strong knowledge base, which results in higher productivity because fewer mistakes are made. For example, long-term workers in a manufacturing company have a keen understanding of production procedures and manufacturing techniques, which ultimately leads to higher sales.
Each time you hire a new employee, you must train him. Long-term employees have already undergone this process and can be an invaluable support system to new employees. For example, the same accounting or clerical issue that the new hire struggles with can be immediately solved by a long-term employee, freeing up more time for everyone. If the new employee becomes stressed or overwhelmed by his job duties, the long-term employee can reassure him that in time he will get the hang of it.
By being with the company for a number of years, long-term employees reflect a stable work environment, which improves morale. Each time an employee quits or is terminated, it disrupts the work environment because a suitable replacement must be found. Further, in an economy where jobs are scarce, long-term employees indicate a secure work environment. High turnover can create uncertainty in existing employees, as they begin to wonder whether they’ll be next.
Employee turnover costs the company money. Costs vary by company, but typically include separation fees, such as for exit interviews, administrative tasks related to termination processing, severance or separation pay, and unemployment compensation. Replacement costs include advertising for new jobs, screening applicants, conducting interviews, and administrative tasks related to hiring. By retaining your employees, these costs are not an issue.
Long-term employees are loyal to the company, but you must work to keep them as such. Motivate them by providing competitive health insurance and retirement plan packages. If possible, promote from within rather than hiring a newcomer. Offer paid benefit time, such as personal, sick and vacation days, and annual raises and bonuses. Show your generosity by offering small perks weekly, such as free snacks or bagels. If employees are leaving, find out why by conducting "stay interviews" with employees who are still there. Use the information to tighten your employee retention techniques. Have an open door policy so employees feel comfortable approaching management with work-related problems. Treat all employees with fairness and respect.
If you are looking to build your next (or first) mobile app and need help with one or more of these steps, you’re in luck! The moPharma Group welcomes app owners at any stage in this process. Whether you are a startup or Fortune 50 company, we have the team and knowledge needed to deliver a fantastic mobile app. Please don’t hesitate to write us today.