5 ways to Reduce Employee Turnover

1. Analyze: Analyze the data of a few years and analyze patterns emerging. Some clues might be people leaving during a certain month or maybe from a certain department. And most importantly, are you gathering appropriate data before your employees are leaving the organization? Gathering data through exit interviews is crucial for understanding why your company is facing high turnover rates. 2. Giving preference to EQ: Emotional Quotient of your employees is a crucial factor for the smooth functioning of your organization. Employee turnover rates shoot up in organizations where there are high instances of workplace conflicts. Higher EQ translates into better bonding and less conflict in the workplace and finally lower turnover rates. 3. Make Your Employees More Involved: We have seen quite a lot of employees who leave an organization due to their lack of involvement in the decision-making process of the company. When you make your employees more involved in the decision-making process, it creates a strong bond between the company and the individual. Taking your employee’s feedback gives them a feeling that they are a valuable part of the organization 4. Remote Workers All The Way: With the flexibility of working from home, your employees can manage their work-life balance more effectively and ensure that they deliver what is required by the organization. This is a great way to not only reduce turnover but spike productivity. 5. Hiring the Right Fit: Hiring misfits drain the morale of the workplace and generally tend to be a bad influence on the rest of the flock. If employees are not a perfect fit for your organization, they are likely to be unhappy with their work and generally leave after a short period of time without providing any substantial returns for the company. Know more...

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5 Reasons Why Diversity Hiring Matters

Apart from the (obvious) financial benefits of hiring for diversity, there are other factors to take into account. We’ll mention a sample of the benefits that more diverse companies enjoy below. 1. It grows your talent pool Organizations that embrace diversity hiring benefit from a larger talent pool than those who don’t. Their vacancies will gain interest from a wider range of candidates – beca use more people can relate to them – with different backgrounds. 2. It improves employee happiness, productivity & retention Employees who feel that they’re accepted and appreciated for who they are – no matter what their gender, age or ethnic background – are happier. And happy staff is more productive and less likely to leave prematurely. 3. It improves innovation & creativity When people from all walks of life come together, beautiful things happen. The combination of different experiences, working styles, and (cultural) backgrounds sparks new ideas and collaboration. 4. It’...

Reduce Personal Bias When Hiring

Good intentions do not necessarily lead to good results, when it comes to hiring diverse candidates. Internal analyses show that even though the company has interviewed a large number of non-white candidates in previous rounds, the final hires will still be whites. Changes in process and diversity initiatives alone are not going to remedy the lack of equal representation in companies. Individual managers who are often making the final hiring decisions need to address their own bias. Here are the few strategies we recommend: 1. Accept that you have biases, especially affinity bias 2. Create a personal learning list 3. Ask: Where is, or could, bias show up in this decision 4. Reduce the influence of your peers’ opinions on your hiring decisions 5. Understand how reducing bias could personally benefit you Know more...

How organizations can better leverage the effort they put into diversity training?

Diversify your training approach . The absence of any observable change in the behavior of male or white employees overall suggests that we need to stop treating diversity training as a silver bullet. Invest in a multi-pronged diversity and inclusion program that encourages underrepresented talent to join, stay, suc ceed, and lead within your organization. Get data. Regularly collecting and reviewing data will let you know how your programs and policies are performing, so you can make adjustments. Many organizations track diversity metrics around recruitment, selection, and retention. Experiment. Treating diversity training as an experiment an help organizations gain insight into what’s effective and what’s not without reducing the benefits from the training programs themselves. Visit the Website https://www.vividhta.in/ for more!

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