Recruitment and Retention

Human Resource Management is not completed without Recruitment as this is the main function of HRMS. The responsibility to provide the right talent to the organization is of a Human Resource Executive/ Manager. The process of choosing the right talent for the organization is quite strategic as the employee who will be chosen for the company will take the future of the company in their hand and that is why we call the talent as the asset of the organization.

To improve the work area, work culture, the working and implementing style, to get and implement new ideas to expand the business of organization the organization will recruit the new employees and the process of recruitment will be held by the HR Manager or the Recruitment Specialist or the Talent Acquisition Team.

The First stage of recruitment is to list out current openings in organization. After that the responsible person will start posting the requirement on various social media platforms. The recruiter can take help from various recruitment agency who have database of number of employees looking for a change. The organization will also prefer the reference from existing employees as well.

After posting it on various platform the hiring manager will work on incoming calls, text messages or emails from the candidates who wants to apply for the open position. The work of a hiring manager is now scanning the resume, communicating with the candidate, asking them basic questions and if the candidate is preferable and matches with the current requirements then the hiring manager will schedule the interview of the candidate. The interview will be online or offline as per the requirement.

Right after scheduling the interview the hiring manager or the recruitment team will be in contact with the candidate before and after interview. After scheduling the interview, the hiring team will discuss about the candidate and if she/he is suitable then the team will offer job to the candidate to join the organization. The after process of interview will start from now the hiring manager or the team will start the process of on-boarding will prepare all the documents regarding joining and will discuss about the company policy and allowances and deduction as well as other HRMS key features and benefits that candidate will be able to get from the organization.

This was the process of recruitment. This is the important component, but can we mention something which is more important then hiring the new candidate for the organization? Yes, hiring a newbie in organization is important but keeping the existing employee is also most important. Which is called “Retention”.

The employee who joins the organization are important asset of the company. But do we know that the current employees or existing employees are as or more important just like the new employee. If new employee will lead the company with new ideas and technologies, then the current or existing employees are those who have worked hard and took the company from start up to the level up.

To make employee friendly environment for the newbie is important but to make the existing employee comfortable and maintaining this through out the whole journey of the employees are important too. Let us dig deeper in What is Retention?

divide the number of employees that stayed with your company through the entire time / the number of employees you started with on day one * multiply that number by 100 to get your employee retention rate.

The effective ways to maintain the retention of the current/existing employees there are several ways to implement so that the employee will stay in organization for a long term.

1. Career Development Opportunity

   The employee who is selected for the organization comes with a lot of dreams in her/his eyes. It is very important to give the employee to learn something new and to be better version of her/himself. So, when employees do not find any career growth or new learning opportunity the chances are high of employee leaving the company.

2. Only workaholic environment

   The company should be aware of human activities as anybody who is working, they are having one another life apart from the office. So, the management need to look up if the employee is well treated, appreciated, and the organization needs to arrange some fun and learning activity too to de-stress the employee from continually working hours. As they need to refresh their mind to work again properly. If they will be fresh minded and not stressed, then they can give the best output on their work. So, management should understand and act for the work-life-balance for the employee.

3. Critical Work Environment

   For any new employee or the old employee the work environment should always be easy going and helpful. If the employee does not get any favorable environment and the negativity seems to be around as well as toxic and non-understanding seniors and managers, then the employee will not see any growth in the company as well as she/he will be uncomfortable to work or ask for any suggestion.

4. Out of Reach Management

   For any employee newbie or existing both needs the suggestion from the management. If the management does not pay attention to the employee and they seem unapproachable then the employee will be less communicative which leads to a bad retention rate in company. So, management should be always helpful as well as ready to discuss new things from the employee. This is how employee feels comfortable to discuss freely about query and new ideas too.

5. Hiring wrong/mismatch candidate

   Many times, it happens that hiring manager hires someone who is not suitable for current requirements thinking that she/he will learn or capable for the current role. This mistake leads to have miscommunication between the seniors/manager and new joiner. So, the hiring manager should always choose the candidate who and whose skills are matched for the current job.

6. Less/minimal pay out/welfare

   The reason for most employee leaving the current job is we can say the Less pay out/ Welfare. Many time it happens that employees gets the high salary package or other beneficiary from other companies upon their talent. At this time the current company should act on such case as if the employee is well knowledgeable and skilled the management should discuss with the employee regarding the pay out and other benefits. So that the chances of employee leaving the company will be less.

7. Only workaholic environment

   The company should be aware of human activities as anybody who is working, they are having one another life apart from the office. So, the management need to look up if the employee is well treated, appreciated, and the organization needs to arrange some fun and learning activity too to de-stress the employee from continuedly working hours. As they need to refresh their mind to work again properly. If they will be fresh minded and not stressed, then they can give the best output on their work. So, management should understand and act for the work-life-balance for the employee.

   There are several ways to improve the retention rate as we have discussed before that the existing employees are as important as the newbie.