Retaining the Work Force
According to Kelly Global Workforce Index, chances that Indian employees say they are happy or very happy in their current jobs are 66 in 100. That means, more than fifty per cent our work force is satisfied in their job including working environment. India
Employees sincerely work for the organization which provides them the most valuable employment offer. Money, recognition, involvement, affiliation, career prospects etc,, are some of the factors on which organization can build employee satisfaction.
How do we keep employees committed to the organization? Of course, by continuous stimulation. Motivation is an important factor in keeping employees stimulated. Motivated employees will not usually leave their organisations for simple reasons. In a recent study in Gas Authority of India Ltd. it is observed that organisational motivation plays an important role in employee retention.
Some of the factors that motivate employees include :
Ø Recognition
Ø Financial Incentives
Ø Co-operation of the Boss
Ø Job Security
Ø Peer relationship
Ø Responsibility and Authority
Ø Challenging job
New generation organizations use Self Managed Work Teams (SMWT) as a successful motivational tool. SMWTs usually result in the increased flexibility, reduction in response time, reduction in working process inventory, early detection of defects, improved quality, and increased pride in workmanship. Members of SMWTs have the autonomy to diagnose problems, collect required date, experiment with new ideas and implement their own solutions. Generally SMWTs are natural work units composed of five to fifteen people, which produce a whole product and provides a complete service. In other words each team is a small business unit into itself. SMWTs offer a feeling of recognition, peer relationship, responsibility and authority, and co-operation of the boss. No employee leaves an organization if he feels that he is important.
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