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Here are ten easy tips for employee retention:

• Compensate fairly: the fact is that money is not the only reason for an employee to stay in a company! But at the same time it does play a significant role in job satisfaction. It is the duty of an employer to pay your employees a competitive salary and honor their service and tenure by giving them rewards and incentives from time to time! Fair pay shows that you respect them and in return you can get their respect as well.
• Never ignore them and always be open to their ideas. In this highly competitive world, the fact is that a majority of ideas come from the employees themselves. An employer just have to ensure that he keeps the lines of communication open. Be a good team leader and respect your employees.
• Never differentiate between your employees and it is advised that you should always treat people as equals. If you really want employees to feel a sense of loyalty and commitment, then give them some kind of ownership over their decisions.
• It is recommended that you should give them some kind of growth opportunities as well. Provide them with all kinds of opportunities for personal and professional growth. Try to give them new opportunities to enhance their growth.
• Say thanks. You are a manager but if you will say this word “thank you” then it will not make you small! Just taking the time to say “thank you” is a simple yet effective way to show them you acknowledge their achievements and those achievements are very vital for the company’s point of view.
• Take them out for lunch. Do some personal attachment strategies with them, may be once in a month or two months.
• Be flexible. If they require to have flexible working hours, then give them some kind of freedom! Don’t be too strict!
• Encourage creativity. Encourage their unique ideas. A successful business venture is flooded with creative people all over! You can afford to keep some…
• Keep them healthy and happy. Arrange for a medical checkup in office premises once in six months. You can also arrange a yoga teacher once in a week.