Question

A good conclusion for an employee retention paper.

Answer 1

When it comes to critically evaluating the other parties, we are usually very keen on doing the same, putting ourselves, as employees of the Organization, into the shoes of a ‘Judge’. However, on the flip side, it is very challenging to self-evaluate and introspect ourselves and then determine how worthy have we been, in realizing the Organizational goals. Such a self-evaluation may help us reflect upon ourselves more efficiently. Upon self-evaluation, one can, as an employee, thereby link one’s own performances with that of the expected performance by the Superiors. Bridging the gap could be possible during the time of Performance appraisal session with the Superiors and accordingly, more constructive responses could be obtained by the employees because they shall be in a state to equate themselves with the ‘Employee satisfaction’ factors more. The responses would simply not involve what the employees expect the Organization to do to satisfy the employees but rather what possible activities have the employees undertaken that helped the Organization to in turn create a conducive ambience of learning and growth for them. Hence self-evaluation could be one of the strategies for employee retention.

Other important elements of an employee retention strategy include a competitive pay structure and advancement opportunities, ideally as part of a total rewards program that encompasses pay, incentives, and benefits, as well as a focus on important cultural and work-life balance concerns. The design and implementation of effective solutions will take time, effort, and long-term commitment. Nevertheless, as the competition for the best performers continues to intensify, developing consistent and coherent employee retention strategies will become even more important to improving bank performance.

Note: Without knowing what the paper particularly deals with in case of the strategies for employee retention, it is not much possible to conclude the same. The above conclusion hence is a general one.