The retention of employees is the primary goal of every company. This means that the company’s goal is to keep the employees with talent and create a positive working environment. This is done through promoting engagement, employee appreciation, giving benefits, competitive pay scale, and ensuring work-life balance. This becomes very important when the job market is not so good, and the company wants to retain its talented employees. Many companies make use of employee retention software for this purpose. Let’s find out what it is and how it works.
What is Employee Retention Software?
This is a software application used by companies to motivate their employees and create job satisfaction among them. The aim of the software is to generate interest among the employees towards their job and company so that they become more efficient and productive. This is widely used by the human resource (HR) departments in varied companies. The software has helped many companies in improving productivity, bringing innovation, etc. It is now also available as part of a mobile application for both part-time and full-time employees.
Features of a Good Employee Retention Software
There are many features that should be available in this type of software, some of which are listed below:
- Gamification or game applications are included in the software to keep the employees entertained, as they can take a break from their work and refresh their minds. Many sales departments of various companies have quizzes and puzzles that employees can take part in and get reward points. The more the points, the better the employee is doing.
- When your employee is doing a good job, you need to appreciate and acknowledge his or her work. There are many software programs that are developed in such a manner that they recognize the talent of the employees and also the employee’s performance in the company. These companies offer rewards such as gifts and/or cash to these employees. They are also provided with special perks for their good performance.
- The software also has a feedback tool. This tool enables the employees to give feedback regarding their work profile, leaders, peers, etc. This feedback is provided by the employees in the form of surveys. They do not have to worry about being recognized in case they have provided negative feedback, as this is anonymous. This helps the company in analyzing the issues faced by their employees, and also getting an opinion in resolving these issues.
- Some of these employee retention software programs also have online programs that will benefit the employees. The employee can choose the benefits or insurance listed in the software through mobile applications or even on their computers.
- The software also offers a notification service. This means that the employee does not have to go to the software or application to check if there is something new. If some new survey or game has been uploaded, then the software will notify the employee regarding the same.
- The software also has a dashboard which is used by the HR or manager to track the employee’s level of engagement, trends, scores, etc. This helps the manager or the HR to understand their employees better and generate more enthusiasm towards their work.
Benefits of Using Employee Retention Software
The importance of using such a software program is to measure or know how committed and engaged your employees are. It is important to understand the future of an employee and the growth of the company. The more engaged the employees are, the more the company will profit.
An employee retention software program will also ensure that the employees do not leave the company due to dissatisfaction in their workplace. This is particularly very useful for companies who have huge number of employees and are unable to interact with their employees personally.
