Question.4209 - Topic 3 DQ 1 Start Date & Time Jan 27, 2025, 12:00 AM Due Date & Time Jan 29, 2025, 11:59 PM Status Active Assessment Description What are some best practices for retaining the current employees in key positions within an organization? What actions might an organization need to take to ensure company sustainability and competitiveness? Provide an explanation for your response.
Answer Below:
PHPWord body {font-family: 'Arial'; font-size: 11pt;} * {font-family: 'Arial'; font-size: 11pt;} a.NoteRef {text-decoration: none;} hr {height: 1px; padding: 0; margin: 1em 0; border: 0; border-top: 1px solid #CCC;} table {border: 1px solid black; border-spacing: 0px; width : 100%;} td {border: 1px solid black;} h1 {font-size: 20pt;} h1 {margin-top: 20pt; margin-bottom: 6pt;} h2 {font-size: 16pt;} h2 {margin-top: 18pt; margin-bottom: 6pt;} h3 {font-size: 14pt; color: #434343;} h3 {margin-top: 16pt; margin-bottom: 4pt;} h4 {font-size: 12pt; color: #666666;} h4 {margin-top: 14pt; margin-bottom: 4pt;} h5 {font-size: 11pt; color: #666666;} h5 {margin-top: 12pt; margin-bottom: 4pt;} h6 {font-size: 11pt; color: #666666; font-style: italic;} h6 {margin-top: 12pt; margin-bottom: 4pt;} .Title {font-size: 26pt;} .Subtitle {font-family: 'Arial'; font-size: 15pt; color: #666666;} body > div + div {page-break-before: always;} div > *:first-child {page-break-before: auto;} @page page1 {size: A4 portrait; margin-right: 1in; margin-left: 1in; margin-top: 1in; margin-bottom: 1in; } Retaining employees in key positions is crucial for an organization’s success and long-term stability. One of the best practices is to provide opportunities for professional growth. Offering training programs, mentorship, and career advancement pathways can help employees feel valued and engaged in their roles. Regular performance feedback, along with clear development goals, fosters an environment of continuous learning (Warin & Darmawan, 2024, pp. 27-34). Additionally, offering competitive compensation and benefits packages is essential. Employees in key positions should be compensated fairly, with attention to industry standards and recognition of their contributions. Including bonuses, flexible work arrangements, and health benefits can also help boost employee satisfaction and loyalty. These strategies ensure that employees feel appreciated and that their contributions are integral to the organization’s success. There are several strategies that need to be followed by the organizations to ensure a positive work culture. To ensure company sustainability and competitiveness, organizations need to focus on fostering a positive and inclusive company culture. Employees are more likely to remain with a company that aligns with their values and provides a supportive, collaborative environment (Ispiryan et al., 2024, p. 4). Strong communication, recognition of achievements, and promoting work-life balance all contribute to a positive workplace culture. In addition, staying agile and adaptable in response to industry changes is essential for competitiveness. Regularly assessing market trends, embracing innovation, and investing in technology can help an organization stay ahead of competitors. By balancing employee retention with strategic business practices, organizations can build a foundation for long-term success and maintain a competitive edge in their industry. References Ispiryan, A., Pakeltiene, R., Ispiryan, O., & Giedraitis, A. (2024). Fostering Organizational Sustainability Through Employee Collaboration: An Integrative Approach to Environmental, Social, and Economic Dimensions. Encyclopedia, 4(4), 1806-1826. https://doi.org/10.3390/encyclopedia4040119 Warin, A. K., & Darmawan, D. (2024). Fostering Adaptive Employees: The Importance of Continuous Feedback in HR Development. Bulletin of Science, Technology and Society, 3(3), 27-34. https://inti.ejournalmeta.com/index.php/inti/article/view/75More Articles From Workforce Planning
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