WorkTime Redefines Staff Retention Practices or How To Retain Talent With WorkTime?
Turnover minimization, or staff retention, strategies have become important in the world of the sharing economy. Experts say it costs approximately three times an employee’s salary to replace the person, which includes recruitment, training and lost productivity costs. WorkTime employee computer monitoring software assists in staff retention practices.
To begin with, there are 5 main reasons why employees quit their jobs:
- The actual job hasn’t met their expectations;
- Managerial staff is neither loyal nor supportive;
- Financial reasons;
- Employees feel themselves undervalued;
- Stressful routine.
To prevent valuable employees from leaving your company, employee computer monitoring software could be applied.
WorkTime promotes employee loyalty
To raise corporate fidelity among your staff is easier than one could ever imagine! Let your experienced and valuable employees work from anywhere they want. This could be either their own home location, or the favourite café, or a cosy co-working space. The freedom to choose the spot to work from, – would build attractive corporate culture and relevant loyalty of your staff. Simultaneously, employee computer monitoring software that is cloud-based empowers flexibility in this issue and the work done.
WorkTime reduces workplace stress
Workplace stress is often associated with unnecessary micromanagerial techniques. Standing over your staff’s backs and controlling every step wouldn’t do any good, it justs bakes draconian environment. To get rid of this stressful and unproductive practice (for staff and the managers as well), employee computer monitoring software could be applied. WorkTime – that monitors in a non-infringing and respectful manner – promotes both respectful employee-employer relations and a quality performance as a result.
WorkTime facilitates employee training
Employee monitoring software shows the habits of staff computer use: how much time they devote working with applications / whether they get distracted by Facebook and games, etc. The data received could be advantageously applied to develop training or mentorship strategies suited for your company needs, Behavioral Analysis Report and Web Surfing Habits Report facilitating the issue. And companies – that invest in assisting their staff to perform as good as they can – win the employees and increase corporate performance.
WorkTime builds efficient payrolls
There is no better way to show your appreciation to the hardworking employees than to offer a competitive salary and monthly or annual bonuses. On the basis of employee monitoring software reports, it is possible to reward the over performing staff, which also motivates the rest to work better. The data from employee monitoring software reports – e.g. Report on Attendance Issues, False and Real Overtime, Social Activity Reports and Wasted Salaries Report – assists in evaluating personnel and developing relevant payrolls.
WorkTime ensures timely promotions
Apart from the financial compensation, valued staff should be provided with growth opportunities. Career promotions based on employee contribution does both: it retains the staff promoted and attracts top talent to your company. The analysis of employee monitoring results makes the promotions well-timed. For instance, millennials are extremely career ambitious, WorkTime providing the timely growth background for them not to job-hop.
Therefore, it takes employee computer monitoring software to retain the top talent inside your company and make your team engaged, – which really pays back in terms of the staff loyalty and overall productivity!
WorkTime, employee monitoring software that redefines staff retention practices www.worktime.com