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It is perhaps the human resource that defines the future of any company and as far as the overall industry is concerned, human resources play a significant role in shaping it up. It is the talent that every man and woman possesses that defines the destiny of the company and simultaneously of the industry. There are people who change jobs to get a hike in their package. The other company who hires them finds their credentials suiting the needs of the company and therefore they pick them by giving a higher package. But it is certainly not a wise thing to lose your efficient men to others. They are leaving your company for a reason and it is important to understand that reason do every possible thing to retain them. Now you can’t force them to quit but you can certainly offer them something that they can’t refuse. It simply does not make any sense to lose your employees who have been in the company for the last many years.
The importance of employees is largely felt in the construction sector. Competent employees are paid real well and if one gets a chance to work for a big construction house then he can definitely expect a better package. In this entire situation, there is someone who is at a loss and it is the construction company who is losing an employee. They call it attrition. There are some construction companies whose attrition rate is really high. This means that the company is either not doing well which is why people look for other prospects or they do not take good care of the employee.
Every construction company should value their employees. The loyalty of the employees really matter and if you do not give them their worth then they will search for it at some other place. You have to understand that if an employee is there with the company for many years then he has also set some expectation and it is the duty of the employer to fulfill those expectations. Don’t take their loyalty for granted. Do not ever think that they are with you because they do not have anywhere else to go. If you think this then it will only hurt you in the long run.
Treat your employees with dignity. Try to at least offer your smile and if someone wishes you reply to him. By this you are respecting them and treating them with dignity. Make them feel that they are important to the company. They should be excited to come to work every day. The day the excitement ends, they will start looking for other options.
When you have an employee who have been with you for the many years and has now offered his resignation, you should probably sit with him and try to know the reasons why he wants to quit. If he wants to start his own business, you should probably wish him all the best but if he is intending to switch to some other construction house then you should try to know what you can do to retain his loyalty. You never know he may stay with you if you offer him something wonderful.
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