How Technology's impact on employee satisfaction and retention? The well-being of employees is one of the many aspects of the workplace that technology is affecting. Your employees' performance, productivity, and perspective of their work experiences will all be directly impacted by their emotional and mental health. What's more, almost eighty percent of the workers who took part in the poll indicated that having access to good mental health resources would increase their likelihood of sticking with their business. That is a strong argument for enhancing your employee value proposition to include extra assistance for mental health and wellbeing. With technology, you can do that quickly and cheaply, and it will benefit your staff members as a whole. Reference : S, S. (2022). What is Employee Retention? Programme and Methods . [online] Business Jargons. Available at: https://businessjargons.com/employee-retention.html [Accessed 20 Dec. 2023]. Wardle, J. (2023). How a gr
I n the dynamic landscape of business, the strategic retention of employees stands out as a pivotal factor contributing to long-term success. This article delves into the significant advantages that businesses, particularly in the banking sector, can reap by prioritizing employee retention. While the broader context is inspired by the blog "Integrating Technology in Performance Management: Tools and Trends," our focus here is on the tangible benefits of retaining skilled and committed workforce in the realm of business. The Profound Benefits of Employee Retention: 1. Operational Efficiency Amplified: Employees with long-term tenures bring invaluable institutional knowledge to the table. Their familiarity with operational nuances expedites processes and aligns seamlessly with the company's objectives. 2. Enhanced Productivity Across the Board: Experienced employees, well-versed in their roles, are adept at completing tasks with efficiency. The onboarding of new hires, whil