The article outlines three strategic methods to

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customers. The article outlines three strategic methods to increase retention: 1) pay above the market, 2) provide the opportunity to learn new skills and 3) encourage a favorable work/life balance. Olenski (2015) indicates that a step to increase retention is to offer a competitive benefits package salary. Wall Street Journal points out that providing health insurance, life insurance and a retirement savings plan are all essential in retaining employees. In my organization, we have a comprehensive benefits package in place including health and dental insurance, life insurance, short-term & long-term disability, 401k and paid time off. Olenski (2015) also suggests providing quarterly reviews and to recognize employee’s accomplishments. The article states
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that study data shows that the best companies conduct performance conversations with employees to help them improve and recognize and reward good performers. In my organization, performance management has been a problem that we are striving to improve. The performance appraisal process was not tracked efficiently and often forgotten about. Employees were going years without a formal performance appraisal and increases to their base salary.
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