Reducing turnover and supervising employees in an organization has many benefits to its growth and development. It helps to reduce the cost because replacing a worker who is experienced is costly. It is important to note that the cost of replacing a worker is one-third of the annual salary of the new one. You will have to incur expenses by paying for ads. You will also lose time training new workers and interviewing them.
It also leads to consistent production. An unavoidable disruption in productivity will be experienced when experienced employees leave the enterprise. Supervising employees also ensures that work goes on as expected ( Allen & Bryant, 2012) . Some employees can barely work without supervision.you will notice high production when employees are supervised, and it will be low when the same employees are not supervised. This also involves ensuring that your employees are aware of what they are expected to do. Some of those tactics may not work in your organization. Always ensure you go for the ones that fit in well for you to be successful.
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The way you handle underperforming workers in your company also play a role in its growth and development. The first thing that you should do when you notice such an issue is giving the underperforming worker more training ( Allen & Bryant, 2012) . Training will make them perfect in what they do, and this will motivate them to work harder. You can also arrange for a follow-up process. Ensure you work closely with the management team to ensure that the employee goes on well after the training process. You may choose to reward the worker if they do their work better. This will assure them that you care for their welfare.
Reference
Allen, D. G., & Bryant, P. C. (2012). Managing Employee Turnover: Dispelling Myths and FosteringEvidence-Based retention Strategies . Sterling Forest: Business Expert Press.
