Skills shortages, demographic change and other changes in the world of work mean that employers are constantly having to come up with new measures to attract, motivate and retain employees in the long term. Let's take a closer look at some of the most relevant measures, especially with regard to employee participation!
The most important asset of any company is its employees - because they contribute their expertise and passion for the job directly to day-to-day operations. This makes it all the more dramatic for employers when employees resign or cannot be hired in the first place. Demographic change is also putting a (further) crimp in the plans of many employers.
Recruiting and retaining employees thus takes on a whole new significance. In particular, when employees in positions that are important for the company's success leave or change employers, the entire company suffers in the long term. After all, the respective successor has to familiarize himself again and again with the projects started by the employee who has left.
It has also been statistically proven that a high level of employee satisfaction increases productivity, reduces sick leave and increases loyalty and identification with the employer.
In the potpourri of employee retention, numerous measures exist that have already proven successful in the past and across many industries. These include the following steps employers can take:
Employee shareholdings are one of the most rational measures for retaining employees and are also one of the most effective. This is because with direct participation in the company's success, employees not only see the successes they have achieved in the company itself, but also benefit monetarily from services rendered. A distinction must be made between "real" and virtual employee stock ownership plans (ESOP and VSOP):
A VSOP is particularly suitable for the flexible structuring of employee shareholdings, as the time-consuming processes required under company law are no longer necessary.
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