Retaining High Potential Employees

 Some practices done by companies to retain their high potential employees.

Promotion or salary hike

It is traditional and highly effective technique used by companies to retain their high potential employees. If any high potential employees can leave or wants to leave company because of getting high salary or better post in another company then company uses this way to retain them.

Training and development

 

If any high potential employ is in the growing stage and he/she may leave the company for further trainings, studies, etc., So in this case company tries to full fill their wish but for staying in a safer line they also make contract with them about their working period like 3 or 5 year and they also get full salary.

Giving them company's Assets

Some company’s assets which company gives to their high potential employees to retain them in the company

1. Giving them car for faster travelling
2. Giving them house/apartment near office to save time.
3. Giving them servant/driver
4. Giving them free foreign trip with their family.
5. Giving their children scholarships.
6. Giving them some shares of the company.

First Five points which was discussed above will be taken back from the employees if the leave the company.

In some cases after some time money will  not be anymore motivation for high potential employees, so companies do these practices

Giving them award

Giving award to them in front of whole company in some ceremony/event etc. Shows the respect which company want to show about him. Now a days thank you! Notes, social recognition program taken place.

Represent them as the face of the company

In some cases high potential employees were sent to do seminars, events, meeting on behalf of their company. They get chance to represent them as company. Now using social media networks company try to make them the face of the company.

Involve them in decision making process

Involving high potential employees in decision making process gives them the felling of ownership. And if they feel that  their opinions and thoughts are being listened they also by their own will not want to leave company.

 

Making them mentor

After being senior some high potential employees have not much work to do, so now some of them wants to teach/tell their experiences because of that some of them also leave their job. Some companies  use this as an opportunity because high potential employees’ wish to teach is also fulfilled because of that they were asked to mentor new high potential employees. And those new employees get special training.

Conducting exit interviews

Companies conduct exit interview so that they get to know the exact reason why these employees want to leave the company and for the case of high potential employ they try their best to resolve at any extend. Actually they try to full fill all the wish which high potential employees have. And if any high potential employees wants are fulfilled so they do not leave the company. 

THANK YOU!