By Chris Kirubi.
As a Kenyan and regional employer, I must
admit that one of the biggest challenges we face in the Kenyan job market is
employee retention. The truth is this; a business cannot amount to much nor
achieve much without excellent human capital. So, how do we keep our people
engaged? How do we retain them in the face of thriving competition that
threatens to poach your very best?
Back in my day, we were adequately
persuaded with financial incentives. You either got a hefty salary
increment, or a sizable commission. The larger the financial increment, the
more likely the company was to retain the high performers. However, in a work
era where employees aspire to more than just financial satisfaction, it is no
longer enough nor acceptable to conduct business in such a manner. Not unless
you want to fail.
They want a work place that is flexible to their
needs. It can no longer be run like a mill, and ESOPs (employee stock ownership
programs) just don’t make the cut anymore.
These are challenges that the employer
must address in order to retain high performing individuals while meeting
performance targets. There is no question that such schemes are costly to
maintain, in addition to all other inflationary pressures. As a result, the
employer feels the pressure to maintain the wage bill under a certain threshold
leading to massive layoffs.
This account is made from the employer’s
point of view. But how about when the shoe is placed on the other foot? How do
you as an employee ensure that your employer retains you on his payroll?
Aside from the threat of layoffs, there
are many young people who are working for the companies of their dreams.
However, the lack of career progression makes them feel disillusioned and
tempted to throw in the resignation towel.
So how do you ensure that you get that
promotion that you feel is worth your potential? Or at worst, how do you ensure
that the re-organisation program is completed with you in mind?
Obviously, your previous work experience
and educational qualifications will come into play. If you have been a bad
worker, this may be a good opportunity for the employer to get rid of the
rotten tomato. But if all other factors are constant and above board, here are
some tips to give you a competitive edge over the competition.
1.
The most important quality that you can demonstrate is the ability
to lead: Employers want to grow and retain people
who are able to be in charge, to influence others and to win while doing so.
This capability contributes directly to the bottom line, and as Robin Sharma
put it in his 26th rule of work, leading entails thinking for yourself. Don’t
be the type of person that has to be told what to do every minute of the day.
Show initiative and think for yourself, it frees up your boss to attend to more
important matters.
2.
The other very important quality that is requisite is the ability
to understand the fundamentals of the business: You must have some understanding of what
the greater picture is for your business. It is not enough to merely say that
you are not in management, or that these fundamentals have not been
communicated to you. Such behaviour demonstrates an employee who is asleep and
unconscious on the job.
Be ready to demonstrate your understanding of these fundamentals at an interview or in your interactions with your superiors. For example, where does your company place itself in the industry? What are its values, its vision and general strategic perspective? What opportunities does the market present? Who is the competition and what are the global trends? What image does it desire to project?
Be ready to demonstrate your understanding of these fundamentals at an interview or in your interactions with your superiors. For example, where does your company place itself in the industry? What are its values, its vision and general strategic perspective? What opportunities does the market present? Who is the competition and what are the global trends? What image does it desire to project?
The truth of the matter is that unless
you understand your business, your company, your employer… you cannot be an
effective warrior; this is what every commendable employer seeks.
So before you throw in the towel at retaining that very lucrative post, remember that survival is only for the fittest, and that there’s probably much more that you can do to ensure your own career progression or job retention.
Chris Kirubi is a renowned Kenyan Entrepreneur. Forbes Magazine recently ranked him as one of the richest African with assets worth $300Million or roughly K'sh 25 Billion.
So before you throw in the towel at retaining that very lucrative post, remember that survival is only for the fittest, and that there’s probably much more that you can do to ensure your own career progression or job retention.
Chris Kirubi is a renowned Kenyan Entrepreneur. Forbes Magazine recently ranked him as one of the richest African with assets worth $300Million or roughly K'sh 25 Billion.