The grAde

Running Head: FOLLOW THE LEADER: 7 EMPLOYEE MOTIVATION AND RETENTION STRATEGIES USED BY TECH GIANTS 1

FOLLOW THE LEADER: 7 EMPLOYEE MOTIVATION AND RETENTION STRATEGIES USED BY TECH GIANTS 3

Follow the Leader: 7 Employee Motivation and Retention Strategies Used by Tech Giants

Abduallah Alajmi

20th October 2018.

Follow the Leader: 7 Employee Motivation and Retention Strategies Used By Tech Giants

Tech Giants have succeeded in ensuring that their employees are well motivated thus retaining them. Like any business organization, they delight in seeing their best employees around. They have employed the following motivation and retention strategies which other companies can borrow a leaf. To start with, they offer employee purchase and pension. Employees are offered with the opportunity to buy stock in the company with an aim of ensuring that they feel part and parcel of the business organization. Apart from that, they also ensure that their employees have the best pension scheme ever thus motivating them to stay till retirement beckons. Secondly, Tech Giants offers their employees with paid maternal and paternal leaves. Unlike other companies, they spend quite a lot of money in ensuring their employees are paid during this period. For example, Google grants maternal leave of five months and a paternal leave of twelve months. The Tech Giants offer something more than just basic health insurance. “Most of the big ones offer at least dental insurance along with general health insurance plans.” (Rogers, 2018) Tech Giants industry offer encourage their employees to advance their knowledge by either catering fully for their tuition fees or reimbursement of tuition fees. An example is that plan rolled by Microsoft, adobe, Salesforce, and eBay. They also encourage their employees to work on their personal projects thus enabling them to expand their financial gains and follow other interests they have. They also give “some small perks” (Rogers, 2018) to its employees such as free gym, a childcare plan, free dry cleaning, and reimbursement of travel expenses. Finally, The Giants do all means to ensure that their employees are happier. They do so by the use of the strong HR department which works actively to investigate the desires of their employees thus granting them.

References

Rogers, M. (2018). Follow the Leader: 7 Employee Motivation and Retention Strategies Used by Tech Giants. Business.com.