What are the best strategies to retain top talent in your start-up?

We live in a generation of personalization, so even from a talent retention through compensation and benefits also should have some standard and some personalization options as employee financial and needs at different stage of life is different. When an organization is able to cater through a customized compensation and benefits menu for employee at every step of the professional/personal ladder would make it more appealing .

Strategies to retain top talent :- There are many other ways to keep your employees Happy. Many start-ups hire employees as part-timers at the start to work on multiple projects. Competitive compensation and benefits. Career development opportunities. Work-life balance support. Employee recognition and rewards. Employee wellness programs. Employee assistance programs. Inclusive and flexible culture. Employee engagement initiatives. Mentorship and coaching.

I appreciate it to be part of this educational Human Resources Management strategic topic for contribution. Unfortunately, due to limited space for my contribution, I would like to divert readers to read my answer to the topic in question in my article.

Feedback as a term is quite overrated, it should be indeed Feedforward. Employees shouldn't wait for a year/quarter/month for a feedback, it has to be instant and so is appreciation. The generation of today lives in here and now . Understanding the importance of two way feedback is very important , if its only one way that itself is a flag.

Performance Evaluation Q3: Quarterly performance evaluation through the HRM Module to provide feedback and appreciation. As a part of HR Operations, we maintain feedback, review targets, projects, and job descriptions. We request managers to assign marks based on their hard work to keep them motivated, and those who are struggling can rectify their mistakes. There is always room for improvement.

Focus should always be on getting the right people on the bus, who will in turn create the positive culture and environment. Leaders set a very big example by leading the way here by identifying the shared goals and build a long lasting culture . Identifying any non compliances at the root level and plucking it out at the earlier stage is very important to drive a performance culture. Every top performer will have their on cycle of ups n down as we all are humans, knowing this becomes very crucial while the expectations are set. Consistency is the key in longer run , hence progression over perfection is buzz word

I like this one. Most people who join a start-up like big challenges. By overcoming these challenges people learn. A startup provides more challenges of a varied nature. For some this is fun for others it's overwhelming.