Retaining Employees Just as Important as Recruiting Them
Sometimes, it may feel like recruiting employees is the easy part and keeping them in the company is much more difficult. There's a reason for this. As Bloomberg Businessweek stated, with the resurging economy, strong employees are becoming more confident in improving their careers, with the national quit rate having taken a notable leap in the last year. This added freedom means that employers will need to work harder to keep their prized employees.
In speaking to industry experts, having a good workplace culture where employees feel appreciated was seen as one of the best ways for employers to hold onto their staffs. If employees aren't happy coming into the office every day, whether they feel under-utilised or under-appreciated, they'll likely start heading for greener pastures in the job market.
A popular solution to this problem is to re-engage employees by giving them new responsibilities and exciting work. If there's an upcoming project that can be done in a more interesting method than usual practices, it's likely that employees will be excited to take the opportunity to switch up their work.
Flexibility and happiness a big plus
Another way that many companies have been able to make their employees happier is to add more flexibility to their work schedules, limiting the potential commuting problem. The possibilities differ depending on the company itself, but allowing workers to complete tasks on their own time can help them gain more satisfaction with the company itself.
Most employees will want to grow throughout their careers, gaining to access to different responsibilities and roles over time, Entrepreneur noted. This means that keeping a pipeline open for advancement inside the company is vital to keep employees interested. Various options can be adopted in this way, whether employers regularly host training courses to improve their employees' skills or regularly update workers about new opportunities throughout different branches and wings of the company itself. Letting staff know that they'll have opportunities to improve themselves and climb the ranks of the company will lead to much better retention.
Personal relationships can even be a good way for managers to keep their staff happy and content. If a worker knows they're on the same page as their boss and company, that person will feel better when they do their jobs, which will help boost their happiness levels. Happy employees don't just lead to improved retention, but better quality work as well.
When in doubt, reward work well
At the end of the day, though, it's important to remember that for all the promises and benefits a company can provide its employees, rewards and perks remain a main reason for them to be working for you. It's important to make sure that employee incentives and benefits are competitive in the market, to the point of affordability. This will give workers a reason to think over any decisions before they leave your company.
Just as important are emotions and company-wide work ethic. If workers feel beaten-down or they aren't happy with current practices, they'll be more likely to leave when they can. Work to make sure that company policies are at their best at all times, and even make sure that all correspondence with employees stays positive. The smallest thing can make an employee leave, but it may also inspire them to stay.