The backbone of every good business is a strong and united workforce that consists of the truly driven and dedicated. If your business has a high employee retention rate then, chances are, your business is consistently producing great results. This is a particularly pressing issue to business owners as employee turnover has become a top concern.
Since individual wants and needs don’t allow for a cookie-cutter answer that will ensure your people are happy and satisfied with their position, it is a constant process of trial and error. Every single person in your company is different, but their individualities can also be your greatest strength to make sure that your team doesn’t lose key employees.
In order to ensure that you build a positive company culture and environment for your employees, it is vital that they feel that their needs are being met or, at the very least, noticed. Gone are the days when there’s a huge wall between the management and the work-force; It’s all about making sure that your people feel like they are a part of the bigger picture of your company.
If you are a business-owner or someone who works closely with the employees, we’ve prepared a list of some of the best ways you can train and retain your people. Read on for our tips:
1. Promote open communication.
Managers have the power to cultivate a healthy and open relationship with their employees through regular check-ins, promoting transparency, and being receptive to feedback. This goes both ways, too! Rather than just evaluating an employee’s performance, one thing you can try is to encourage everyone to provide their insight on company rules and projects.
We recommend wielding traditional methods such as surveys and one-on-one sessions to gather their perspective. By making sure that the employees feel that their opinions and comments are valued, take time to analyse and remedy the actionable ones.
2. Provide advancement opportunities.
Remember how people say that you are only as strong as your weakest link? This is particularly true for businesses as well. The way that you should be looking at your personnel is that they’re the foundation of your whole endeavour. This means that you should pay close attention to each and every facet, and make sure its flourishing to the best version if can be.
Employee development can massively boost employee experience, which can lead to employee retention. We suggest that you truly get to know every crew member of your ship, and create a roadmap for their work goals. Track these, and establish measurable objectives that can be honed and trained on your part. We recommend that you invest in a training management system that will efficiently help you organise these steps.
3. Find what your employee’s problem with work are, and help remedy them.
Now, we don’t mean that you should do a complete 360 degree shift in your work set-up. What we mean by this is find ways that can make the job work for your employee’s. Work flexibility is becoming a widely-accepted company practice, and there’s no reason you should not incorporate it into yours.
Unless the job description truly calls for a person to be in the office every single work day, then remote or flexible work may be worth considering. You can even come up with more unusual ones like more holiday leaves, or gender-neutral parental leaves.
Since employees can quit a job for seemingly simple reasons such as a tiring commute, finding out what will make their time at work become more comfortable is definitely something every manager should set their sights on.
In today’s competitive job market, employee retention is a key factor in success. Once you find good personnel that truly want and work hard to see your business succeed, it’s your turn to treat them well back!