Do you struggle with retaining staff?
Do you struggle with retaining staff? – 15/07/2019
According to the Harvard Business Review, 40% of workers are planning to look for a new job within the next six months, and 69% have said they are already actively looking.
For employers this can be a worrying figure as recruitment can be costly for businesses, not only costly in financial terms but time costly too!
Most employees take jobs based on how big their salary is, what retirement plan is in place and other factors such as working hours or holidays. However, these factors are simply are not enough to keep your best employees on the workforce for the long haul. After putting in countless hours, energy and investment to finding the best employees for the role, it is important that you know how to retain them!
So where should you start?
Well firstly, you need to know why employees are leaving! You can find this out by having confidential attitude surveys or even exit interviews.
Some of the most common reasons are:
- A lack of training and development opportunities;
- Non-existent work/life balance;
By figuring out the problem, it is then easier to resolve!
How do you retain employees?
Here are a few simple tips:
Communication is key! Make sure communication is clear and direct. If any issues arise, don’t avoid them. These issues should be addressed, by doing this it will prevent issues from manifesting and creating a negative environment. Furthermore, communication is not only about speaking but it is also about listening! Listen to what your employees have to say and encourage employees to voice ideas. This in turn will make them feel like a valued member of the organisation.
Recognize hard work
Four in Ten employees do not feel valued by their current boss. By recognizing individual employees that are working hard this will make them feel appreciated. Rewards are often a great way to show recognition, but they don’t always have to cost the organisation money, sometimes providing positive feedback can be just as effective. Or other cost-effective methods can be letting employees either leave work early or come in later.
Create a positive working environment
You can have a professional work environment without it being dull. Encourage humour and fun within your organisation! Happy employees are more productive, so encourage staff nights out. This will help employees’ bond and create relationships with those they work with. If there are good relationships within your business this will help to retain employees.