3 Tips For Improving Employee Retention

Hiring the right people for the job is hard enough, but keeping them is even harder. Finding someone who checks all the boxes is difficult and can be disheartening when that talent moves on to another company after a year or two.

Employee retention can be just as stressful to employers as the hiring process itself, and it’s no wonder thanks to all the talk about the Great Resignation.

Whether it’s involuntary turnover, or employees leaving for different opportunities, employees seem to come and go constantly.

Employees expect pleasant workplaces, fair pay, and good treatment from management, and if they feel those expectations aren’t being met they will leave. There are a number of things you can do to improve employee satisfaction, and hopefully, also improve your employee retention rate.

1. Give Employees More Recognition

One of the leading factors that make people leave jobs is feeling unappreciated. Employees that do great work, go above and beyond or otherwise deserve some recognition will quickly get frustrated if it feels like management never acknowledges their hard work.

If you don’t give employees the attention they want and deserve, they will simply find another employer who will. Prolonged lack of recognition will eventually decrease workplace morale and could cost you your best workers.

To combat this, try implementing more practices in the workplace that help employees feel valued. This can be as simple as year evaluations, and as complicated as introducing a reward system to the office. Whatever you choose to do, make sure you let your employees know how appreciated they are, and that you absolutely notice everything they do for the company.

2. Make Sure Your Employees Have Work-Life Balance

Fewer and fewer people are willing to work jobs that don’t allow for a healthy work-life balance. People won’t work for 50+ hours a week, or ridiculous amounts of overtime anymore, and they’re making it very clear. If your employees don’t have time for themselves, their families, and their hobbies as well as spending time at work, they will experience burnout.

Once employees get too burned out from long hours and not enough free time, their quality of work starts to slip along with their job satisfaction. This can also lead to employees leaving your company in search of one with fewer hours or more flexible schedules.

Offer your employees remote work if you can, and if not try to offer more flexible schedules. If you’re currently expecting 50+ hours a week from your employees, or regularly ask them to stay for overtime, consider stopping and instead only asking for reasonable amounts of work per week.

3. Give Employees The Appropriate Pay And Benefits

Competitive benefits can be the make it or break it factor for employees staying with or leaving a company. Employees expect fair pay and benefits through their workplace, and many will not settle down in a company that doesn’t offer them in some form.

Offering bonuses or paid time off, as well as whatever benefits your company can reasonably afford, is one way of showing employees you care about them and their well-being. Benefits that slowly get better over time are another great way of keeping employees around.

Article Link - 3 Tips For Improving Employee Retention

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Author - Staff Writer

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