Here are ten top tips on ensuring staff retention doesn’t take a nosedive.
(1) Nurture an employee’s talent and invest in enhancing their current skills
Training is arguably the greatest investment that an employer has to ensure healthy healthy staff retention. Boosting morale and increasing performance levels, it is proven that workplaces that encourage the development of staff hold a lower employee turnover. Demotivation is a common reason why untrained employees choose to leave a business, often moving on to enhance their skills and stay up to date with the latest happenings of their chosen industry.
Frequent training not only gives a reason for staff to stay within the business, but also ensures that they are constantly evolving and using their new skills to benefit the workplace.
(2) Recognition and reward – key to staff retention
It may seem like a no brainer, but employees appreciate being recognised and rewarded for good performances and key achievements. A simple “thank you” can make a world of difference to an employee who may feel that they are not valued. Unsurprisingly, pay rises can play an instrumental role in retaining staff. A simple bonus scheme that is easily understandable can really work to motivate staff and give a reason for them to strive to meet targets.
(3) Ensure that employees know exactly what their role entails
Employees often hold a wide range of responsibilities, and they can be unsure of the tasks that they have to perform on a daily basis. It is crucial that employees are aware of exactly what is expected of them. If they are unsure of their role within the business it can be impossible for them to perform to the set standard. This will have a major effect on morale and demotivate a team, causing them to seek another position.
(4) Listen up!
Employees often stay within a company for years if they feel that their voice is being heard. Providing a setting and atmosphere where people feel comfortable enough to voice their opinions, positive or negative, not only makes them feel valued but gives the employer the opportunity to continually improve.
(5) Promote from within
Giving employees a clear path to career progression ensures that they see a future within your business and stay loyal. From an employer’s perspective, it is also a cost effective approach and holds the benefit of not having to train a person that has been appointed externally.
Five more points await on the next page.
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