Although many businesses wish to maintain their top talent, shockingly, only some are willing to put forth the effort this task requires. There are a variety of reasons why people leave their jobs. While some of them are outside of employers’ control, many are directly attributable to behavior on the part of employers. In other words, if you wish to hang on to your most valued team members, you must make some changes. The following pointers are likely to prove useful in your efforts to boost employee retention rates.
Don’t Allow Suggestions and Grievances to Fall on Deaf Ears
It should come as no surprise that workforce members appreciate feeling heard. So, if your employees feel they don’t have a voice, they’re liable to become disillusioned and justifiably cynical about how your business handles worker grievances. An attitude of indifference towards employee well-being is hardly conducive to company loyalty. Why wouldn’t someone leave a job at a business that doesn’t value them the instant something better came along?
To nip such problems in the bud, encourage employees to come to you with any questions, concerns, complaints, or grievances. Since some people will be understandably hesitant to do so, emphasize that there won’t be any consequences for reporting problems or making suggestions. For employees wishing to report things anonymously, place a suggestion box outside your office or in another easily-accessible spot.
Provide Training When Necessary
Due to the constantly-changing nature of technology, many jobs require training on a fairly consistent basis. Such activity is necessary for many workers to find keeping up with technological advances exceedingly tricky. Fortunately, there’s no shortage of ways to provide your workers with the required training. In addition to having instructors come in and provide hands-on courses, you can also utilize a convenient professional learning platform.
Emphasize Productivity Over Office Hours
Over the last several years, many employers have experimented with giving employees greater control over their respective work schedules. If productivity doesn’t suffer and projects are completed on schedule, the time your employees spend in the office should be irrelevant. As we learned during the COVID-19 pandemic, many modern jobs can quickly be done from the safety and comfort of home. For many workers, this highlighted how outdated the traditional workday has become.
So, if you’re looking for an effective way to please workers who value schedule flexibility, emphasize productivity over actual office hours. As long as team members hit their work quotas and meet deadlines, it shouldn’t matter whether they’re at home or in their cubicles. Employees who contend with physical and mental health issues, have families to care for or dislike the daily grind will surely appreciate enhanced control over their schedules.
Promote from Within
Most people dislike feeling as if their lives are becoming stagnant. This is particularly true in the case of their careers. From the desire for more money to a lack of new challenges, there are many reasons people wish to change things up on the job front.
With this in mind, you should promote from within. In addition to helping you retain top talent, awarding high-performers with well-deserved promotions will incentivize other team members to go above and beyond the call of duty. If your employees feel they’re working towards something instead of simply jogging in place, you’re likely to see a consistently motivated workforce. Furthermore, businesses that regularly promote from within tend to have healthy employee retention rates.
Many workforce members have taken back control of their professional destinies in recent years. Rather than allow employers to dictate precisely how far they can go, these individuals have forged their paths. As such, if your top talent feels like their skills are undervalued or underutilized, they’re liable to set out for greener pastures. To help ensure that your most valued team members remain with your business for years to come, heed the advice outlined above.
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