Hiring employees can be a long and costly process. There is time and money that goes into recruiting, interviewing, and hiring, as well as time and money to train new employees and get them up to scratch with all things that are going on in the business. That is why it is important to look for ways to retain your employees, so that they’re able to, and want to, stay with you for as long as possible.
Retaining employees is something that is critical to the long-term success of your business. Keeping your best employees for a while ensures major customer satisfaction, increased sales, happy coworkers, and effective planning as you have a team with a lot of business knowledge and who know the business inside out.
Exit interviews with employees that have chosen to leave help to give you answers as to why people are leaving. This information can be used to help to retain the other staff. If they felt unhappy or that there was a lack of training, then think about what you can do to train employees and create a better atmosphere at work, for example. Happy employees will rarely look for a new job, so happiness of your team should be a priority. Here are some other tips for employee retention; is there anything else that you would add to the list?
- To start with, you need to let your employees know exactly what you expect from them. They can be left feeling unhappy if they get told a project was done right, but if they had no clear guidance for what was expected for the project. Keep them informed and share expectations, so that neither of you are disappointed.
- Allowing employees to make use of their talents and skills is something that can be really positive to help them. When you have a motivated employee who wants to dowork in outside areas from their specific job role, then it can be a good thing to take advantage of. So get to know the team and where their passions lie. Then you can tap into it. It will help them, as well as the business.
- What kinds of things do you offer your team? Are there any health & benefits that you can make open to them? Looking for discounts with local companies and gyms can help, or providing free things at the office, like fruit and drinks. If they are tempted to leave but they get a free gym membership with you, as an example, they could be tempted to stay with you, rather than seek out another job, because of the great benefits that you offer.
- Providing a platform for your employees to be able to speak their minds freely, is an important thing for employee retention in any business. Do you allow ideas from the team, and are people comfortable with providing feedback? If this is the case then it helps employees to feel valued and like their voice is heard. All of these kinds of things will help to contribute to their retention.
