Guest Blogger: Jen McKenzie, Business Freelancer
Bringing in strong employees is only the first step to making your business thrive. You also have to keep those employees happy within your company. Great employees leave all the time, and it’s not always due to pay or benefits. Interested in learning more about employee retention? Read these five tips to avoid employee turnover.
Why Worry About Employee Turnover?
According to Glass Door, employers report that it can take up to 52 days to fill an open position. That’s almost 2 months where other employees are having to pick up the slack for the missing worker. It’s time that your business isn’t operating at peak efficiency, and you’re likely spending time advertising and interviewing candidates.
Increase Employee Retention
There are certain things you can do to increase employee retention and almost none of them have to do with providing more money for employees. The most common strategies provide a competitive benefits package like a savings plan for retirement or a great health insurance plan. High employee turnover is a hit to the morale for the entire company, and it should be avoided at all costs.
Keeping Open Communication with Employees
When you communicate with your employees, you’re showing them that you care about their input in the business. Share important milestones and missions with the employees to further foster the sense that they’re valued and an integral part of running the business. Have an open-door policy for employees to come to you with their issues.
Feedback for employees is vital. Keep to a regular schedule of reviews and provide constant constructive comments to the employees regarding their work. They want to be told when they’re making mistakes or not meeting your expectations.
When you hold reviews, this is a chance for employees to let you know what they think about working for your small business. Ask for suggestions or improvements that will help you become a better employer too. Have regular meetings for employees to voice grievances too.
Make Work Challenging and Rewarding
When employees are part of the process and feel like they make a difference, they’ll want to take on more responsibility. If you make work interesting and challenging, they’ll feel more fulfilled in their work.
Provide training and more opportunities for people to advance within the company. Reward them with more responsibility as well as perks for taking on new challenges. When someone works at the same monotonous task for years, they become stagnant and unhappy.
AgCareers.com has an upcoming training for leadership development. Learn more and register.
A great perk for employees is the ability to work flexible hours. It can often reduce stress, which makes employees work harder when they’re at their desk. Happy employees have a better work-life balance, and are less likely to leave for other employment.
It can save them time and money, and it helps you as well. An employee who works from home three times a week can share a desk with someone that works staggered hours too. That’s less equipment and software you’ll have to purchase in your office. Many people are grateful for the chance to work at home, and they’ll often be more productive than they would be at the office.
Encourage Continuing Education
Learning new skills can help an employee feel valued and appreciated. For example, an employee who doesn’t know how to use a program like Excel will jump at the chance to take a course. That course will give them confidence and knowledge that can be applied to their work in the company.
When you’re focused on the personal development of your employees, that translates into smarter, more knowledgeable workforce. This improves morale throughout the entire company.
Hire an HR Professional
When you have enough employees in your business, you should be hiring an HR professional to oversee the hiring process as well as keeping a handle on the perks and reviews needed to retain employees. (Check out AgCareers.com to post this position).
HR professionals understand current laws and rules, which ensures that you’re always following the right protocols. They might even set up programs that you never would have dreamed of doing, and that helps retain your employees too.
While retaining employees takes some effort, it’s less effort than would be required to advertise, interview, hire and train a new worker in your company. Take a look at your company and ask your employees what kind of programs or incentives they wish to see in the company. You don’t have to implement every suggestion, but even one suggestion will make them feel like you value their input.
Often, employee retention has a great deal to do with effective onboarding. Attend our upcoming webinar “Effective Onboarding for Employee Engagement” March 3, 2017. Register now.
About the author
Jen McKenzie is a freelance writer from New York, NY. She is fascinated by all things having to do with words, business, education and cutting-edge. When Jennifer is not busy writing, she enjoys taking long walks and spending time with her two pets Brando & Marlon. You can reach Jennifer @jenmcknzie.