According to a staffing business poll published in the Harvard Business Review, 40% of workers want to seek a new job over the next six months, and 69 percent are currently looking for passive ways to retain their best employees. Those statistics are alarming for employers. Most companies meticulously choose only the best employees and want to maintain them once they have them. But job-hopping has become frequent among millennials as their aspirations evolve. The way previous generations regarded employment is drastically different from how it is perceived today. As a result, companies who want to be successful in discovering and recruiting suitable job applicants must begin adopting new, inventive methods.
So, given below are 4 ways to retain the best employees:
1. Take measures for conveying to your employees that you value them –
According to a survey, the top three drivers of work satisfaction were courteous treatment of employees. People may forget what you said, but they will remember how you made them feel, as the saying goes. Employees want to feel respected and valued. If employers make an effort to demonstrate outward respect for employees consistently, it will result in strong and durable workplace culture. It will also provide good experiences and memories that they will never forget.
Pro Tip: Make them feel that they have equal importance in running the company as you do. You can implement this by sharing a certain percentage of your profits among all your employees every quarter or by offering E-sops.
2. Recognize and reward accomplishments –
Creating a healthy environment that recognizes and rewards employees’ accomplishments is an excellent approach to make your office a safe place while increasing employee engagement and productivity. According to another research, employees who feel undervalued are more likely to leave their jobs. Recognition in front of the business, company, and department parties, service initiatives, lunches with the boss, branded apparel, handwritten messages, and so on may all add to the firm’s positive culture and serve as morale boosters. A human resource management service can make this easy for you.
Pro Tip: Your employees’ rewards should address their emotional requirements in addition to their monetary remuneration. The acknowledgment by employers will help workers and organizations to succeed in the future.
3. Give them a chance to grow –
Creating a work atmosphere where each employee’s originality and distinctiveness is appreciated has a variety of advantages. You will foster a work atmosphere where all workers can reach their full potential and express their creativity. Giving your workers tasks that allow them to grow is the best way to demonstrate your faith in them. Also encouraging employees to learn new skills is a good idea. Providing several chances for continuous education will also help in retaining employees.
Pro Tip: Give them detailed feedback on their performance and show them how they can improve. This will motivate them to work better.
4. Increase Relaxation Time and provide benefits –
Workflow pacing can be extremely advantageous to long-term employee relationships. Allow staff to take breaks between assignments by incorporating team-building activities or mini-break intervals throughout the day. Also, employees are more inclined to stay with companies that provide benefits. According to multiple polls, health benefits are the most important, followed by retirement money. Employers who provide extensive paid time off prevent employee burnout and keep their staff more successful. Performance bonuses, paternity/maternity leave, and flexible work hours are all key advantages.
Pro Tip: Give them the freedom to take breaks whenever they need it as long as they manage to finish their work.
Although keeping your best employees is a difficult challenge, it is attainable by creating a working environment where top performers are encouraged to do their best work, where there is a sense of purpose, and where accomplishments are acknowledged. Lookup for top HR outsourcing companies and get started today.
