Ultimate Employee Retention Strategy
To have a thriving business or non-profit, it’s essential to invest in your most valuable asset: your employees. Employee retention is a process in which employers work to keep their employees happy, engaged, and with the company for the long haul. By doing so, organizations can avoid the costly process of high turnover rates.
Here are seven key elements that make up a strong employee retention strategy:
Hiring the Right People in the First Place
When retaining employees, one of the most important things you can do is make sure you’re hiring the right people in the first place. This may seem common sense, but it’s important to remember that the best way to retain employees is to ensure they’re a good fit for your company’s culture and that they’ll be engaged in their work. By taking the time to find the right candidates up front, you’ll save yourself a lot of headaches (and money) down the road. So how do you find the best candidates? Start by being clear about what you’re looking for. What skills and attributes are essential for the role? Once you know what you’re looking for, take the time to screen candidates carefully. In addition to resumes and interviews, consider using tools like skills tests and personality assessments to help you identify candidates who are likely to be a good fit for your company.
The onboarding process is another crucial step in keeping employees with your company for the long run. An effective onboarding program should do more than just orient new hires to their daily tasks. It should also introduce them to your company culture and help them build relationships with their colleagues.
A great way to do this is by pairing new hires with “buddies” or mentors who can show them around, answer any questions they might have, and help them feel welcome within the company.
Additionally, providing new hires with access to an online library of resources (such as guides, templates, how-tos, etc.) can help ease their transition into their new role and make them feel supported.
Promoting a Positive Work/Life Balance
It’s no secret that today’s workforce is busier than ever before, which is why it’s more important than ever for employers to promote a healthy work/life balance for their employees. Ways to do this include offering flexible work arrangements (such as remote working or flex hours), encouraging paid time off (PTO), and providing access to wellness programs (such as gym memberships or onsite yoga classes).
Additionally, simply being sensitive to your employees’ lives outside of work can go a long way in promoting a healthy work/life balance within your organization.
Investing in Compliance Solutions
With deadlines, projects, and client demands constantly vying for attention, it’s easy for even the most well-intentioned employees to let compliance fall by the wayside. This is where investing in compliance solutions can help. Your compliance solution should not add any administrative burdens for your team. showd.me’s compliance training solution includes white glove end-user support, so employees can focus on revenue generating activities.
Investing in Professional Development
Investing in professional development for your employees can have many benefits for your company. Employees who are learning and growing in their jobs are more likely to stay with your company than those who feel stuck in a rut. Offer opportunities for professional development and growth, such as mentorship programs, educational opportunities, and cross-training opportunities. By investing in your employees’ development, you’re investing in your company’s future.
In addition, employees with access to professional development opportunities are more likely to be engaged and productive in their jobs. They’ll also have the skills and knowledge necessary to help your company grow and adapt to changes in the marketplace.
Communicating Openly With Your Team
Any good manager knows that communication is key to keeping their team happy and productive. After all, employees who feel appreciated and supported are more likely to be engaged and motivated. And when team members feel like they can freely share their ideas and concerns, it can only lead to better results.
So how can you ensure that you’re communicating effectively with your team?
First, make sure you’re providing regular feedback—both positive and constructive. This lets your employees know that their work is noticed and that you care about their development.
Second, be accessible when your team members need you. Tell them they can come to you with any questions or concerns, and make yourself available as much as possible. Finally, let them know that their input is valued. Show them you’re committed to helping them grow personally and professionally and be open to hearing their suggestions.
Choose the Right Training Platform
Engage showd.me to help with employee retention by simplifying the training process and offering comprehensive support. Our platform provides access to an extensive e-library with courses on personal and professional development, mindfulness, ESL, avoiding burnout, and more. Employees can train whenever they want on any device, making it more likely that they will complete their onboarding and compliance training. Help your employees get up and running faster with showd.me.
Request a demo today.