5 Ways to Reduce Turnover and Improve Engagement
It is best for the longevity of any company to retain workers rather than to always hire new ones. Effective employee retention strategies can help greatly. Learn how to reduce turnover by following these guidelines.
- Create a Positive Work Environment
People want to work in a place where they feel welcomed. Allow employees to personalize their cubicles. Adding plants and foliage to a workplace is another strategy for improving people’s moods.
- Reward When Appropriate
Employees want to know their hard work is not going unnoticed. When someone exceeds a quota or goes above and beyond the call of duty, provide some kind of extra compensation. A gift card or a simple Employee of the Month distinction goes a long way.
- Promote Work/Life Balance
It is vital for all employers to view their employees as people and not as resources. That means understanding that people have lives outside of work. Bosses should avoid always emailing people when they are at home. It can also be good to have birthday celebrations and paid lunches to let people unwind.
- Support Employees’ Career Goals
Employers should speak with their workers once in a while to discuss career development. This can be done at the same time as a standard performance review. Look for ways to promote from within.
- Review Exit Interview Information Carefully
When someone does leave, employers need to understand why. An exit interview can help a business owner understand if something was unsatisfactory in the workplace. It is also possible, that the employee realized she could earn more elsewhere. If that is the case, as the boss, you may want to review the company’s compensation arrangements.
You can also improve employee retention by hiring the best people for a certain position with the help of Beacon Resources. We also have some great interview tips for new managers. Please review Beacon’s resource center for all kinds of helpful information.