In recent years, many employees have realized they have more control over their respective career paths than initially thought. Modern workers are far less likely to stand for poor treatment or remain in stagnant jobs than workers from previous generations. So, if your business isn’t providing team members with sufficient incentive to stick around, you shouldn’t be surprised to see your employee retention numbers plummet. Employers looking for effective ways to retain talent should consider the following pointers carefully.
Provide Top-Notch Training
With technology constantly evolving, team members must stay on top of significant changes and develop their skill sets accordingly. Of course, this isn’t to say they should be expected to do this without assistance. By providing your employees with top-notch training, you can help ensure their job skills evolve with relevant technological changes.
There are numerous ways to provide your workforce with the necessary training. For starters, you could have professional instructors visit your place of business and provide hands-on instructions onsite. Alternatively, you could pay employees to attend onsite, in-person, or online courses. You could also utilize a convenient professional learning platform that allows employees to learn at their leisure and track their progress. If you’re currently in the market for the right learning platform, take some time to consider the many benefits of headless LMS.
Give Workers a Voice
Given the lack of consideration, many employers show their employees; there’s little wonder why workers often feel they don’t have a voice. So, if important questions, suggestions, and grievances put forth by your team members tend to go unaddressed, you shouldn’t be surprised by decreased motivation or low worker retention rates.
You can nip this problem in the bud by actively encouraging team members to come to you with any inquiries, complaints, or suggestions they may have. While there’s no guarantee that you’ll necessarily agree with everything your employees put forth, you should still treat their opinions equally and enact changes based on their feedback. It would be best to stress that employees needn’t fear consequences simply for making you aware of specific problems. Furthermore, to accommodate employees who prefer to submit anonymously, place a suggestion box in an easily-accessible part of your workplace.
Regularly Show Appreciation
Workers who don’t feel appreciated are liable to feel very little loyalty to your business. While you may view signing their paychecks as sufficient appreciation, your team members are unlikely to share this opinion. Given that there’s no real downside to showing workers appreciation, it’s a wonder that so many employers consistently drop the ball in this area.
Furthermore, worker appreciation can take many forms. While bonuses, promotions, and pay raises are arguably the most effective ways to show employees how much their efforts are valued, smaller rewards – such as days off, restaurant vouchers, and certificates of recognition – can also convey the message.
Be Flexible with Workhours and Scheduling
You’d be hard-pressed to find a modern worker who doesn’t value schedule flexibility. Providing team members with greater control over their respective work schedules can prove highly conducive to solid retention rates, company loyalty, heightened productivity, and general worker satisfaction. During the height of the COVID-19 pandemic, many workers realized how outdated and impractical traditional workdays and formal workplaces are. A fair number of them discovered that they’re far more productive and motivated when working from the safety and comfort of home.
So, rather than obsessing over how many hours your employees spend in the office, you should emphasize work quotas and deadlines more strongly. Providing projects are completed on time and with minimal headaches, where the work is being done shouldn’t matter.
Talented employees are the cornerstone of any successful business. As such, if your business is constantly losing its most valuable team members, it stands to reason that productivity and general quality are being adversely affected. Rather than continue to shed top talent, incentivizing them to stick with you is in your best interest. Fortunately, this isn’t quite as daunting a task as many employers make it seem – especially for people equipped with the advice outlined above.
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