Finding and keeping good employees has become a major challenge for organizations across the country in recent years. It’s not enough to just recruit the best talent, how do you provide a better work experience so they want to remain with your organization? Learn our tips for employee retention strategies below!
Why Employee Retention is Important
The American labor market is highly competitive right now, meaning it can be harder to attract and retain a good workforce. Your organization must be willing to adjust its standards to meet employee expectations and remain competitive within your field. Here are our tips for retaining your employees in the new year and beyond:
Start at the Top
One of the top reasons that employees leave their roles is poor management. Luckily, poor leadership can be fixed! Start by evaluating how your organization’s upper-level management interacts with team members. Managers must be included in annual performance reviews, where their leadership skills are assessed thoroughly. If you identify a manager who needs work, there are training and leadership development opportunities available to help them improve.
Evaluate Your Benefits Package
Next up, your organization needs to evaluate how your employee benefits package compares to other companies in your industry. A strong employee benefits package can entice even the most loyal workers to leave their current roles. The pandemic has introduced a world of new options for employee benefits that have become strong hiring tools, including more flex or remote work options, childcare stipends, parental leave, lower healthcare costs, and more.
Encourage Your Employees to Grow
Another top reason that employees leave their roles is that they feel like they cannot grow within their current position. To excel at employee retention, your organization must be willing to invest in your current team by providing opportunities for promotions and continuing education. Set up a time each year to review your employee’s long-term goals and ask how they see their roles evolving within your organization. Also, make it clear to your team that your organization is always willing to invest in its future by providing continuing education stipends or advanced leadership training.
Recognize and Reward Accordingly
Finally, a major point of contention with employees who leave their position is feeling undervalued. Strive to make consistent employee recognition a goal for your upper management team. Rewarding your employees does not even have to be an elaborate gesture; it can be as simple as giving a team member a special shout-out before a group meeting, or leaving a thank you note on an employees desk when they aren’t expecting it.
Work with Prescott HR
Does your organization need assistance with employee retention? We are here to help! Prescott HR offers a wide range of services that can help your organization recruit AND retain a dependable workforce. Our unintimated HR practices allow us to be focused and effective, providing your business with precisely what you need. Give us a call today at 443-351-8818 or contact us online.