It’s hard to believe we’re halfway through 2023! If your business has been challenged with recruiting and retaining top talent this year, we want to share a few helpful tips to keep your new hires happy for many months to come. Keep reading to learn our employee retention recommendations from the team at Prescott HR!
- Kimberly Prescott
- January 23, 2023
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.
- Kimberly Prescott
- January 3, 2022
We’re in the midst of what human resources professionals have labeled “The Great Resignation” and it doesn’t appear to be slowing down anytime soon. During these challenging times, employers are unsure of how to keep their top talent from leaving. Prescott HR is here to help explain The Great Resignation, how we got here and what employers can do to retain their workforce.
What is the Great Resignation?
If this is the first time you’re hearing about it, here is a brief explanation of The Great Resignation. During the course of the COVID-19 pandemic, employees have quit their jobs in droves for new opportunities. Resignation rates are highest among mid-career level employees. While this is affecting industries across the map, resignation rates are highest in the healthcare and technology industries. As employees reevaluate their career paths, a record number of jobs remain open in the United States.
Why Is This Happening?
The Great Resignation is a confusing concept! Many organizations are wondering why employees are quitting their jobs in record-numbers. There are several different theories for why this is happening (and may continue to happen):
- Workers want more flexibility and remote offices that not all organizations can adapt to
- Women have left the workforce in alarming numbers due to caretaking responsibilities
- Workers are looking for more fulfillment from their career
- Employee burnout has reached an all time high
So, How Can Employers Improve Their Employee Retention?
There are several options that organizations can implement to keep their workforce in place. While a professional HR audit would allow us to dive deeper, here are three suggestions from Prescott HR:
- Identify the Problems: We are two years into a global pandemic and employee burnout is at record levels. If there are personnel or company culture issues happening within your organization, it’s time to address them. Look into compensation structures, promotion opportunities, performance evaluations, training and continuing education opportunities. Is your organization staying ahead of the curve and offering the best possible workplace environment?
- Communicate: One of the most effective steps moving forward is to be open, transparent and communicative with your team. Meet with each individual team member and hear out any transgressions or issues that they may be experiencing.
- Create a Culture of Positivity: Negativity is a dangerous thing and it can seep into every facet of your organization, if you let it. Look for new ways to improve your organization and create a culture of positivity. Find authentic and meaningful ways to show gratitude with your employees. Celebrate your wins and work together through the losses. Ultimately, you want to create an environment that employees would be upset to walk away from.
Quality HR Services Can Help You Retain Top Talent
Prescott HR offers a wide range of HR services that can help you to find and retain top talent for your organization. Our UnIntimated HR practices allow us to be focused and effective, providing your business with exactly what you need. Give us a call today at 443-351-8818 or contact us online.