Employee retention is a tough issue in today’s job market. Once you’ve found great team members you work well with, it’s important to cultivate the relationship and keep them happy and engaged in your company. Stellar employees can become stale and actively disengaged; developing strategies for retaining team members is important.
What is Employee Retention?
Employee retention is a company’s strategy for enhancing work satisfaction and employee engagement; it’s crucial for keeping employees and protecting the company’s financial goals. It’s estimated losing a mid-level manager can cost a business 100 percent of the worker’s salary. Here are 4 tips for keeping great team members.
4 Tips for Employee Retention
- Offer Training
Many unengaged employees aren’t present because they lack the proper skills to perform their job to its fullest. Offering periodic job or skill training not only shows you value your workers’ development, it also increases employee retention because team members are educated enough to do their job well and feel valued.
- Create a Great Work Culture
Creating an inclusive and fun work culture is essential to keeping great team members. When people are connected to their work culture and have friends in the office, they will be more committed to the company and less likely to jump ship.
- Reward and Incentivize
Employees who work hard deserve some sort of recognition or they will feel undervalued and ignored. Try and create an Employee of the Month program to showcase your best workers. Offering small incentives may also drive performance. Start by hosting company lunches, offering Casual Friday or team building activities.
- Give Feedback
Formal feedback is essential for fostering engagement and employee retention. Evaluating your workers and offering frequent performance reviews goes a long way in their personal development and productivity. Reviews and feedback encourage your team to reach their goals and show you value their performance. The best team members are the ones with an independent drive to become better.
Offering training, creating a fun and engaging work culture, rewarding top talent and giving formal feedback are all great strategies for employee retention. For additional tips on creating a healthy and productive work environment, read more articles on our blog today.
Photo Credit: Richard foster
About Josephine’s Professional Staffing
Founded in 1988, Josephine’s Professional Staffing has nearly 25 years of business success and is continuously committed to providing superior quality staffing solutions to companies in the Bay Area. We proactively and consistently search for avenues to provide staffing solutions in the field of administrative, accounting, healthcare, light industrial, technical and professional services while taking pride in each of our employees. Josephine’s Professional Staffing is a Certified Small Business Enterprise (SBE), Underutilized Disadvantaged Business Enterprise (UDBE), Woman-Owned Business Enterprise (WOSB), Economically Disadvantaged Woman-Owned Business Enterprise (EDWOSB), and Minority Woman-Owned Business Enterprise (MWBE). We can be reached at firstname.lastname@example.org or 408.943.0111 and are located at 2158 Ringwood Avenue, San Jose, CA 95131