Three ways to improve employee retention

Image by mohamed Hassan from Pixabay

By Henry Brown

It is no secret that recruiting new staff is an expensive task. The recruitment, onboarding, and training process are both costly and time consuming for businesses, without even factoring in the possibility that you may not attract the right candidates in the first place.

With the recruitment of new staff being such a drain on resources, it makes sense to look for ways to boost your staff retention rate. Encouraging your team to stay with your company and continue working for you for many years is key to saving money on your recruitment costs and ensuring that you have a skilled and experienced workforce. Your employees are essential to your business’s success, so making sure you invest in them and do all that you can to ensure they want to continue working with you is vital.

While the benefits of retaining existing staff are plain to see, establishing ways to help you increase employee retention can be something that businesses struggle with. Here are some of the best ways to make your staff want to continue working with you for many years to come:

Create a positive work environment

The work environment has a substantial impact on your employee’s mood and motivation to be in the office working hard. A poor work environment can leave staff feeling undervalued and even unsafe in the workplace.

A positive work environment provides staff with everything they need to perform their job role comfortably. The work environment should also be comfortable for your team, with the correct amount of light and the right indoor temperature. These factors can make a big difference to employees and directly impacts their productivity levels.

Introduce an employee incentive scheme

Everybody likes to be praised when they work hard, and your employees are no exception. Putting together an employee incentive program is an excellent way to ensure that your staff feels valued and positive towards the company. Employees that feel that their hard work is recognized and rewarded are far more likely to want to continue to work with your company and to earn themselves more rewards. You can click here to find out more about the benefits of employee incentive schemes and how they may benefit your business.

Offer continuing development opportunities

Providing the opportunity for your staff to keep their skills up to date with continuing professional development training is a wise idea. Offering continuing professional development benefits both your business and your employees. Your employees will feel positively towards your company and will be more likely to continue working with you in the long term. Your business will benefit from having long-serving, experienced members of staff who are equipped with the latest knowledge and fresh ideas.

 

Boosting employee retention levels requires a holistic approach, as there are many factors to take into account. From tangible elements such as incentive programs through to the opportunity for promotion and career progression, a combination of these elements will help you to keep hold of your best employees.

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Henry Brown is an online marketing executive. When he isn’t talking shop, he’s roaming the streets of London, uncovering the extra-ordinary in the ordinary.

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