If your employees feel appreciated and are happy in their role, they are more likely to remain loyal to a company, work harder and stick around twice as long.
After all, research has proven that employees that are happy at work will give far more than those that feel unvalued, underpaid, and over worked.
High turn overs can prove extremely expensive for businesses, especially if a job role requires a significant amount of training. The good news is, there are a whole host of employee retention strategies to help you retain and engage your best people.
If you’re looking for effective strategies for employee retention, you have certainly landed in the right place!
Competitive Salary
If your employees feel underpaid, they are more likely to leave or look elsewhere for a role that pays more. Financial stability often motivates employees to remain in a role. With this in mind, you should review your employee’s salary frequently, especially when members of your workforce have been given new responsibilities.
Flexible working arrangements
Not everyone can commit to a 9 to 5 role, especially when it comes to juggling a family and other life commitments. With this in mind, it certainly pays to offer flexible working arrangements to those members of staff that need them. From compressed hours and flexi time through to work from home days and changing shift patterns, these can make life easier for members of staff struggling to balance life and work.
Recognition and reward systems
Recognition and reward systems are a great way to reward hard work and ensure that your staff feel appreciated. And staff that feel appreciated will also always go that extra mile and will give far more than those that don’t feel appreciated at all.
There’s lots of ways to reward hard work too! Whether you use gift cards or vouchers, or even reward your staff with a day off, reward and recognition schemes are a great incentive for your staff to work towards achieving their goals and personal objectives.
Training and development
It’s equally important that your employees feel as if there are plenty of growth opportunities and opportunities to progress within your business. Investing in education and training is crucial in any company and your employees should always feel inspired and driven to reach their full potential.
Invest in wellness
Wellness offerings are becoming increasingly popular, especially in stressful and demanding working environments.
Research has proven that keeping your employees happy, fit and healthy, both mentally and physically, can help employee retention levels. From providing gym access at a discount rate through to initiating stress management programs for those that need it are always good for business.
Finally, you should always acknowledge small and large milestones including work anniversaries, progression and achievements.
If you would like to engage your employees, contact us today to discuss the strategies we can assist you with.
