Receiving a letter of resignation from a cherished employee is one of the hardest things an employer has to face. Across the workforce, the average time spent at any one job has never been lower. While many jobs are now considered stepping stones along a career path, there is still a huge opportunity to reduce turnover.
Make real changes within the workplace, and you’ll be amazed at how quickly two-week notices become a distant memory. Here are some helpful tips on how to make the changes that will keep your valued staff present and motivated many for years to come.
Create a Positive Work Culture
As simple as it sounds recognition for a job well done can help build a positive work environment and keep your staff comfortable in their roles. Thanking your team or an individual after periods of high demand or displays of initiative is crucial in showing your staff they are valued.
Team building is another great way to strengthen employee bonds and create a positive work environment. Considering freeing some time during an afternoon to bring your team closer and boost morale. Team building doesn’t need to require a large budget, there is a huge range of activities that can be done with just a paper and pen!
Creating a positive work environment is increasingly important in the ever-growing millennial workforce. Employee recognition has been found to reduce employee turnover. Simple changes like appreciation and recognition programmes won’t cost you a cent, but the benefits will be priceless.
Unlock your employees true potential. Providing opportunities to climb the corporate ladder is a great way to keep your employees satisfied. Future aspirations play a major factor in employee retention. Staff are often willing to stay longer and work harder at a job for the promise of career advancement down the line.
Encouraging ambition doesn’t need to translate to huge wage increases on your payroll. Creating new positions with small increases in pay and responsibility is a great way to preserve valued staff members.
New benefits for new responsibilities is also a great way to keep individuals engaged and motivated in the workplace. Instead of a pay-rise consider providing other benefits such as employee health and life insurance that may potentially save you money in the long run. Catering to your employee’s aspirations is a powerful tool in retaining valued staff. Don’t underestimate the power of ambition.
Give staff the opportunity for new responsibilities, the ability to showcase their skills and the room to grow. The benefits will go above and beyond just employee retention. Encourage growth, allowing your employees the opportunity to up-skill, fostering learning whenever possible. New skills not only increase competence but also act to decrease turnover by keeping your staff motivated and engaged.
The future of your company relies on the future of your workforce. These techniques, while simple, can help to keep priceless staff around without breaking the bank. Employ small changes now and keep your employees present and motivated for the crucial years to come.
Cloe Matheson is a New Zealand-based writer who is always happy to collaborate with blogs and share tips on productivity, career growth, and much more. Check out her published articles on her blog.