How to keep your staff Happy - 5 Retention Strategies that Work
With so much competition between companies currently, it can be difficult to keep your employees at times. This is why it is important to make sure that you have sufficient retention strategies in place. Retention strategies lead to a happier workplace and higher rates of employee satisfaction.
In simple terms, a happy employee is one who is more likely to remain loyal for a longer period of time.
In even simpler terms, the happier your existing employees are, the less time you will have to spend recruiting new ones.
Here at PDR, we are there to help you every step of the way when it comes to finding the right person for each role, but we also want to make sure that those new relationships continue long into the future.
This is why we have brought together our top five employee retention strategies to help keep you on track.
5 Retention Strategies Which Work
1. Be Welcoming
This might sound a little obvious, but make sure that you are ready to welcome new staff members on their first day. For many new employees, the welcome that they get on their first day will leave a lasting impression as to how valued they are as an individual. Taking the time to introduce new staff to other team members, showing them around the office space and answering any questions that they may have is a good way to ensure that their first impression is a good one.
2. Be Competitive
One of the most common reasons for employees to leave is a lack of competitive wages. Make sure that you are offering your employees a rate which is in line with competitors and really shows that you value the work that they do.
3. Be Educators
If an employee feels as though they aren’t being challenged or given opportunities to grow then they are more likely to consider other employers. Make sure that your staff members are aware of additional training and educational tools which are available to them.
4. Be Motivating
Find the things which motivate your staff members. This could be incentives such as bonuses or additional paid holiday, or progression through their careers. Having motivating factors available helps employees to remain satisfied. They know that their hard work is valued and that there is a reward for it.
5. Be Responsive
Another of the big reasons why employees choose to leave their current workplace is due to not feeling that their concerns are listened to. Make sure that you have a cohesive and easily understandable system for your staff members to raise issues and, above all, make sure that you respond when someone has a problem. It is important for your staff members to feel as though they have been heard.