Training people only to watch them walk out of the door a few months or a year or two later is a drain on your resources. It means you have to start the recruiting process again without any guarantees that another person will stay. This can be time-consuming and costly. And having staff leave tends to be demoralizing for those who remain, especially if the person leaving was doing so because they were unhappy with the company.
Here are 5 effective ways to combat employee turnover in your company.
- Make Your Recruitment Informative
- Prioritize Onboarding
- Offer Perks
- Create Community
- Perform Exit Interviews
Make Your Recruitment Informative
The recruitment process is not just about finding someone to work for your company. You can easily do that on Leadar. It’s an opportunity for you to tell the world about your business’ vision, goals, and culture. In any job advertisements, be honest about what’s required and what’s important.
The better you describe your firm, corporate culture, and vision, the more likely you will attract candidates who are a good fit. To decrease employee turnover, it’s essential to hire people who work with your business style and will fit in with your team.
Hiring someone with the right experience and qualifications will get you far, but the right attitude and shared values can also go a long way. Traits such as adaptability and willingness to learn, for example, are increasingly important.
To ensure that a candidate is a good fit for your business, consider how you think they will fit in and contribute to your existing team or teams. And remember that an interview is a two-way process that allows the candidate to find out more about your business as well as allows your business to find out about them.
Share your mission statement early on. Modern workers are increasingly keen to work with businesses whose values align with their own. Whatever makes your business unique – it may be traditional, family-owned, or eco-conscious, for example – make sure to share your business stories with potential employees who may become a part of it.
Prioritize Onboarding
When people think of onboarding, they often think about a process of helping people settle in that might last a few days or weeks. However, onboarding works best when it comprises regular meetings over several months, even a year or more. The better you can support someone in their new team and role, the more likely you will reduce employee turnover.
Since one of the things that cause employees to be unhappy at work is their working conditions and teammates, show candidates where they will be working early on. Avoid first-day-at-work surprises. The more a candidate knows about your business in the beginning, the less likely they are to be disappointed later.
With regular onboarding sessions, new employees have opportunities to raise concerns and work out solutions. Regular meetings provide a business with useful insights that can help the future hiring process. Without a proper onboarding process, some employees may see leaving the firm as the best solution.
Offer Perks
We’re not talking about a table football machine, although that could help. Modern workers are increasingly incentivized by perks such as working flexible hours or working remotely. These perks have an emphasis on lifestyle. They help employees maintain a positive work-life balance. For the same reason, perks might also include an on-site nursery or subsidized childcare.
Another perk to consider is offering training. Education helps people do their jobs better and makes them feel valued. It also provides you with better-trained staff that can perform more effectively and efficiently. While it’s a risk to train someone that might leave the firm and take their training with them, this perk may make them less likely to quit because they feel appreciated.
A voucher now and then can also show employees that the business cares about them. Gestures like this can go a long way to make people feel that their work is valuable, reducing employee turnover.
Create Community
Most of us spend a significant percentage of our waking hours working. If you can make colleagues a community, this will help people enjoy their work, reducing employee turnover.
You can use Nuwber to find things in common between your workers. Shared interests can lead to group activities that help people bond. Whether your employees meet in a bar or on a tennis court, shared activities can help a team work together more effectively.
And using Nuwber to find people’s birthdays can give you the chance to celebrate your employees and celebrate with them. This simple acknowledgment demonstrates that you value and respect your workers, which can increase productivity as well as reduce employee turnover.
Give Employees Ownership
A primary reason for people leaving a business is that they don’t feel that what they do is meaningful. Explain to your workers why what they do is important to the functioning of your business and give them ownership of what they do.
Instead of prescribing a series of tasks, for example, you might try asking for a result and leaving it to your employees to find a path to success. Demonstrating that you trust your workers is an excellent way to improve engagement at work, which could reduce employee turnover.
Ensure open communication between your executives, managers, and staff on the ground. People are happier and more likely to stay with a firm if they feel they can make a difference with their work and their opinions.
Perform Exit Interviews
You’ve acknowledged that there is a problem: people are leaving. One of the best ways to do something about it is to ask them why.
Performing an exit interview needn’t be a long, painful process. However, a brief questionnaire can help you address an employee’s problems and prevent people from wanting to leave in the future. A good exit interview may even allow you to convince a good worker to stay with your firm.
Face employee turnover head-on with these steps. The result will be that you express your business ideals more clearly, introduce workers to your company effectively, make them feel valued, and engage with their issues as they arise. Reducing employee turnover in these ways should make your business stronger and more focused, so go ahead and get started today.
