4 Ways to Improve Employee Retention Rates

In today’s competitive market, it is imperative that companies work hard at retaining star employees. As business begins to open up again and employees have more potential choices the onus is on the employers to offer training and programs which will keep employees engaged and happy on the job. If you’re looking for ideas to improve your organization’s retention rate consider these four ways to make improvements.

  1. Successful onboarding. The statistics are discouraging when you look at how many employees leave before their first 90 days are up. Most of these individuals cite poor training or difficulty blending in with the company culture as their primary reason for leaving. Establishing an excellent onboarding program will go a long way to help employees feel more comfortable with the company. Not only should you train them on the job duties but also discuss your corporate culture, values, and mission. Establish a mentorship program where a seasoned employee helps the new employee get acclimated to the environment.
  2. Regular feedback. Waiting for the 90 day review is not a productive way to provide feedback to a new employee. Even after an employee has been with the company for some time it is helpful for management to provide regular feedback about their performance. If you see an issue that needs correcting, gently correct it so the behavior does not continue. This could be either performance or personal feedback. Don’t forget to provide positive feedback as well. Many employees feel that they only hear from management when they’re doing something wrong, so remember to thank them or praise them for a job well done.
  3. Open communications. No matter how long an employee has been working for your company it is extremely important to keep the lines of communications open. Employees need to feel comfortable that they can discuss issues and concerns with management. If you state that you have an open door policy be there to enforce it. Employees should also feel that there will not be negative retribution for their concerns. Listen to them, work to solve their issues, and let them know that you are in their corner.
  4. Offer incentives. Rewards are a powerful motivator. Access to a gym membership, flexible work hours, and additional time off are all cited as popular incentives among many employees. Giving a reward for good work goes a very long way to encouraging positive attitudes and engagement in the workplace. Consider what programs you can implement that can help improve employee retention as well as possible enhance your business over all.

Are you looking for ideas to keep your employees engaged and motivated on the job? If you are looking for staffing agencies in Addison TX, contact us today.

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