Employee Turnover
Retaining great talent has become a problem for many employers. And the problem is often not salary-related. Employees do not leave their jobs just for more money. They often leave because they do not feel valued.
Employee turnover occurs when workers leave their position for a new offer or are fired because they’re no longer a good fit for your company. As an employer, you want to prevent the turnover of great employees in every way possible. After all, training new staff members requires ample time and resources. Investing in long-term talent is far more valuable for your company than frequently hiring new team members every few months.
But how do you prevent employee churn? Unfortunately, breaking the voluntary turnover curse isn’t so easy. Below, our team from 45 Solutions, offering HR solutions for modern businesses, discusses six effective retention strategies that can help you build long-term players for your business.
1. Hire the Right Fit
Start off on the right foot by ensuring you’re hiring a good fit for the position. The applicant shouldn’t be under- or overqualified as this will only create issues later on in their employment that will likely lead to them seeking a new job elsewhere. To hire the right employee, your application should clearly define the job roles, experience requirements, and workplace culture.
2. Spend Time on Professional Development
The onboarding process is critical for a sound team. Tossing someone into choppy waters without training can overwhelm them and will not set them up for success. While onboarding may seem like a big expenditure of company resources, it will construct a knowledgeable, helpful key player who understands the company’s values and their role within its architecture, reducing employee turnover.
3. Foster a Positive Culture
People do not want to work in environments they aren’t welcome in. By fostering a positive work culture, you encourage staff members to feel excited about going to work every day. You can do this in many ways, such as:
Encouraging healthy collaboration
Strictly enforcing repercussions for toxic behaviors
Hosting field trips
Incentivizing staff with bonuses and benefits
Offering mental health days
4. Provide Regular Feedback
Feedback helps ensure staff members are on the right path while showing them that they’re valued. When you provide constructive criticism or praise, you’re showing the employee that you care enough about their work to see it improve. We recommend scheduling routine progress meetings to help your team flourish.
5. Invest in Career Advancement
Career advancement is one of the top ways to prevent employee turnover. By investing in staff courses, cross-training, and education, you build long-term professionals that stick with your organization rather than moving to another company. This can foster internal employee engagement and satisfaction.
6. Monitor Workload and Mental Health
Employee burnout is a significant contributing factor to high turnover rates. To prevent burnout at your facility, be sure to monitor the mental health and workloads of your team by sending out routine surveys and scheduling frequent meetings with staff members so you can check up on everyone’s status.
Do You Need HR Support?
Whether you need help preventing employee turnover, hiring the right fit, or conducting exit interviews, call 45 Solutions at (215) 828-1404 to learn about our HR services.
