How to Retain Employees?
Retaining your employees is critical for your business success and healthy working culture. According to various researches, keeping your best employees ensures increased product sales, organizational knowledge and learning and most importantly happy workers.
Also, the cost of hiring new employees can be astronomical and have an adverse effect on productivity, business culture and overall employee happiness. This is why you should focus your efforts on keeping your rock stars.
There is a number of ways how to retain an employee. However, finding the ones that will suit your business can sometimes be really challenging. That’s why we’ve compiled a list of the most effective methods you can use to prevent your employees from leaving the company.
1. Communicate, Communicate, Communicate
Effective communication is not all about the words. You need to think about the tone of voice you use as well as your facial gestures, eye contact because all of these send some messages to the person you are talking to. With this in mind, you need to make sure you communicate with your employees face-to-face more often than through communication tools like Slack, Skype or others. Plus, by communicating with them directly, you will be able to see their reactions and have some insight into how they feel at work.
2. Practice Assertive Performance Feedback
Whatever you do, do not threaten an employee’s job or income because this will cause them to feel uncertain and uncomfortable at work. No matter how you explain or phrase the information, it will still make them feel nervous. Of course, this doesn’t mean that you do not need to give your employees regular feedback on their work performance. If you want to know how to retain an employee you need to pay attention to the way you are saying something because it might turn your employees away and make them want to search for another job.
3. Optimise Your Benefits
These days perks are essential components of every successful business culture. A competitive benefits package is the second most important thing after salary. If there are no perks, your employees will most likely decide to leave the company. Wondering how to retain an employee? The best way is to offer them the benefits that align with your company culture, your employee engagement will improve and you will see the positive results in no time.
4. Relaxation Time
No matter how hard-working your employees are, they still need time to unwind and charge their batteries. You should expect and even demand high performance and dedication, but it is not reasonable to expect a continual level of pressure at 100 percent. Be generous and give your employees a chance to catch their breath from one assignment to the next by organising some kind of team buildings, group relaxation time or mini-break periods over the course of the day. There is a whole range of activities you can organise for your employees where they will have a chance to let off steam, bond and enjoy their time together. This will not only help your employees relax but also encourage them to get to know each other better and improve communication between them.
5. Invest in a Happiness Survey Tool
To find out how your employees feel at work and what they think, you just need to ask them. The easiest way to do that is to give them an opportunity to express their thoughts and feeling by doing a regular weekly happiness survey such as Hearcount. This AI-powered tool gives you an insight into your employees’ level of happiness allowing you to act on the results and make necessary changes to contribute to the positive atmosphere of your company culture.
Looking for a way how to retain your employees?
Heartcount is the answer!
Contact us and find out how to bring your employees’ happiness to a whole new level!