How to Retain Staff in a Culture of High Turnover
From competitive salaries and flexible schedule options to tuition assistance and workplace environment, there is a variety of factors that can influence employee retention. However, what happens when even the highest salaries and excellent working conditions still don’t make your employees satisfied at work? Luckily, there is a wide range of ideas you can experiment with to reduce your high turnover and build a thriving culture of happy, engaged and satisfied employees.
We have done in-depth research and came up with a few ideas you can implement.
So, let’s dive right in.
1. Offer an Even Better Work Culture
In a highly competitive environment, providing your employees with perks like a cool place to chill out, fresh fruit and a basketball court do not play such a big role. While these things most certainly contribute to your employees' level of satisfaction and well-being, what retains people long term is actually a corporate culture that empowers them and lets them obtain meaning from their work. In other words, if you are looking for a way how to retain staff in a culture of high turnover, you need to place the emphasis on individual employees and recognise them for their hard work. In this way, work becomes more interesting and engaging and people are less focused on competition and more on teamwork.
2. Offer a Great Employee Experience
Even if you think you have given your employees the chance to enjoy all the benefits, turn to your day-to-day offering. Ask yourself the following question: What’s the thing that drives people to come to work every day?
Here is the checklist you need to keep in mind:
- Flexible/remote working - Do your employees have an opportunity to work from home or work flexible hours?
- Health and well-being - Are you offering free medical treatment, gym membership and well-being seminars?
- High-quality equipment - Do you offer laptops, good internet connectivity, and a productive office environment so that your employees can improve their efficiency and stay productive?
- Surprise and delight - Do you organise spontaneous gatherings like a movie night, fancy dinners, family gatherings, etc.?
3. Involve Your Employees in Your Company’s Mission
One of the ways how to retain staff in a culture of high turnover is to help your employees feel that their attitudes and opinions count, involve them in the decision-making process that affects your job and the entire company culture and its overall direction. For instance, involve them in the discussions about your company’s vision and goals. Why? Once they take part in such major events and significant tasks they will feel that their opinions are being appreciated and they will be more driven to contribute to the company’s mission.
4. Use Survey Tools
Even if you implement various strategies and make all that’s in your power to create a happy company culture, there might be some things that are not working well and some room for improvement as well. The best way to retain your employees is to always know how they feel at work and what they think about work conditions and people they work with. HeartCount is a software that will give you much-needed answers and show you how many people want to stay in your company. In this way, you can know what to focus on and act on the results at the right time.