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.
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.
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:
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.
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 an AI-powered tool 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.
Another efficient way to retain your employees is constructive and on-time feedback. You want your employees to feel appreciated and have a clear knowledge of the areas they have to work on as well as the areas they are successful at. When your employees know where they stand they are more likely to innovate, be creative and feel comfortable in their surroundings. Ultimately, they will be less likely to leave.
By following these tips and using tools similar to Heartcount, you will be able to build a culture which will help people thrive and develop both professionally and personally which will encourage them to stay in your company even more.
In case you have any further questions about Heartcount and the ways it can help you build a happy workplace, do contact us.
Heartcount is an AI powered tool, which measures happiness at work in a new and better way. It is a tool for tracking results and relationships (personal fulfilment, progress, relationships with colleagues and managers) that influence happiness at work.