Not every employee will spend their life working for you. In today’s dynamic world, you will merely find anyone who will be ready to stay with your organization for a long time. For a recruiter, there is nothing more daunting than hearing that an employee has resigned. The process of hiring a new candidate is exhausting, from screening CVs to conducting interviews.
Today, we are going to share 5 tips with you which will help you retain your key employees:
Retention starts with recruiting
Retention begins from getting the right talent into your organization — from screening resumes to interviewing potential candidates. First, develop a strong culture in your company and then look for those employees who can fit into the culture of your company.
Look for candidates who are more likely to stick with your company. For instance, you can look at their employment history. If they have worked at a company for a long time, this means that they are loyal and they have been through many ups and downs but did not leave the organization. This is a vital point to Retain Employees.
On the other hand, if the candidate has switched the workplace yearly, this indicates that he or she is disloyal. Also, look for other extracurricular activities or volunteering. This indicates that they believe in something and have invested their time for a cause.
Promote from within
When you promote from within, you don’t only make things clear for your employee, but you also help them know that they are valuable and contributed to the company’s success.
You can also hold seminars and workshops to develop the skills of your workers. This could be another retention tool because many workers leave the company when they feel their learning has stopped or they are not acquiring any new skills. So, by nurturing new skills of your employees, you keep them confident about their professional growth.
When learning is an integral part of your company culture, it will not only help you retain employees but also help your company grow.
Offer the right benefits
Benefits play the most crucial role in retaining your key employees and keeping them happy and stress-free. Paid sick leaves and healthcare insurance are the basic benefits that any company can provide. You can go beyond that.
Consider other awards for top performers. If you want to build a long-term relationship with your employees, give them what they want. We all want different things. Some people want the new console game for their child, while some want to go on a family trip abroad. If you want to surprise your worker, ask about the person who is close to him/her in the office. This way you can find out what your employee likes or wishes for.
Company cars is another enticing employee benefit which can help you retain your employee. You don’t need investment to build a whole company fleet. You can simply opt for corporate car rental. Car rental companies offer cars to companies at reasonable prices with flexible contract terms which allow you to cancel it anytime. Best way to Retain Employees
Other sought-after employee benefits include:
- Flexible working hours
- Work from home
- Extensive paid leaves
- Quarterly bonuses
- Picnics and lunches
Be transparent and open
Nurture a sense of family between your employees by encouraging open communication between junior and senior-level employees.
- Hold regular meetings and ask team members for their ideas and opinions
- Have an open-door policy for your employees
- Hold one-on-one meetings with your workers and ask them about their personal growth
Announce important things in your company. Tell your employees about the achievements and milestones you touched.
Don’t wait for the resignation letter. You can rectify the issue as soon as it occurs by taking regular surveys. You can anonymously survey by leveraging technology, so your employees don’t feel uncomfortable when sharing their thoughts with you. Ask them:
- What do they think about their manager?
- How is their work-life balance?
- Do they feel valued in the company?
- Do they get the chance to learn new skills and to work on different projects?
After you have received the feedback, it is now your responsibility to act on it and improve things.
You can retain your employees successfully if you practice these tips at your company.