I was out visiting a Fife client the other day and was impressed at how many long standing employees were employed at their company. It was impressive to say the least.
So How Do You Retain Your Valued Employees
Here are 5 strategies to ensure your employees are there to stay!
It’s obvious that employee turnover costs businesses money and time. It all comes down to the initial hiring process. Whilst benefits and company incentive schemes are attractive, the most important factor, I believe, when hiring employees is that they have the same values and ethics as your company. A shared culture with clear company values creates unity within employees. Allowing employees to contribute allows them to take responsibility and pride in the success of the company. It makes it more enjoyable for everyone and encourages loyalty through the good and the tough times and there will be both.
Zappos is a great example of company culture. I love their story and the fact they are creating a great working environment for their employees.
2. Company Goals
Make expectations clear. Establish your company and individual goals and communicate them. This may be your company’s 5 year Business Plan or through appraisals. Ensure your employees know exactly what’s expected of them. To help you achieve your business goals, the employees needs to have targets to achieve theirs and how this will be monitored and tracked. Tracking goals should be :
Specific: Well-defined to inform employees exactly what is expected, when, and how much. With specific goals, managers can easily measure progress toward goal completion.
Measurable: Provide milestones to track progress and motivate employees toward achievement.
Attainable: Success needs to be achievable with effort by an average employee, not too high or too low.
Relevant: You should focus on the greatest impact to the overall company strategy.
Time-bound: Establish enough time to achieve the goal, but not too much time to undermine performance. Goals without deadlines tend to be overtaken by the day-to-day crises.
3. Employee Recognition
It you would prefer to have a scheme in place where your employees are recognised for their efforts and contributions, it doesn’t need to be complicated or expensive. A simple note of thank you can be just effective.
Training is good motivation for your employees and an investment for your company. It’s good for your staff to have something to work towards. Encouraging achievements will result in greater motivation and improved performance. Also investing training in junior positions will develop staff members and securing your company’s future. Investing in training is also a more cost effective option to recruiting by focusing on in-house targeted training to meet your business needs. Check out Love Corporate, an SQA accredited Training Centre that can offer bespoke in-house training courses tailored to suit your business.
Be willing to listen to your employees. After all they are the ones undertaking the tasks. Be open to new ideas. Accept suggestions. Allow yourself to be accessible and approachable to your employees. Keep your employees updated what is happening within the company. Don’t allow rumours to affect the productivity of your business.
If you would like to know more about Influx Recruitment and how we can help your company then please email us on firstname.lastname@example.org or call us on 01592 645754.
Kindest Regards, Sharon