5 Ways to Improve Your Employee Retention
Looking to improve your employee retention? Most employers are keenly aware of the critical nature of employee engagement – a measure of the emotional commitment workers have to their jobs. When employees are engaged, morale is high, and businesses are more successful. According to Haiilo, an employee communication and advocacy group, companies with high employee engagement are 22% more profitable.
Top Drivers of Employee Engagement
So as a manager, keeping your employees motivated and engaged should always be top of mind. Here are five of the factors that keep employee retention at a high level.
Feeling That Their Contributions Matter
People want to feel that their work is meaningful and that what they do matters. Legendary psychologist Abraham Maslow called it “self-transcendence.” Being acknowledged for contributions that helped the company finish projects and reach specific goals motivates employees to stay engaged.
The Opportunity to Grow and Advance
Almost no one joins a company thinking they’ll always have the same job. Rather, employees are motivated by knowing that there’s a path to advancement in their career. Not only that, but they value the opportunity to learn and grow. That’s why a solid training and development program is critical to maintaining morale and engagement.
Having a Voice at Their Job
Employees are a lot more likely to stay with a company that cares what its employees think. In fact, an IBM survey found that 90 percent of workers are more likely to stay at a company that not only solicits employee feedback but acts on it as well. Therefore, it’s critical to ask what’s on employees’ minds regularly using a variety of channels – from formal surveys to informal meetings to the old-fashioned suggestion box.
Work/Life Balance
More than ever before, job seekers are looking for employers that will help them feel more like a complete person and allow them to maintain a good work/life balance. In response, employers are increasingly programming in flexible scheduling that lets their employees be present for life’s most important moments. You can also increase your employees’ sense of well-being by offering work programs that promote wellness, nutrition, and fitness.
Clear Communication
Employees are empowered by clear communication. On a broad level, it builds a positive corporate culture because everyone is on the same page when it comes to a company’s vision, mission and goals. Individually, it helps employees with role clarity, builds trust, and improves teamwork.
ICR – Driven to Serve You
We are staffing, recruiting and HR specialists. You know where your organization excels and what it takes to make your business successful. At ICR Staffing Services, we know how to identify talent, create a flexible workforce and deliver customizable Human Resources solutions. Contact us today to learn more about what we offer and how to improve your employee retention.
