A good employee retention rate implies a great company!
Everyone wants good employee retention but very few know what it asks for. If you want to know the secrets of employee retention, this is the blog for you! So without any further discussion, let’s move on to 5 practices that will help you increase employees.
– Healthy Onboarding
Onboarding entails more than merely handing over a new employee’s access card and laptop. According to a 2007 study by consulting firm Wynhurst Group. New workers who go through a systematic onboarding process are 58 percent more likely to stay with the company three years later. Ensure that your workers are provided all of the information they need to accomplish their jobs with greatest efficiency. This would contain information about their job, the organisation’s reporting structure, payroll information and company policies.
– Company Culture
People are the foundation of culture. Putting your vision and aims on your website isn’t enough. Communicate your company’s beliefs, goals, and mission. This makes your employees feel like they’re a part of something worthwhile. Install a truly open-door policy and create a climate where they are free to ask questions, share feedback, and make suggestions. But without fear of being penalised for being honest of course.
– Setting Achievable Targets
This might not sound like much but setting achievable targets work wonders. Setting achievable targets helps you boost employee morale. As the employees feel they are an integral part of the department and have achieved well. In the longer term, maintaining employee wellbeing helps in employee retention as well.
– Mentoring & Training
Employers who invest in their employees’ training and development tend to have more loyal employees. Employees feel valued and motivated when companies provide possibilities for up-skilling and reskilling. Provide a well-defined mentorship programme. Also build staff development plans to keep people invested in the organisation for the long term.
– Proper Hiring
Rather than soloists seeking individual glory, hire people who are willing to work in groups. Clarify team and company goals and foster a collaborative and teamwork culture. Because everyone is different, make sure you hire people who bring valuable synergy to the table. Mark important anniversaries and accomplishments. Even buying a few team lunches can improve morale and teamwork! You might want to read 6 HRMS tools which enhance recruitment efficiency.
In conclusion, employee retention is not as difficult as some people make it seem. It requires participation and two way communication though. And what’s a better way to keep in touch with your employees directly than an HRMS? Spine HR Suite helps you boost retentivity by helping you communicate better. Not on this, it also helps in increasing employee efficiency boosting their productivity. You can learn more about Spine HR Suit here.