April 30, 2018

4 Ways to Reduce Employee Turnover

Retaining employees for long periods of time can be challenging in today’s fast-paced business environment. The opportunities out there are plenty and the best employees are constantly being approached by recruiters with new positions and exciting prospects.

That said; it is possible to keep employees happy in their current roles but it does take some time and effort on your part. Studies have shown that if the benefits and the culture is right, an employee will find it difficult to leave and will likely stay loyal to their employer for the long haul.

Below, we share some tips that will help reduce employee turnover in your company by ensuring that your best employees are content in their jobs;

  1. Make Office Life Fun
  2. Sounds simple and obvious, right? It should be but it’s not. The reality is that lots of employers have a hard time finding the right balance between fun and hard work. Many companies will overwork their employees to the point of exhaustion and that’s when these employees decide it’s time to make a serious change.

    Include fun team building activities on a regular basis, celebrate your employees’ birthdays during working hours, consider implementing ‘Happy Hour’ on Fridays or simply make their working environment more comfortable with great seating and vibrant colours.

    You might even want to consider giving your employees the opportunity to work from home or in an external serviced office space when they choose. This improves work-life balance and will contribute heavily to the happiness of your staff. Whatever the case, making work fun is key to keeping people around and, more importantly, keeping them content.

  3. Give Them Power
  4. People want to feel empowered. Considering that work takes up a large portion of everyday life, employees will want to achieve that empowerment with their day jobs. This doesn’t require much effort on the part of an employer.

    It could be achieved by giving employees the reigns to make important decisions on a project, asking them for their opinion on a plan or asking them how improvements can be made in different aspects of the business.

    People want to feel important at work and this can be achieved through small but empowering tactics.

  5. Recognise Them
  6. In addition to feeling important, people want to be recognised for their individual contributions to a company or a project. Recognition comes in many forms, including bonus packages and awards.

    Whatever your chosen tactic, be sure that recognition is a part of your everyday company culture. Make sure management is aware of the importance of recognising their team members when it is merited. As well as keeping current employees happy and satisfied, this culture will also make your company more attractive to prospective employees.

  7. Listen
  8. Employees get really frustrated when management and bosses don’t listen to them. If an employee has a complaint, really listen to what they have to say and consider the changes you can make to improve on things. Listening is a great skill in all facets of life and it is no different in the working environment.

Reducing turnover at work comes down to keeping employees as content as possible. There are some fundamental needs that must be met by all people in order for them to feel satisfied at work. By following our tips, you can be sure that your employees are not just satisfied, but fulfilled too.

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