Company loyalty doesn’t exist like it used to and millennial employees are known for moving jobs relatively quickly. With a tight job market, people are bombarding your employees and getting them to look for a new, flashy and better job. By creating a company culture that embraces the ideal working atmosphere, employees that leave can still tout the company’s brand as a great place to work.
While attracting new and great talent is important, companies must also look at the talent they have and develop ways to retain them for a longer period of time than what is the current average. This means making some easy additions or changes in the workplace to remain competitive. Here are some suggestions to help your company maintain employees:
1. Ability to Have Choices
Employees like the feeling of having control over their schedules. While too much control can reduce productivity, having flexible systems in place such as a fluid PTO policy or remote working hours allows your employees to be happier and more productive. That way your employees feel like they are being able to participate in the elements of their life that they enjoy while also providing your company with the productive work you need.
2. Provide Resources for New Hires
If an employee stays longer than one year, chances are you have someone that is going to stick around for a few more years. The majority of new hires leave within the first year and even more important, 77 percent of students stay at their first job for less than a year. This means that new hires want to make sure they are immersed in the company and assimilate appropriately. Try to give these hires the ability to sample multiple jobs and departments within the company. Chances are, they will find a job they like and stick with it longer, knowing what else is out there and available.
3. Prepare an AWESOME Onboarding Process
Employees that go through a positive onboarding process in the company stay around for a longer period of time. Knowing the written and unwritten “rules” within a company’s culture helps eliminate embarrassing mistakes for the new hire. During the onboarding process, a new hire feels vulnerable and wants to make a good impression. Be aware of this and try to ensure they have the information and resources to succeed at their job.
4. Provide Feedback
Employees like to know how they are performing within their company. Positive and negative feedback are great ways to help employees do their jobs better. Instead of always focusing on the negative, try to give constructive criticism and find the right time to deliver it. Delivering feedback when you are frustrated or upset about something can make negative feedback even worse. Find a way to turn it into a learning situation, but don’t be afraid to also convey the gravity of the situation, if needed.
5. Provide Continued Education
Employees like to be stimulated and continue their education and progress within a company. Providing employees with the ability to continue their education and develop the skills to continue doing their job well is key to retaining talent. This way employees will be excited to bring new techniques and information back to your company.
By continuing to be a progressive workplace, your company will evolve with the times, to provide a place for your employees to excel. Remembering what matters to your employees and meeting them at their level makes your workplace productive. Don’t be afraid to continue managing like you need and directing your staff, but also be open to new opportunities, suggestions and working solutions.