Having a big revolving door in an organization is never a good thing. You need to constantly reinvest money into recruiting and training employees that may only spend a few days or weeks with your organization. You also are putting more strain on your senior employees, who may decide to leave you after a while. This means that you could have a floor full of inexperienced employees that will never be able to perform well enough for you to be competitive.
This is why you will need to look at your operation in detail and see what you may be doing wrong if your turnover rate is higher than it should be. Let’s take a look at a few simple ways that you can increase retention rates in your organization.
Offer Better Benefits
One of the simplest things that you can do is look at your benefits package and compare it with the competition. If what you’re offering is not up to par, or you’re making it too difficult for your employees to access their benefits, then you may have found your culprit.
You shouldn’t offer the strict minimum either. Instead, try to offer benefits that your employees will not be able to get elsewhere. You could offer a wellness Medicaid rewards program and offer discounts on all sorts of wellness and health products, for instance, and make them easily accessible by offering gift cards your employees can use at their discretion in partner stores. Your employees will feel cherished and provided for by the fact that their employer is ready to go that far for their health, and it will encourage loyalty.
Offer a Better Work Environment
If your employees actually love their work environment, then fewer of them will want to quit, it’s as simple as that. If you’re operating an office, then see if now might be a good time for a refit. Having more natural light or adding some greenery could help refresh the space and make it more pleasant to be in.
You also need to check the break room and see if you could make improvements. If the area doesn’t get enough light, then consider using a different room with windows. Also, see if you can make additions that would favor interactions between employees, like a pool table, a card table, or a station with table games.
Offer Better Work Conditions
You should also look at your employees’ work conditions and see where you could make improvements. Maybe you could lengthen their lunch breaks, or give them more flexibility as to when they can take their breaks. You also need to favor a good work-life balance in your organization. Employees should be able to get time to deal with family assignments or issues. They shouldn’t feel scared to ask you for breaks if they’re having mental issues.
All of these tips should help you increase retention rates in your business. Look at where you could make changes and be attentive to your employees so you can gauge their level of engagement and hear their frustrations.