The level of employee turnover depends on many factors, and it is definitely not just about salary levels. It is more influenced by the overall work environment and the conditions you create for your employees.
Employees feel comfortable when the environment is conducive to achieving their goals. The best employees are those who share your company's mission and values.
Common tips that can be given to reduce employee turnover rates include:
Hire people who best fit the requirements homeowner database of the vacancy. Test employees' abilities in practice, immediately including them in teamwork. An interview is necessary to understand the views and assess the personal qualities of a person, but as a professional, he will be able to prove himself only in a team.
Give preference to professionals. All work processes are built on these people, so make sure that they will constantly develop in your company.
Offer better conditions. If you can't raise your salary, attract them with preferential conditions, discounts, offer social security. Some people may be satisfied with a flexible schedule, the opportunity to take time off and participate in corporate events. Many companies pay for their employees to go to the gym and even visit a psychologist. Invest in development, not just in the image of your company.
Create conditions for knowledge sharing. Organize master classes that employees will conduct for each other, encourage a mentoring system.
Respect your employees and demonstrate your loyalty. The team will repay you in kind. If you learn to listen to others, you will be taken into account. Do not humiliate or shame your colleagues, and point out their mistakes correctly.
How to Reduce Employee Turnover
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Praise is very motivating. If a person does a lot for the company, appreciate it. A financial bonus is not as important as recognition of a person in the team.
For many, work is practically a second home. Therefore, create comfortable conditions for development. Then you will not be threatened by staff turnover.
Let your employees feel work-life balance. Give them the opportunity to enjoy their work, but don’t forget that everyone should have a personal life.
Solve complex problems together with your employees, you need to manage alone, but sometimes it is important to hear an outside opinion. Let people in the team feel that their words are listened to. Discuss values and goals, write about this on behalf of the company openly on your portal or in an e-mail newsletter.
Encourage high performance and tie rewards to this metric. Key employees will stay motivated if they see that their efforts are appreciated and rewarded.
Organize joint events where you sum up the results and talk about the successes and achievements of everyone involved.
Try to gather the team at evenings, meetings, master classes. Be open to new things, take into account people's interests when organizing joint leisure.
Help with organizing training, encourage the desire for new knowledge.
Don't be afraid to give challenging tasks to new specialists. With the right mentoring, you can increase the level of responsibility in your employees.
Download a useful document on the topic:
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