When you look at your team, are there any employees who you started out with? If yes, how many? Employee retention is a major goal among employers. A high retention rate means you don’t get to keep replacing employees, which can cost a lot of time and money. It’s also good for your employer brand, making it easier to attract the best talent.
What are you doing to increase your company’s employee retention rate? Even if you’re pleased with your current retention rates, there’s something you can do to increase them.
Read on as we flesh out the various strategies you can use to keep your workers.
Get Your Workplace COVID-Ready
In 2021, one of the most impactful steps you can take to increase retention rates is to provide a workplace that adheres to COVID-19 guidelines issued by the CDC and other health bodies.
Cleaning an office was pretty routine before 2020, but it wasn’t until the coronavirus reached our shores that cleaning and sanitizing workplaces shot up the priority list of employees. Yes, vaccinations are catching on, but this doesn’t mean the virus is gone.
If your employers are working from the office, they want to feel that they aren’t putting their lives at risk. Ensure there’s proper social distancing at the workplace and hire a company that offers coronavirus cleaning services to clean up and sanitize your premises every day.
Offer Flexible Work Schedules
One of the key lessons for employers during the coronavirus lockdown is remote work works!
If you’re one of the employers who were reluctant to let their employees work remotely, now is the best time to make remote work a permanent policy. Even as workplaces reopen across the country, you shouldn’t go back to the old way of doing things.
Sure, it might not be possible to close the office and let everyone work from home, but developing a remote work policy that accommodates everyone can help increase retention. If you don’t, it won’t be long before most of your employees start looking out for openings in companies that offer flexible work schedules.
Hire People Who’re Likely to Stay for a Longer Time
There’s only so much you can do to retain an employee who wants to leave. Quitting a job is part of the business.
However, if you hire an employee who has a record of job-hopping, you aren’t doing yourself any favors. Yes, you want to find skilled employees, but don’t it at the expense of your retention efforts.
Give consideration to job applicants who believe in your company’s vision and mission; people who don’t have a history of quitting a job after a short while.
Employee Retention Rates Matter
It’s easy to assume that employee retention rates don’t matter. After all, you can always replace any employee who leaves. However, a poor retention rate can affect your business negatively.
From providing a safe and healthy workplace to offering flexible work schedules and hiring people who’re more likely to stay for longer, there are many steps you can take to increase employee retention.
Explore our blog for more workplace advice.
