How best to retain your employees? 3 retention management tips
Employers know that a good salary is no longer sufficient to keep your valuable employees on board. Several research bodies and media have been studying the factors that influence employee turnover for many years already. And more specifically: what you can do, as a company, to keep these strong team members on board. We studied the available research and have whittled it down to three retention management tips!
1. Invest in your onboarding process
Let’s start at the very beginning: the onboarding of new hires. By ensuring that new employees land in the company in a well-thought-through and efficient way, they feel at home more quickly. Meaning they feel a commitment to the company in no time at all, and are therefore less inclined to leave the company.
So what does a good onboarding process entail? The objective is to introduce new talent as efficiently as possible to the goings on in your company. Discuss your processes and customs with them, introduce the newcomer to his or her colleagues and answer all their questions.
If you don’t do this, then chances are that new employees will gradually run into problems and confusion at work. Which can be a source of great frustration.
2. Create sufficient opportunities for feedback
Annual evaluation interviews are not enough for today’s employees. Try to implement a feedback culture, whereby employees can continually check their work and methods.
Ideally feedback should not just be limited to the manager and his or her employees, but should also take place among employees. Give employees an opportunity to regularly present their work to each other. Have everyone give - constructive - feedback and learn from each other. This ensures that all your employees understand each other’s jobs. And will work together more efficiently, achieving their objectives more quickly! Win-win!
3. Offer flexibility
Now that millennials make up the majority of the workforce, it’s worth thinking about how best to fulfil their requirements. The keyword? Flexibility in the broadest sense of the word.
Roughly speaking, employees want to be able to organise their job in their own way. This means having access to the right technology, being able to work remotely according to flexible schedules. As an employer, you may find it scary to give them such freedom but strangely enough, flexibility increases productivity and improves the company’s results.
Have a look at other articles about how to become a future-proof employer!