Use these strategies for employee retention to enjoy a loyal and reliable team.
It’s every manager’s nightmare: One of your best employees resigns out of the blue. Right away, you’ve got a number of challenges to tackle. Not only do you have to find a replacement for such a talented team member, but you also have to consider the impact of this departure on the rest of the staff. Whenever someone walks out of the door, people notice, and some may wonder if they should follow suit. That is why business should have sturdy strategies for employee retention in place. As a manager, this may be one of your more important roles.
Hire the Best
Selecting the right team happens during the hiring process. Take care in the interview process to check out those who are looking for a temporary job and those who are willing to commit to staying. Ask questions about their gaps in work or when they’ve bounced around from job to job.
Recognize a Healthy Work/Life Balance
You can’t expect your employees to function like robots. In order to keep them operating at their most efficient level and keep them from harboring ill will against you or the company, you have to help them to establish a healthy work/life balance. This could be an afternoon off to enjoy team bonding or giving them a long weekend every six months.
Generally, people want to excel at what they do. For this to happen, employers should provide the resources and materials to get the job done. It’s even better if you can provide moral and mental support. Conduct bi-annual reviews of team members to assess their progress, address any concerns, and invite feedback. Employees like to know they’re valued, recognized, and respected.
As a business owner, not only should you work to improve your employee retention, but also to protect the company. When you need help finding the right business insurance coverage for your needs, visit Chambers & Company Insurance Brokers today to get started!