When you’re an employer who continues to lose your best talent, you have to take a closer look at ways you can intentionally decrease the employee turnover rate. In addition to learning what went wrong, you’ll also need to look at ways you can actively improve. Don’t wait until the turn-over rate becomes impossibly high to begin this process. In fact, start right now with the following four tips.
Closely Dissect the Hiring Process
The hiring process is key because it’s where you can really find out if a person will be a good fit. Learn how to read people. Get a good grasp on understanding body language and communication. Certain skills and experiences need to be evident within the hiring process. By creating a tight, vetted hiring process, you’ll improve your chances of gaining new talent that will stay.
Pay Attention to the Gaps in the Workplace Culture
Sometimes, the benefits and salary are amazing. However, there’s a bully who’s working in middle management. This bully continues to scare and intimidate people into submission. As a result, employees are quietly looking for work elsewhere. Keep a pulse on what’s happening within the interpersonal relationships of your employees. If you need to deal with a bully or a micromanager, address it directly. If you don’t, the workplace culture will only become more toxic.
Offer Competitive Salaries and Excellent Benefits
Do your research to learn about similar companies in your field. Learn more about what they’re offering in terms of salaries. Look for new benefits you can provide your employees that will inspire better work. For some employees, the opportunity to telecommute is enough of an incentive to stay. For others, the ability to have access to an insurance property claims adjuster is a major bonus. Consider the needs of your employees and respond through a great salary and benefits package.
Within the past two years, so many people have changed their views regarding life and what’s most important. Now, so many people long to spend more time with their families, their friends, and their hobbies. They want the ability to travel at leisure and experience more work-life balance. As an employer, you have the ability to provide that. Get creative as you look for ways to provide flexibility for your employees in order to keep them with the company.
Check References Before Hiring
Hiring the best person for the job is essential to decreasing turnover rates. If you are more selective with who you are hiring, you’ll likely find that fewer of your employees will quit. There are a few things that you can do to help narrow down your candidates but reference checking is a great way to make sure that the employee has the experience they claim to have while also giving you an opportunity to speak with previous employers to learn what type of worker they are.
As you work on decreasing your turnover rate, this process will impact other aspects of the company. From workplace efficiency to happier employees, your efforts in this department can lead to increased profits and so much more. As you learn how to improve in this area, you might find holes in other areas. Always remain diligently in the ways you can improve. Rise to the challenges with grace, and persistently pursue excellence for the good of your company.