Organizations value the retention of employees since it costs money and time to replace workers, especially talented and productive ones.
Having a talented team of workers leave the organization may cause strain on the existing employees, who will be forced to handle extra work until those vacancies are filled.
Considering all this, retaining top workers or talented teams needs to be the first priority. So to help you achieve this, the following are ways to consider:
1. Create a Good Onboarding Process
During the process of onboarding, take this chance to make the first impression on new workers. Create the onboarding process where new workers can comfortably acclimate to the workplace. Consider doing this by creating training materials, explaining how the organization operates and offering guidance and support.
Introducing new workers to others may help them feel as if they are part of a team. Taking them for lunch can also be a perfect way to make every new hire feel welcome and have a chance to know coworkers.
2. Consider ERC Program
Although this program is over, you can still have a chance to claim a tax credit, provided you submit the right documents and meet certain criteria.
Your business may claim refundable credits for some health insurance costs. Workers, including hospitals, colleges, and non-profit organizations, qualify for this kind of credit, though there are several aspects every eligible worker should meet. You can click here to learn more about ERC programs so you may know how to go about it.
3. Encourage Creativity
While most companies say they value employee creativity, they lack the necessary policies or initiatives to nurture and support it.
For instance, Google has around 23% program where their workers are offered a chance to do their side projects, which interests them.
Like Google, you may do the same for your employees. You can encourage employee creativity in the office or workplace by:
- Providing outlets
- Setting up an innovation team
- Offering rewards
- Having fun
- Hiring different people
4. Minimize Employee Pain
You don’t expect your workers to work like robots. When a worker’s life and work balance is out of whack, they are likely to suffer. If your workers feel like they spend most of their life and time working rather than living, the work becomes the bad guy here.
Take the struggles that airlines experience, like a pilot shortage, for example. If you are in the same situation with your business, the best thing to do is minimize employee pain.
First, look for those pain points through direct feedback, industry trends, or employee surveys. Mostly, money can alleviate your employees’ pain. Though there are still other ways to alleviate such pains. This may include offering family-friendly schedules to your employees.
High turnover of employees is bad for morale and expensive. It might as well negatively affect the general performance of other workers. Not to mention, it might be hard to continuously employ very qualified workers.
In order to retain workers, you will need a good plan, from paying policies to onboarding. Workers who feel heard and valued are likely to work for your company long-term.