The Great Resignation is making headlines recently, employee turnover is at an all-time high since the start of the pandemic. This means employers need to work harder to maintain and keep their employees.
In the past, an increase in salary has been the main way to keep employees, but that isn’t always a possibility. There are other important ways to help retain employees beyond salary.
Most people do not want to leave a company or job that they love. They will sacrifice a higher salary for other employee benefits. Flexible work schedules, advancement opportunities, and professional development are a few ways employers show employees that they care and want the best for them.
Flexible Work Schedule
The pandemic introduced a new kind of work day, one that takes place in the comfort of your own home. In today’s new reality, people are looking for better a work/life balance. The 9-to-5 work schedule and 5 days a week in office is no longer the standard, nor is it desired by employees.
By adopting a hybrid work structure and flexible hours, employees now have more control over their schedule and can keep a consistent work/life balance.
A high percentage of employers report that it is difficult to find employees with a specific skill set, so employers look internally and are upskilling your current motivated employees.
Employees who are interested in additional learning opportunities are employees that you want to keep. They are engaged, want to solve problems on their own and want to work to better the future of the company.
It is important to invest in your employees. Start by investing in digital learning that highlights employees current skill set. Get them involved by asking them to find webinars and courses they would enjoy attending to further develop their skills.
I’m sure you have heard the expression “People leave mangers, not companies.” Management affects employee engagement and how likely they are to stay with the company.
It’s important to be proactive and regularly check in with your employees. Learn how they like to be managed and ways their manager can communicate with them more effectively. Collecting this feedback, either one on one or through an anonymous survey, allows you to make the necessary changes to retain employees. Make the changes (if possible) to show your employees you care.
Create Advancement Opportunities
If an employee feels stagnant in their current role, they are going to look for a new place where they can grow. Whether into a management position or wanting to master their skills, it’s important to provide employees with advancement opportunities. Create a path that is individualized for employees, one that creates opportunities for promotion within their current role. Talk with them regularly to see where they see themselves in a year and learn what you can do to help them advance towards their goals.
PeopleShare recruiters are trained to find those employees who are interested in a long-term job opportunity. Our process is built to find our clients the best employees who are looking to make a difference in their new roles. When you work with PeopleShare, you know that we are working diligently to get you the perfect person for the job.