As the job market begins to show signs of hope in the form of new opportunities, employees weary of long hours, increased job duties, and the constant fear of being terminated are eyeing other jobs. It’s important that human resources push employee retention to the forefront of their recruiting initiatives so they don’t lose their most important asset.
One way employers can assess the current state of job satisfaction is to deliver an anonymous survey to all employees. They can then gauge how many people are considering leaving and what kind of changes should be addressed immediately.
Another way to rally confidence and optimism in your employees is to hold a company-wide meeting about its financial condition. You don’t need to give hard numbers, but transparency can go a long way and can show employees that you truly care about their future. If issues have leveled off and there is a sense of, ‘now we can breathe,’ it’s important to pass this relief on to your employees. Knowing that the company is in good shape will figure in to your employees’ ultimate decision on whether or not to stay at their current job.
Revamping employee perks is an excellent and inexpensive way to motivate employees and keep them engaged at your company. Charity initiatives that get everyone involved, weekly potlucks, drawings for days off, free parking, or even a company trip can reinvigorate your employees’ loyalty.
Along with holding a company-wide meeting that assesses your current state, private meetings with all employees should also be considered. Don’t think of it or advertise it as a review. Instead, talk to each employee about their concerns, goals, or new ideas they have to improve things at work. You might be surprised about what you hear.
Keeping your employees happy and secure in their job is key to productivity and maximum efficiency at work. Employee turnover costs companies billions of dollars a year. While you can’t keep every employee in the door, you can take steps to ensure that those who do leave have nothing but great things to say about your company, and those who stay keep producing the kind of work and ideas that make your company great.
Article courtesy of AfterCollege, www.aftercollege.com, the leading source of entry-level jobs and internships.
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