Top tips for staff retention

No matter the size or stage your business is currently at, having employees leave is just bad for business.

If you want to avoid this negativity, it’s best to retain your best employees.

And, you can do that by following these six tips.

1. Hire Selectively
Before you can begin to retain employees, you have to make sure that you have the right employees to begin with.

2. Offer a Competitive Benefits Package Salary
If you want to keep top-notch talent, then you’re going to have to pay them well. Salaries are based on the following:

• Employee skill and experience
• Supply and demand
• Geographical location
• Worker seniority

However, a high salary isn’t always the deciding factor when employees decide to seek employment elsewhere.

3. Provide a Comfortable Work Environment and Culture
Have you ever walked into a room and felt either unsafe or uncomfortable? Image doing that every workday for eight or more hours a day.

Employees want to feel safe and comfortable at work.

4. Offer Training
You should offer skills enhancement to all your workers. A large contributing factor to staff turnover is the lack of investment by the company in their development.

5. Listen to Them
You can always spare a few minutes to find out what’s going on with your employees in both their professional and personal lives.

Bonus tip: Conduct “stay” or “new starter” interviews so you can find out exactly why employees have remained with the company and what it would take for them to leave.

6. Recognise Their Accomplishments
Finally, and perhaps most important, you have to recognise the accomplishments of employees. This could be a simple thank you or handwritten well-done note.

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