Employee retention - 6 good tips to keep your employees

Employee retention

Indicative studies point out that employees change jobs more often than just 10 years ago. Other research also shows that, for example, the younger generation changes workplace every 3 years. In a number of industries and companies, this figure may be lower.

It can be costly to hire a new employee every three years or more frequently. The recruitment and onboarding process is expensive and time consuming. In addition, it also takes a long time before the new employees are well integrated in the workplace, analysis show that it can take up to a year.

Therefore, it is crucial to work with employee retention. In this article, we will give you 6 good tips on how you can retain your employees.

1. Hire the right employees

Employee retention begins during the hiring process. It is important that you hire employees who fit your company and culture. It is therefore essential that you invest time and effort in your recruitment process, as it can be beneficial for your working environment and finances in the long run. If you would like to learn more about the hiring process, click here.

2. Open communication

Communication plays a big role when it comes to employee retention. The management can advantageously communicate changes, expectations and news to its employees, so that the employees feel that they are being sufficiently informed. It is also a good idea to have a consistent feedback loop with the individual employees regarding their work.

You can hold meetings in conference rooms with several employees or talk to employees one on one. However, the most important thing is that there is a steady flow of information from the management to the employees.

3. Create pride among your employees

You may have seen various Facebook or LinkedIn posts from family or friends touting the amazing employee benefits their companies offer. However, it is rarely the employee benefits that make the employees stay with the company.

 

In this connection, various theories and guiding studies make it clear that it is significantly more important that the employees are proud of their work and their organisation. Here you can, for example, ask yourself the following questions:

• Do your employees believe in the work you deliver in the company?
• Would you like your employees to be proud of your results?
• Do you feel your employees are engaged in their departments and teams?

These are questions that are essential for your employees to answer positively if you want them to stay in the company.

4. Make work more meaningful

Studies indicate that 80% of millennial employees in selected workplaces respond that their work means something special to them. It is therefore more than "just a job".

It can be a difficult task to build the above mentality, but the following measures may be ways that can help your business in the right direction:

Give your employees more responsibility or greater freedom

Get your employees to understand the specific significance of their work for your customers and business partners

We have also written an article about employee engagement and motivation, which can also give you inspiration for how you can make work for your employees more meaningful. You can read the article here

5. Strengthen the connection between the employee and the workplace

In a number of workplaces, employees report that they experience a close community between colleagues. This is also a factor that has a great influence on whether the employees want to stay in the company.

For example you can strengthen the connection between your employees and the workplace by the following methods:

• Communicate the organisation's mission regularly and make employees understand the company's values
• Give your employees responsibility and the freedom to work creatively and develop new, better ways of doing their jobs

6. Use resources on employee development

Another reason why many employees choose to seek new work challenges is due to a stagnant learning curve. Thus, it is important that you give your employees new, exciting tasks that can help them develop. It can also be through external courses or internal training courses.

Finally, it should be mentioned that the working environment plays a decisive role when it comes to retaining employees. Workplaces with a work environment where employees feel unsafe or are exposed to harassment or bullying typically have a higher rate of employees choosing to resign from their positions. If you would like to learn more about how your company can establish a healthy working environment, you can read this article

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