Your talent is what your business is built on. Without those skilled workers and knowledgeable employees, it would be impossible to do all that you need to see your company grow and meet your goals. But the cost of hiring and retaining that top talent is not negligible. The price you pay when you lose your top workers. Companies are working hard to hire and hold on to the best in the business, and if you are not also focused on that effort in-house, your best workers could be slipping through your fingers.
Here are several ways, beyond bumping up salaries or offering elaborate perks that will help you maintain a high-quality workforce, for the long term. Allow for continued education, motivate, challenge, reward, be flexible, listen
Start with your culture
Retention strategies often include cost of living raises, fancy retirement plans, and shiny end of year bonuses to reward your team. While it’s true that employees will likely show loyalty to the companies who appreciate their efforts and work hard to keep them, it’s risky to assume that money is the only thing keeping them there. The truth is, there will always be another company willing to offer just a little bit more. So, don’t depend exclusively on your financial offerings to keep your top talent engaged. Instead, think about your culture on a broader scale. How can you work to better motivate, challenge, and reward your staff? If they want to keep working for your company, it will take substantially more incentive for them to seek work elsewhere.
Listen to and act on feedback
Employee retention requires investing in your current workforce and making sure they are interested in their work, feel their efforts are valued and have the resources they need to be successful on the job. Engagement leads to greater commitment and loyalty on the part of your workers, for your company and for the work they are doing. Engaged employees are more likely to perform better and stay with the company for a longer period. To keep your team engaged, you should connect with them regularly about their experiences, their goals, and their interests. Do you see a trend of workers interested in learning new skills or furthering their education? Offer a supportive environment where they can build on that interest. Do many of them have a tough time with their commute every day? Consider flexible work schedules or start a company carpool. Take the time to really listen to their concerns and make every effort possible to include them in decision making and invest in their interests.
Stay connected with your employees
Foster and maintain the personal relationships with your employees that make your company more than a job for them. People value the connections they make on the job. Mentor-mentee interactions are what set workers up for long-term success. Maintaining the positive relationships with staff at all levels of employment goes a long way to making each employee feel like their work is valued, that they are part of the larger corporate mission. Do what you can to make your team feel like more than mere employees, but the rock stars they are that drive your business to success every day.
Work With a Top Staffing Agency in Middle Tennessee
Are you looking for the best talent to bring to your team? Contact All-Star Personnel today and work with a top staffing agency in Middle Tennessee today!