Many companies are suffering from higher than usual resignation numbers. Employees are quitting on such a large scale that the press has given the epidemic a name: the great resignation. With this in mind, it is not surprising that companies are investing more and more time into staff retention strategies. Keeping the best staff on board is absolutely essential if a company wants to promote sustainable growth and foster a good working environment. Here are 4 ways in which a company can keep employees on side and on the books.
- Invest In Education
Employees tend to stay with companies that they can clearly see are investing in their personal and professional development. Offering education and constant training is a good way for a company to invest in its staff. Some companies offer nationally recognized qualifications that can be gained during work hours. This not only allows an employee to develop, but also makes it more likely that they will be able to be promoted within a company. Promoting staff within a company keeps them on board even if they become too skilled for their initial role. The experience that they bring to the table as senior staff that have completed entry level roles is invaluable.
- Offer Good Benefits
Comprehensive Employee benefits are immensely important when it comes to keeping staff on board. This is especially true in the United States of America, where there is minimal federal support for people trying to access healthcare, childcare and insurance. Health insurance – which is prohibitively expensive for many Americans – is often one of the most sought-after employee benefits. When an employer offers staff health insurance they are essentially promising to provide a degree of stability and financial freedom so long as an employee continues to perform the tasks they have been set.
- Look Out For Their Wellbeing
Staff often quit due to declining levels of wellbeing. The modern workplace is not very conducing to good mental or physical health. Some companies have tried to offset the negative impact that they may have on their employees’ wellbeing by investing in counseling services and offering free online counseling to all staff. Allowing staff to have paid time off when they are overwhelmed with stress – or ideally before it gets to that point – is a good way of showing staff that their wellbeing is being taken into account. The cost of allowing this is far smaller than the cost of finding new staff and bringing them on board.
- Hybrid Working
The Covid-19 pandemic has changed a great deal about the world of work – almost certainly for good. Employees are no longer content with the idea that they can be arbitrarily forced to carry out work in an office that they could just as easily carry out at home. Forward thinking companies are offering hybrid working regimes to employees in a bid to keep them on the team post pandemic. Luckily, there is plenty of technology that enables good communication and good quality work from home.