Retention has always been a key challenge
for many companies globally. With the level of competition and the changing
work environment, employers must find new ways to engage and retain their top
talent, particularly in a time that’s been labelled as “the
great resignation era”. While offering promotions and further compensations
can be effective strategies, employers should still focus on multiple areas of
the work experience to retain their staff. Below, we discuss some of the
crucial ways to combat turnover and ensure that employees remain at your
company.
Create an engaging onboarding experience
It’s important that your new hires have an engaging
onboarding experience and are set up for success from the start. This means
the onboard process should introduce employees to the responsibilities and
demands of the role, as well as the company culture and how they can contribute
to it. Managers must integrate the employee into the company and create an
environment where they feel accepted. Therefore, offering quality support and
training sets the tone for the employee’s experience at the company and is key
to retaining them long-term.
Provide continuous feedback
All
employees need positive and constructive feedback to be able to succeed and
perform at their best. When an employee receives feedback more frequently from
their manager, it can drive motivation and increase engagement. Having regular
conversations with your employees enables them to understand the progress
they’re making, as well as help identify areas of improvement. Relevant and
quality feedback also means employees will know what’s expected of them and how
their performance is judged. When there’s a high level of clarity between an
employee and a manager, this can create a strong relationship and increase the
chances of retention.
Acknowledge milestones
Recognising your employee’s achievements
and milestones is another effective retention strategy. Whether your employees
finish a complex project, achieve a new target or reach a fifth work
anniversary, take the opportunity to acknowledge the milestone by showing your
appreciation. This could be as simple as reminding them of their value or
holding an informal meeting where the whole team can appreciate the key
milestone. Other ways to celebrate milestones could be presenting special awards,
encouraging a holiday for longer-tenured employees, or gifting them something
meaningful, all of which show you care about the employees’ wellbeing – which
can lead to higher retention.
Prioritise growth and development
As part of providing continuous feedback,
you need to help your employees grow and develop professionally. This means
identifying opportunities for building new skills and improving on weaker areas,
as well as helping them evolve. The best managers
and leaders are able to create clear career paths for their employees and
provide mentorship to pave the way for continuous advancement, and even
leadership skills. Investing in your employees’ growth and development is one
of the best retention strategies, as it demonstrates to your team that you’re
actively thinking about their career advancement. Also, supporting professional
development boosts morale and creates an extra level of trust between an
employee and their manager.
Swisslinx is a leading talent partner
As a leading talent partner, Swisslinx understands the
importance of talent retention and how to get the most out of your employees.
We’ve proven to be an expert in a range of core recruitment markets, such as financial services,
digital and technology,
and healthcare and
life sciences. Over the years, we’ve provided our clients and candidates
with an exceptional recruitment service, delivering market-leading advice and
expertise. We’ve worked with many organisations for both permanent and contract
recruitment. Contact our team today for more information.
