Employee Retention

09/04/2019

Employee Retention

At One Resource, we work hard to get to know our clients and understand their needs, so that we can make great matches. Once we have successfully recruited for your team, and you are collectively motivated and working towards the same goals, it will feel like you’re ready to take over the world! However, to remain on top, it is important to create an employee retention plan to ensure that your high performing team remain with you and motivated. There will always be instances where staff will move on; however, ensuring your team are valued and invested in will encourage them to remain engaged. Consider taking the following steps to make sure your team remains on side:

  • Have a flexible and attractive package on the table from the off – At One Resource we can help you to create a competitive salary package based on our local knowledge and understanding of the industry. On top of this, you should also consider holiday days, pension plans and partnerships through which you can offer other perks. It isn’t always possible, but flexible working hours or the ability to work from home can also increase output and are well received by employees.
  • Recognise achievements - Give praise when praise is due and positive recognition will spread through your team. Establishing communication channels is of mutual benefit in terms of both giving and receiving feedback. This could be individually in person, through meetings, via employee communications or through physical rewards. For employees to remain engaged, it is important that rewards are given fairly and consistently, to create a positive and sharing atmosphere. Likewise, if staff are under-performing, having existing communication channels in place gives you a head start in resolving any issues.
  • Include employees in developing your culture - Engage employees with the companies’ values. When recruiting, it is likely that you thought about your values and the fit of potential candidates. Ensure that employees are aware of your companies’ values and aspirations. Include your team in reviewing these to enable them to make a contribution to the future of the company ethos. As well as keeping staff motivated and engaged, it can also ensure that as a team you are reading from the same page and working to the same goals!
  • Provide opportunities for development – training opportunities can promote employee commitment and engagement. Ensure that all staff are sufficiently challenged to remain motivated and are given the tools to enable them to succeed. Within this, consider your high achievers; if there is not a position for them to move on to internally, then training, development and new challenges can keep staff involved.

If you do lose staff, find out why they are moving on. Carrying out exit interviews gives you the chance to gain awareness of any issues so that you can put them right. Getting your staff retention plan right can ensure that your team feel valued and are driven by your shared goals for the future growth of the company.