Losing employees is always difficult, as you are now faced with the task of having to interview and hire new candidates. The time and effort, not to mention the training, can cost your business valuable time and money. While the position needs to be filled, the process can be quite the headache.
While an unexpected employee loss is impossible to anticipate, creating the right atmosphere at your company will help you retain your employees. By taking the time to hire the right employees, you will increase your employee retention rate. Here are four ways to keep your employees:
- Be Particular
First and foremost, when it comes to hiring employees, be particular about who you choose to work for your company. Because the hiring process can be so time-consuming, it can be easy to quickly hire someone without giving them a background check (this is a good resource), or taking the time to call their former employers and listed references to gain insight into who they are as both a person and as an employee.
By not being selective, it is likely you will end up hiring someone who is not suited for your company, which can lead to them leaving within a few months, or worse yet, having to let them go because they do not fit with the company’s culture. Doing your best to hire the right employees for your company will help reduce your employee turnover rate.
- Provide Opportunities
The reason that many employees leave their current job is not necessarily because they are unhappy with the company itself. More often than not, an employee is leaving the position because they have been offered more opportunities at another company. One of the best ways to retain your employees is to offer them great benefits and opportunities. While smaller businesses might not have the budget to offer employees the same amount as a larger company, doing your best to offer your employees the best you can will help keep your employees around.
- Foster an Inclusive Atmosphere
One of the best ways to keep employees with your company is to foster an employee-oriented atmosphere. Not only do you want your employees to be motivated and feel comfortable at work, it is also important to be as communicative with them as possible. If an employee feels like they do not have a role in the company’s big picture, they can feel as if there work is menial and useless. However, if an employee is treated with respect, they are more likely to perform better at their job.
- Stay True to Your Values
A ruthless company that crosses a few lines to get to the top can alienate ethical employees. Good, hard-working employees want to work for a company that maintains its moral compass. Stay true to your business values, through both the good and bad times your company will face. It will show your employees that this business is a respectable company that will not compromise in the face of adversity.
These four tips can help you keep your employees happy, motivated, and at the company for years to come.
