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Top 4 Most Effective Ways To Improve Employee Retention

 

After the unpredictable and, for some businesses, utter devastation and turmoil created and sustained by the impact of the worldwide Covid-19 pandemic, the importance of keeping your most loyal, hard-working and dedicated employees has never held such significance as it does right now.

With this in mind, continue reading to learn of the top four most effective ways to improve employee retention.

 

1.  Create A Feedback Workplace Culture

Communication is one of the most fundamentally important aspects of life, whether that be in a professional capacity or indeed a personal one.

There is a myriad of effective ways to improve communication, both between department heads and company executives and within teams themselves, including but not limited to, the following:

  • Open and honest communication from managers
  • Monthly team meetings
  • Bi-annual one-to-one meetings
  • The use of various feedback channels
  • The nurturing of corrective and positive feedback
  • Setting a tone and environment where feedback is encouraged
  • Setting clear and concise expectations from employees

 

2. Employee Onboarding Programs

Essentially, an employee onboarding program is the introduction of the process of incorporating a newly hired employee into your business in the right way as to maximize their contentment and happiness in their new job role.

Employee onboarding involves familiarizing each new hire with the company ethos, policies and overall culture and is an incredibly effective way to boost your company’s levels of employee retention. More and more companies are choosing to engage and implement an employee onboarding program to create a more honest, open and communicative professional working environment.

 

3. The Development of Career Development Plans

It stands to reason that the most energetic, talented, motivated and ambitious employees are those individuals who are the best members of your workforce to endeavor to keep working for your company for as long as feasibly possible.

It also makes logical sense that (to do this effectively) you must focus on individual and specific career development plans because if you fail to do so, those talented employees are far more likely to seek employment elsewhere.

The best way to develop a career progression plan for an employee who has explicitly expressed interest in ascending the proverbial career ladder is to ask them to prepare a presentation of what they want from their career and how they think the company can help them achieve their specific career goals.

 

4. Recognize & Reward Individual Employee’s Achievements

Every successful manager of a business is fully aware of the incredible influence and power that showing their appreciation to their employees can have.

Depending on the structure of your individual business model, as well as your company ethos and practices, you should endeavor to select the way that is best suited to promote and celebrate employee achievements.

However, one universally accepted way that will not only recognize your employee but also increase your brand awareness and show to everyone reading that you value and appreciate every single member of your workforce is to post your celebration onto one or more of your social media platforms.

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