It can be very frustrating when money, energy, and mainly time, have been invested into a new employee, for it then not to work out. This could be because the employee realises that the job is not for them, or that the employer realises that the employee is not the right fit for the company, or even the job. If you are noticing a large employee turnover, here are some of the things that you could do to aid the situation.
Firstly, one of the most proactive and helpful things that you could do to decrease your employee turnover is to hire the right person in the first place. Meaning, get the right person for the job, and the right person for your company. You should be able to tell from the application and interview process whether the person that you are hiring is the right fit for your company. Do they have similar values and get on well with the rest of the team? If you are still not sure whether they are the right fit for the company after the interview, how about inviting them in for a taster day, and see how they get on whilst in the working environment. If you hire someone that can do the job, but doesn’t necessarily get on with the team, then you may be wasting your time and end up having to let them go. Teamwork is such a vital factor within a company, and if someone isn’t fitting in with the team, then it could be detrimental to the workings of the team.
So, what are some of the things that you, as an employer, could offer an employee to make them want to stay? Offering an attractive pay and benefits is one of the biggest motivators for employees to stay with a company. A recent study carried out by Princeton University found that pay, even though it is not the biggest factor, it is one of the top motivators for an employee (Recruiting Times). Unusual benefits, such as bringing your dog to work, are becoming increasingly popular. Flexible working hours, and things that would aid an employee to have more of a work life balance, would encourage them to keep you as their employer.
Communication and feedback is another massive motivator. Employees like to receive feedback. It encourages them to improve their work, and enables them to see where they can do better. Feedback can work both ways, you can tell the employee how they can improve, and they can offer suggestions in how they think the company could improve. You should provide feedback at least monthly to motivate employees. In terms of communication, even the act of just sitting and listening to what someone has to say can make a great impact. Employees like to know that they are being listened to, and that their suggestions and feedback are being heard.
Providing training and education gives employees a chance to develop within your company, both personally and within their careers. Even giving employees some more responsibility can make them feel that they are an important part of the team, and in turn make them want to stay within this company.
Recognising and rewarding your employees’ hard work, shows to them that they are valued and appreciated by the company. If an employee is rewarded and praised for good work, then this motivates them to keep this up, as they know that it isn’t going unnoticed.
What do you do to prevent a high employee turnover? Comment below!