Tips on how to retain your staff

Keep a happy work force

You’ve put in all the hard work to create your business. You have a brilliant team of employees in place and the business is on track to continue growing. But, as many business owners know – you are only as good as your team. Holding onto your talent and retaining your staff is essential for the growth of your successful business. Your team are the biggest asset to your business, so how do you retain your staff?

When someone leaves the business it can be upsetting, to say the least. You are losing talent within your business and you need to find someone to replace them. We all know how stressful, time-consuming and expensive the recruitment process can be. A departing employee can also damage team morale within the business or encourage other employees to look for work elsewhere.

The recent Work Institute’s 2019 Retention Report showed that there has been a 141% increase in available jobs since 2009. This means the job market is growing and the recruitment world is very candidate driven. There are more opportunities out there than before and this means that retaining your staff is more important than ever before.

In this blog post we would like to look at how you can retain your staff, to avoid the risk of them looking for work elsewhere.

Let’s start at the very beginning. You need to look at the first impressions for a new employee. On their first day you need to have their workspace set up and they need to feel expected. There is nothing worse than arriving for your first day at work and having to wait until a computer, notepad, pen and colleague to welcome you is found.

We would also recommend that you have a buddy system in place. This is a colleague that is ‘given’ to your new employee. They may have lunch together on the first day, be the person that welcomes the new employee, shows them around and teaches them the ropes.

Regular one to one meetings or sessions with the new employee and team leader or manager are a great idea too. This helps the new employee feel valued in the business. It also means that any issues or concerns can be dealt with and ironed out quickly. It is essential that your business has an open door policy as this helps increase employee engagement and means you are aware of issues as and when they arise. The doors of communication are open between employees and managers.

You may also want to consider incentives for productivity as well as length of stay. For example, some businesses give employees an extra day of paid holiday for each year they stay with the business. This means the holiday allowance adds up over time and makes other jobs with minimal holiday allowance less attractive.

It is important that career paths are clear for those employees looking for career progression too. Many people love new challenges and can get bored of doing the same thing day in and day out. One of the most common reasons people leave their job is for a promotion or step up the career ladder. If you can offer the desired career path within your business you will retain your staff and reduce the risk of them leaving.

If you would like help in knowing how to retain your staff then give us a call. We would be happy to discuss your business and staff retention plans with you.