Is your employee retention high? Are your best people sticking around? Congratulations! But if you are trying to figure out how to get your most valued workers to stay, this blog is for you.
Many businesses struggle with employee turnover. And as it turns out, retaining employees is so much harder than getting them onboard. A high employee turnover can often be detrimental to the growth of the company as it sheds a negative light on not just the company culture but also the leadership. It also affects other employees and inhibits their morale. A company’s inability to hold on to its talent can have serious ramifications for its operational abilities.
Skilled and talented employees are valuable investments and play a significant role in the success of the company. If you want to take your business to new heights, you need to ramp up efforts to retain your top talent. Here are a few ways in which you can do that:
Hire the right people Retention begins with recruiting, right from the application process to selecting the interview candidates. It is about identifying what values, skills, or experiences you want to emphasize and then screening potential candidates according to those parameters. You should also weed out job-hoppers. While there is nothing wrong with wanting to switch jobs for better opportunities, you should look for people who want to learn and grow with your company.
Create a comprehensive onboarding experience When you find the right match for an open position, you should focus on creating an optimized onboarding experience that is strategic and motivates the employee to stay for at least a year. But onboarding should be more than just signing the contract or taking them on an office tour. It should include setting goals and expectations for their work, helping them connect with team members and other employees, and so on.
Pay well Pay your employees right. You need to stay updated on industry compensation standards so that you can match up to your competitors. While it may be difficult to pay competitive salaries when you have a tight budget, know that replacing lost talent and training new hires can also be quite a costly affair.
Create a positive and supportive work culture Employees who choose to stay back at one company for many years often have a strong bond with their workplace. And the best way to make that happen is to create a company culture that is positive and supportive. You should not just train your employees to do their job well but also guide them through the process, and appreciate and recognize their achievements.
For hotel staffing in Austin, TX, contact ESP, LLC. We are a trusted name in staffing and event support. If you are looking to hire the best employees for your business – clerical, administrative, housekeeping, janitorial, serving staff, and so on – get in touch with us today. We are also one of the top convention and event staffing agencies.