17A substantial number of small business owners have no formal strategy for retaining their employees. Many owners react by offering a pay raise or promotion when an employee gives notice that they’re leaving. If the employee decides to stay, it costs your business more money, and the worker typically leaves in six months because the underlying issue that made them want to leave hasn’t changed. Here are some more effective ways for retaining your best workers.

Hire Top Talent

 When interviewing, determine which candidates have strong career goals and may want to stay with your organization longer. Potential hires who worked with previous employers for several years and have strong short- and long-term career goals are your best prospects. Ask your interviewees what they look for in an ideal company, where they see themselves in three-to-five years, and specific ways they may add value to your organization. Candidates who have well-thought-out answers about how they’ll help your business grow will be your most loyal employees.

Provide Necessary Feedback

 Ensure your staff have ongoing opportunities and regular feedback for growing their skill sets and increasing their work experience. Continual feedback lets your team members know which areas they’re excelling in, which areas need work, and how to improve their performance. Your employees will be able to help set and attain work goals as they move forward in becoming more effective leaders within your organization. Your workers will feel like valued members of your company and develop a sense of ownership over their roles. They’ll stay engaged in their work, produce output more effectively, and remain loyal to your business longer.

Create Strong Company Culture

 Because employees want to work for an organization whose mission, values, ethics, and goals match their own, make sure your workers exhibit your company’s culture at all times. Promoting strong culture defines what’s expected of workers in the areas of personal interactions, reaching production standards, and fulfilling company objectives. Having a defined company culture ensures a cohesive team that works together in innovating your company’s offerings and staying ahead of the competition. Effective corporate culture also enhances your workers’ feelings of belonging to an organization they want to remain with for years to come.

Encourage Work-Life Balance

 Emphasize the importance of your employees establishing a healthy work-life balance. Encourage them to take paid time off for vacations and other activities that promote relaxation and rejuvenation. It’s important to your workers’ health and wellbeing that they spend time engaged in fun activities with family and friends. A week off every six months or long weekends throughout the year help your staff remain happy and productive, and will ensure they want to work with your organization longer.

Follow these simple guidelines to retain your employees longer. For more assistance with expanding your business, get in touch with the expert staff at Innovative Employee Solutions today!

Share this article:

IES celebrates 50 years of innovative workforce solutions!