Connections have grown, whether this is from LinkedIn or going back to collecting email addresses. We are becoming more and more efficient at remaining in contact with past employees or building connections with potential ones. What was once seen as job hopping is now considered progressing. The number of people who quit their jobs rose from 2.5 million in 2013 to 2.8 million in 2014, showing the perception of moving to be better received that it may have in the past. This for a businessman isn’t the soothing news employees may hear it as. Such movements disrupt business progression and productivity therefore it is essential you create the perfect workplace to retain current staff.
Employers can put the ‘How to Manage Your Team’ book down and start to look at employee processes that will help retain them. The most common reason a staff member leaves their role is due to promotional opportunities or career advancement. Understandable you want to feel respected in your role but also have to goal of promotion reachable. This doesn't mean make the promotion easy, no, in fact it means making it achievable but hard to work for. Already you are making your staff more efficient during work hours but providing yourself room for growth. A flourishing staff member will bring you results.
Dip your hand into your pocket and brace yourself, pay and benefits are the next reason most people leave their jobs! Perks provided are a great incentive to join a company, however the reality is this doesn’t put food on the table. Consider more money to the currently employee, after-all the money spent on filling and training a role will cost you more in the long run.
Create a culture too hard to leave! Sound simple but this is something hard to acquire but if you get it right then the benefits are endless. We here at Understanding Recruitment know that 10 hours of our day at least are spent within the company. Yet I’ve not hear a single complaint about working since arriving. Why? Because the atmosphere is contagious; friendly, lively, driven and above all sometimes comical. Try and remember the best party you have been to where your friend asked you to leave with them half way through. No-one wants to leave the party when they are having fun and work can be just the same. But how we have this atmosphere, well you’ll have to find your own ideas.
Getting it right is not easy and can cost you some investment, but retention is an attractive quality when applying for a job therefore worth looking into. Money and time will be needed but essentially you’re just investing in your current staff and making them feel appreciated. Without giving too much away but team outings are usually a good place to start.