The best thing you can do for your employees is provide a good work experience, but what do we mean when we say this? In essence, you spend a lot of time trying to find the best fit for your organization, so you want to invest a solid amount of effort into making sure they stick around. This goes beyond compensation; you should consider the following for your business’ work experience.
You know that hiring and training employees is costly, and it goes beyond just their initial low level of productivity. Onboarding new talent can cost anywhere between 1-1.5 times the position’s salary for someone who has been at your business for five years. This number only increases as the responsibilities do; that’s a lot of investment for someone who could jump ship at any moment.
Your mission is simple: keep your employees from jumping ship. Unfortunately, it’s not nearly as simple as we make it out to be, as there are countless variables that can be considered for retaining employees. You can start by just making their experiences with your business more meaningful. Here are a couple of ways to do this:
Employees don’t like when things swing too far in one direction without any explanation or notice. Some of the issues employees might have is hiring/firing people, operational changes, and policies or procedures that are either undercooked or underenforced. These are all organizational issues and should be treated as such. Take a moment to think about your company’s long-term goals and stick to them. Don’t change them too much, unless the market forces you to do so, and your employees should see that you are trying to make the most out of their valuable skills and time.
People value when their voices are heard. You can preemptively solve a lot of problems simply by listening to your employees and addressing their concerns as appropriate. Plus, people like to be involved and to know that their feedback is helpful for the future of the organization, so if you show them that their presence matters, they will be more likely to stick around to see how they can change things for the better.
A little social activity and camaraderie-building in the office can go a long way toward people being happy and comfortable with their workplace. People spend most of their waking hours in the workplace, which is a sobering fact in and of itself, so your employees should at least get to know and enjoy being around each other to at least an acceptable level. Better work relations means better collaboration and more productivity, after all.
At the end of the day, your business cannot do what it does best without your employees, so make sure they feel seen and appreciated through your actions and policies. To learn more about how you can use technology to aid in these efforts, reach out to us at (603) 499-4400.