3 Ways to Improve Employee Retention

July 24th, 2015

If you’ve been doing a lot of hiring lately — but not because your company is growing at rapid pace — it’s time to make a change. High levels of turnover can ruin your company. If you want to be successful in the long-term, you need a team of loyal employees who are committed to your organization. Make it a priority to get to the bottom of your retention issues now, so it doesn’t continue to hold your company back.

3 Ways to Improve Employee Retention

Tired of accepting resignation letters from great employees? Use these three strategies to boost your retention rate:

Choose Better Managers

A recent Gallup survey revealed that approximately 50% of workers have quit their jobs to get away from a bad boss. Some people are very good employees, but extremely bad managers. If you have people in management positions who really shouldn’t be there, there’s a very good chance this is why your turnover levels are high. Choose managerial level employees very carefully and if you notice a problem, take action immediately.

Promote from Within

Your best employees excel at their positions, but that doesn’t mean they intend to stay in the same roles forever. It’s beyond discouraging for hardworking, skilled employees to be passed up for a promotion by an external candidate, without even being considered for the job. Make your company a place where top talent can learn and grow, so they don’t feel forced to accept a position elsewhere to move up the ladder.

Make People Feel Valued

You hired your employees because they’re smart people with great ideas, but do you let them share their thoughts and opinions? No one enjoys feeling like their ideas don’t count. Stop micromanaging your team and trust them enough to complete assignments their own way. This allows people to feel like they’re actively contributing to the team — and their ideas may even save your company time and money. Employees are much less likely to leave a job when they’re happy and fulfilled.

Need a little help lowering your turnover rate?

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