The Great Resignation, a term referring to the significant increase in employees leaving their jobs, has left many employers concerned about the prospect of high turnover rates, especially in a labor market that is more favorable to workers. Don’t let the Great Resignation impact business – here are four tips for retaining employees:
1. Check In With Your Team
Open communication can help you find out about any issues employees may be facing so you can solve them before it’s too late and they leave. Check-in with your team regularly and facilitate candid conversation. Ask them if they are experiencing any challenges that are keeping them from being engaged and satisfied with their roles and if they need anything from you. This will give you the opportunity to tailor your solutions on an individual basis, rather than operating on guesswork.
2. Provide Opportunities for Growth
With so many employers vying for workers, employees may no longer feel like they have to settle for “dead-end jobs” that are not allowing them to make progress in their careers. Provide opportunities for growth to prevent employees from quitting, such as professional development training courses or continuing education. Also, prioritize promoting from within, so your team feels like they have a future with your company.
3. Encourage Work-Life Balance
The COVID-19 pandemic and its accompanying effects on employees, such as balancing caregiving or virtual schooling for children, has resulted in burnout for many and led them to reexamine what they want out of a job. Encourage work-life balance to show that you care about your employees’ overall wellbeing and not just their productivity. Establish boundaries by not contacting employees during off-hours or time off whenever possible. Work with your team to develop solutions to offer any flexibility they may need with scheduling or remote work. Most importantly, ensure employees feel like they can take their paid time off without penalty.
4. Focus on Recognition
At the end of the day, your employees are people who have a desire to feel like their work is contributing to a greater purpose. It can be disheartening for them to give it their all and not have it acknowledged, resulting in them going elsewhere to find someone who appreciates them. Focus on recognition to improve your retention – make it a point to thank your employees on a job well-done, especially on an individual, specific level, so they know it’s sincere.
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