In this competitive recruitment and hiring environment, employee retention is, more than ever, the key to a successful business. Not only is a low turnover rate good for the bottom line, but it also means you are creating and building upon a firm foundation for the future. Here are a few simple ways to help keep your employees happy and productive!

 

 

1. Recognize Their Progress

Recognize employee progress
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While giving constructive criticism helps guide people in the right direction, it’s great to also point out the good things your employees do. When you see they are doing a good job, acknowledge them individually and verbally shows to them that you are aware of their contribution. Your words will also motivate them to perform even better.

 

2. Plan Team Building Activities

Team building activities
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While there are different positions in the workforce, it is important to gather the different areas in your business under one umbrella. Investing in retreats, social activities and all forms of team building will do loads of good for social dynamics of the company as a whole. One of the best ways to deal with social aspect of your staff is arranging frequent happy hours, during which you can also mingle with your employees in a more relaxed atmosphere.

 

3. Trust Your Employees

Trust your employees
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Delegate without micromanaging. Once you instill more trust, you both will learn. Inspire your employees by giving them more projects and ask for their input on issues or ideas for the company. Also, if there is a project they are passionate about, let them pursue it, even if for just a few working hours weekly. You’ll notice their overall improvement in an instant.

 

4. Offer, Don’t Assign Responsibility

Offer, don’t assign responsibility
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It can be disastrous to reverse roles and assign responsibility to someone who aren’t able to cope with the pressure. Offer the responsibility to the team leaders who want to take it, and allow those who prefer to work cooperatively to do so. This will get employees to step up to the plate and be productive while offering you an opportunity to evaluate how others work.

 

5. Make Your Employees Part Of The Bigger Picture

Make your employees part of the bigger picture
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Informing the team is key to running a successful business. In order to have great communication and trust, it’s great to talk about the company’s future and goals for the upcoming months or years. This will make them feel valued and demonstrate to them that their hard work is going towards something great for the company.

 

6. Prioritize A Good Work Life Balance

Work life balance
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As employers and employees, they all share the common aspect of learning to balance good work with a good life. Embrace the importance of work, but also understand the importance of maintaining a healthy life.

 

7. Be Receptive To Employee Preference

Be receptive to employee preference
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While your business shifts and you notice areas that may need more help, it’s a great time to ask advice from your employees. Ask employees if they’d like to learn something new or improve their skills in a designated area. This helps motivate them to work harder and do the job well.

 

8. Take An Interest In Who Your Employees Are

Get to know your employee
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While you may be busy instructing employees on what to do next, it’s important to get to know them. Understanding employees as individuals is key to understanding what areas they excel in and how you can use those passions in your favor to help your business grow. This will in turn lead to employees that are much more engaged at work.

 

9. Allow Workplace Flexibility

Allow workplace flexibility
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While showing up to work on time and completing all tasks in a timely manner is important to keep a business flowing, it’s also great to show flexibility. If respect is shown at work, employers should respect their employees to have selected days a week telecommuting or working from home. There’s really no reason to pin them down as long as they can continue to contribute.

 

10. Say “Thank You”

Say thank you to employees
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A verbal thanks, a kind note or an appreciative email can go a long way. There is a sense of comfort and recognition that is felt when these words are heard.

 

 

As you can tell, retaining employees does not always come down to paying them more than anyone else. Studies have shown that employees with high job satisfaction are generally more productive, engaged and loyal to their companies. Therefore, hiring managers, HR experts and business leaders should always consider the best ways to keep employees happy in order to cultivate a positive work environment.