How to Reduce Your Staff Turnover
Have you trained an employee up in the past, only for them to jump ship and take their expertise over to a competitor of yours? Staff turnovers can be hugely frustrating, there’s no denying that. There are, however, a number of things that you can do to reduce this somewhat costly exercise in your workplace.
To find out what you can do to reduce your staff turnover, be sure to read on.
Hire the right people
First and foremost, in your quest to reduce your staff turnover rate, you need to hire the right people right off the bat. By resolving only to employ new members of staff that are likely to stick with your business over a sustained period of time, you won’t have to worry about training people up only to see them jump ship as soon as they get a better offer.
To hire the right people, you have to optimize your hiring process. This can be achieved by:
- Being very specific with regards to what you want and expect
- Testing a number of soft skills during the interview process (creativity, persuasion, collaboration, adaptability, time management, etc.)
- Read applicants resumes thoroughly
- Put your job offers in writing to show how serious you are about having the applicant of your choice join your team
Deal with employee concerns
If your employees cannot trust you to deal with their concerns in a quick and effective fashion, they will find another employer who can. It is absolutely essential, then, that you address key concerns ahead of time and always attempt to keep your finger on the pulse of your workforce’s most recent wants and needs.
To keep up with all of your employees’ latest workplace concerns, you should make use of the Inpulse HR analytics software solution. This will allow you to find out what is troubling your employees in real-time, which in turn will allow you to deal with these problems quickly and effectively.
Give praise when it is due
Your employees aren’t going to feel inclined to operate in a highly productive fashion if they never receive any congratulations for their hard work. Quite simply, when praise is due, make sure you go out of your way to give it! This will encourage your staff members to carry on working hard for a number of different reasons, one of which being because they will strive to receive more praise going forward. If you wish to go one step further, you should actually reward your employees with benefits whenever they produce work of the highest possible quality.
Staff turnover can be costly. More importantly, it can be quite upsetting. After spending so much time and effort training an employee up, the last thing that you want to see is them taking their newly found expertise elsewhere. It is for this reason that you must seek to reduce your staff turnover at all costs. If you hire the right people, deal with employee concerns effectively, and give praise when it is due, then you will stand a better chance of doing just that.