Employee retention and job satisfaction needs to be in the priority list of the organization especially in this pandemic as many are worried about their future . Happy and satisfied employees are critical for the successful running of the organization , if they are more engaged with the company it results in higher productivity and improved organization performance as they are going to perform better and stay longer . Improving employee engagement is a huge task , employees are the face of the organization , employee retention strategies are implemented to ensure that they feel valued and engaged . Here are few tips to retain employees and keep them engaged in this current environment :-
- COMMUNICATION IS THE KEY – Be visible to your teammates , start communicating with your employees which results in gaining insights regarding the employees perspective towards the work culture and colleagues . Pandemic is affecting all the people mentally , keep reminding the employees that the organization cares for them this helps in gaining their confidence and trust and build an emotional interaction .Retaining employees means creating touch points between leaders and managers , Clear and inspiring communication will help in strengthening tiers with employees and reduce the attrition rate of the company .
- APPRECIATING EFFORTS – Acknowledging efforts and achievements , Recognizing contributions that go over and above regular job performance as it help employees see that the company values them and their contributions . Show your employees that you care, It is essential to foster a positive relationship in the workplace as it decreases talent turnover . Identify the specific actions that you found admirable , don’t just reserve your appreciations for special occasions ., Employees who don’t feel they are recognized for their work are more likely to say that they will quit the job .You can appreciate through public recognitions ,offer them gift cards ,giving them leadership opportunities , giving half days etc. which results in improving employee engagement and retention .
- EMPLOYEE LISTENING– Practicing a regular feedback culture can reduce employee turnover . Feedbacks are very crucial , asking your employees about their experience at the company on regular basis can help your organization to threw lights on things like toxic management and departmental conflicts; you can also take feedback through conducting exit interviews . Also feedbacks from employee make them feel that their work is not getting unnoticed and turn in a deeper sense of responsibility towards the organization . A happy employee will share their experience with others , this will help you attract the right kind of talent to your organization.
- TRAINING AND DEVELOPMENT – Providing training and development to the employees help them to achieve their short and long term goals and advance their professional development . Training makes candidates perceive that the organization is interested in them and them to develop their career in the company . Employees appreciate employers who in invest in shaping their growth and choose to stay with them . Becoming more invested with the skills and more likely to progress with the company , this results in an increase in staff loyalty and retention .
- PROVIDE FLEXIBILTY – The impact of Covid-19 constraints have forced new ways of working . Companies are being acknowledged for their proactivity around supporting staff to manage additional pressures . To take the pressure or work load from employees practice flexible time off for family needs , paternity and maternity leave as it helps in increasing employee satisfaction .
- PROVIDING NON-MONETARY INCENTIVES– You can offer fair and competitive compensation package even by providing non-monetary benefits to your employees to make them feel satisfy. Financial rewards can only attract talent to your organization while Non-monetary perks and compensation helps the talent to retain in the long run . Benefits like health insurance , retirement benefits , Health reimbursement arrangements ,education benefits are very popular benefits that can help increase job satisfaction .
Employee retention program of the organization plays a huge role in the smooth functioning of the organization. High attrition rate in employees can be expensive in terms of having to recruit for a new starter and again invest time in their training . Making your employees feel valued is an important part of your business culture as your staff is one of your most important asset and plays a vital role in deciding whether your business is a success or not .