Strategies for Retaining High Quality Talent
Finding the right people for your team can be a daunting task. Once you find them, retention becomes a top priority. Job seekers often have multiple options. Having a game plan to keep employees engaged is paramount. Let’s discuss three ways you keep your finger on the pulse of the satisfaction level of your top performers.
feedback
This may be the scariest and most vital step for managers. If you consistently find people are leaving or for the sake of prevention, it is a good idea to have an internal audit. Employees often have a different, valuable perspective. Use surveys or one-on-one sessions to allow them to share their thoughts. Aggregate data from former employees and prioritize exit interviews. All of this can be used to identify areas of improvement and find issues before they become problems.
reward Employees
Excellent performance should be recognized. According to Gitnux, 82% of employees consider recognition a crucial part of their happiness at work. Companies that appreciate their employees have statistically higher retention rates. Expressing appreciation is free, but looking for ways to encourage pays big dividends and creates a culture of respect. Be specific and intentional with praise. Additionally, be careful to look for the good in all employees and avoid favoritism.
Clear path to success
According to Work Human, employees are five times less likely to leave if they see a path to growth within the organization. Invest in your employee’s career. Help them understand how to get from point A to point B. Provide mentorship opportunities to encourage promotion from within. Employees who want to grow will stay more engaged when they see their efforts are leading somewhere and that their management cares about their success long term.
Source one offers consulting services
At Source One, our team has spent years honing processes to help employers like you! We utilize proven retention strategies to help you find your employee’s pain points. Our expertise can save you time, money, and turnover. When it comes to retention, don’t guess. Let us help you hire the right fit the first time and keep them. Contact us today!