The costs of losing staff, especially high-performing people, may quickly build up when you include in severance pay, temporary covering, hiring fees, and training new employees. Many managers, like yourself, look for ways to increase employee satisfaction and loyalty. For this reason, it is worthwhile to invest in methods proven to reduce staff turnover.
The following are the best strategies for reducing employee turnover:
Identify the Core Qualifications Required for a Role
It helps to be aware of the qualifications you require in a candidate before you start recruiting for a particular position. To establish a benchmark for success, you can find these defining characteristics by surveying the personalities of current high-performing individuals in the role. If you know what technical and interpersonal abilities are required for the job, you can start narrowing down your list of potential candidates. This lessens the likelihood that you’ll make a bad hire and have to deal with costly turnover in the future.
Prioritize Employee Engagement
Employees want to feel invested in the success of the business and proud of their work. In the grand scheme of things, responsibility is a crucial aspect of the modern business workplace culture. One way to accomplish this is to engage in regional or international efforts by participating in charities to help establish long-lasting workplace relationships and business pride. You can determine what’s most important to workers by using the findings of employee personality and trait tests.
Create Opportunities for Career Advancement
Insufficient career growth has been the leading cause of employee turnover for the past decade. If you’re worried about losing your top employees, providing opportunities for advancement is a high-impact retention strategy. Give your team access to professional events, continuing training opportunities, and career coaching services. By enhancing your understanding of each applicant, pre-employment personality testing can also enhance processes for succession planning and staff development.
If you’re having trouble finding qualified candidates or making the best hiring decisions, look no further than the experts at the Business of HR to serve as your trusted advisors and recruiting support team.