Everyone knows that retaining an employee is cheaper than hiring a new one. How can you help to promote employee retention?
Every recruiter and HR person in the world knows that retaining an employee is a lot cheaper than hiring a new one. That means we should be taking a look at how to keep our top talent rather than allowing them to slip through our corporate fingers,.
The problem is that most of us are only looking at how to recruit more effectively, not retain more effectively, when at least part of our budget should be going to that.
Employee turnover is a huge problem and there are more than just a few things that can contribute to it. Did you know that about 80 percent of the accidents in the workplace are attributable to stress and that doctor visits can be too?
Absenteeism and high stress lead to lower productivity and over time lead to a much higher rate of employee turnover
In fact a culture that was negative was the subject of an Entrepreneur survey that found that more than 40 percent of people were willing to take at least a ten percent pay cut in order to get a more positive workplace environment.
If you are looking for a more positive environment and a way to keep your people with you on the job, here are a couple ideas that seem to be the way to go:
Make a more comfortable office. Ensure that the office in which you work has a more comfortable environment and that the right tools and the right furniture are available to protect the long term good health of the workers.
Promote an environment of equality. Equality in the workplace is the law but it is not always adhered to strictly. Allowing people to be treated differently or speaking down to them based on a religion that others may feel is superstition or based on a political affiliation takes place all of the time. Respect means tolerance and providing and guaranteeing that is one key to a successful and harmonious workplace environment.
Make the workplace a judgment free area. People should be accountable for their mistakes and their actions but they should not be singled out for ridicule. Make it a point to ensure that they are not and that private conversations between management and the employee are kept private.
