5 Actionable Tips for Retention
Make Sure Your Strongest People Stick Around
Improving your employee retention is one of the most important things you can do for your business.
After all, all the resources you spend on recruiting is wasted if you can’t retain high performers!
Here are five actionable ways to retain strong team members and ensure they’re driving your success.
1. Create a solid onboarding process
Retention starts with onboarding. Studies show that a strong onboarding process is absolutely essential for not just new hire productivity but retaining new hires.
Especially in remote environments, it’s important that you use onboarding as a chance to connect a new hire with their team members and show them the ropes.
2. Provide development opportunities for new and veteran team members alike
One of the biggest drivers of turnover can be a sense that your career is stagnating, or you are not getting opportunities for advancement.
Any leader understands it’s important to train new employees so they can succeed at their job. But make sure you’re also offering development opportunities for existing team members so they can add additional value and take their career to the next level if interested.
Your team’s success and growth is your organization’s success and growth!
3. Prioritize identifying and developing strong leaders
You have heard the saying “people don’t quit jobs, they quit managers.” It’s an oversimplification, but there is no doubt that poor leaders cause a lot of people to quit.
Prioritize identifying up and coming leaders, building a leadership pipeline, and training leaders to lead with true purpose.
Whatever it costs to develop leaders, it is a small price to pay compared to repeatedly losing quality talent.
4. Leverage People Analytics
One of the biggest reasons turnover is so persistent is because companies implement solutions without fully understanding why people are quitting.
They offer benefits that do not address the real problems. It’s critical to leverage people analytics to understand the pain points of your team and why they might be frustrated in the workplace.
With this data, you can implement personalized, highly effective solutions.
5. Give Credit Where Credit is Due
It’s common sense that good leaders congratulate their team members and show appreciation for their hard work.
However, in our busy workdays it’s easy to let it fall by the wayside or fool yourself into thinking it doesn’t matter. It does.
Your team members notice when you go out of their way to say thank you, and they notice when you’re silent about it too.
If you’re looking to develop and apply a PROVEN solution to turnover, contact us today to learn more about our talent optimization platform from the Predictive Index.
We’ve helped businesses like yours slash turnover by as much as 20% with this platform! It’s time you made a real difference for retention.