Attracting and keeping top-quality personnel is a priority for every business. However, recent statistics show that employee retention rates are low and turnover rates are high. This makes it imperative to develop methods of holding onto talented workers. Here are some strategies that can help with this.
Create Compelling Descriptions
The first impression a potential employee has of your organization is the description of the job in which they are interested. For this reason, be sure that those descriptions are well-written, properly formatted, and thorough. Their tone should match your company brand and their content should reflect your company culture.
Provide Attractive Compensation
To attract the best talent, you have to offer adequate compensation. This includes not only industry-standard salaries, but also comprehensive benefits, a retirement plan, bonuses, and paid time off. Opportunities for career development such as training courses and mentorship programs are also compelling lures.
Develop a Strategic Onboarding Process
Decrease turnover rates by dynamically connecting new employees to their roles in your organization. When seeking talent, use job boards and websites most in line with your needs. Offer training to your human resources personnel on how to conduct interviews effectively and impartially. Have a thorough onboarding process that trains and integrates new personnel into your company’s workforce.
Clarify Company Culture and Values
Foster a culture of positivity and inclusion in your organization, and be sure that everyone effectively reflects these values. Your company’s mission statement should communicate the values and goals of your business.
Utilize Leadership Training Programs
Efficient management plays a major role in employee retention. Be sure that your managers have the training they need to be able to develop appropriate leadership skills.
Monitor Your Team
After your new employees have been integrated into your team, monitor the levels of their engagement, morale, and productivity. Keep channels of communication open, and solicit feedback to be sure they are fitting in. Watch for signs of overwork that can lead to burnout.
For more advice on attracting and retaining top employees, contact Commercial One Group.