In today’s down economy, many employers have experienced increased retention of their employees. However, as the economy revives, employees will have a greater pool of job options to choose from and employee retention will not be as easy for employers. If you would like to improve your chances of keeping your top employees on board, or to plan for the future by hiring new employees that are more likely to be around long term, it is important to remain active in decreasing your company’s turnover rate.
To create a positive working relationship from the start, work on the effectiveness of your hiring process. Is your current hiring process leading to desirable results? In other words, assess how well your employees perform in contrast to how well you thought they would perform based on the information you used during the hiring process. If you find that your hiring process is lacking in any way, it may be time to step things up by using more innovative techniques.
These days, there’s no reason to rely on guesswork when it comes to the hiring process. Unfortunately, applications and resumes do not always tell the whole story about a candidate. Robust employee assessment tests that are designed to provide a non-subjective approach for determining the behavioral and cognitive abilities of candidates may be what your company needs to improve its hiring process and its employee retention rate.
Focusing on positive interaction with your employees that includes playing to your employees’ strengths in order to improve their work performance is another effective way to decrease turnover. One of the leading reasons that people leave their jobs is because they have a strained relationship with their supervisor. While it is important to create a professional atmosphere, this does not mean that positive feedback and a good working relationship have to be left by the wayside.
While working on decreasing the things that demotivate employees, it is also important to provide appropriate motivational perks. Fair pay is, of course, one motivational tool. Vacation days, bonuses, and other financial perks are also beneficial. Positive leadership is another great motivator that works to keep employees dedicated to a company.
In review, begin by hiring the “right” employees for the job by using innovative employee assessment tests, and then work to decrease your company’s turnover rate by creating a professional, yet positive work environment. With an ongoing, proactive approach, you will be able to improve employee retention.