The way in which past generations viewed employment is very different from how it’s seen today, particularly when it comes to sticking with an employer.
Due to employees’ greater willingness to change jobs, companies must use work harder to keep their top talent. In addition to hiring the best people, your company also has to develop and engage its workers to keep them from walking out the door. Investing in employee retention is a much better use of resources than continually investing in people who leave after just a few months.
With this employee mentality and the current tight labor market in mind, consider the following approaches to keep your best employees.
4 Tips For Keeping Top Employees
1. Hire for Overall Fit
Keeping your best employees starts with hiring the best candidates for your open position. Job descriptions ought to be thorough and kept up to date. Those doing the hiring will have to evaluate job applicants completely and ensure they have the abilities, experience and personality to thrive in both the position and your company.
This doesn’t mean hiring unambitious people, thinking they will be content in the same position for many years. You should hire people with ambitions. You just need to ensure you provide a path for them as they gain experience and skills.
2. Provide Opportunities
If staff members feel like they have hit a ceiling or don’t see a long-term future with your company, they will try to find opportunities elsewhere. If you help your staff members grown and develop as professionals, they will be far more likely to stick with your company.
Career development opportunities are appealing to ambitious and talented professionals, Typically, they would much rather stick with an organization where they can grow than take a chance on another business where they may not have the same opportunities. One way to support career development is to offer programs like tuition reimbursement and covering the costs of professional certification programs.
3. Trust Your Staff
Sadly, trust is in short supply in today’s business environment, and employees know this all too well. On the other hand, if employees feel like they are trusted by management — they will be less likely to quit.
You can convey trust by not micromanaging and delegating desirable, important tasks.
4. Support Work-Life Balance
In the past, many employees would sacrifice personal time for their employer because the employer would reciprocate with secure, long-term employment and comprehensive benefits. Now that pensions are mostly a thing of the past and countless jobs are at risk of being outsourced or automated, employees are much less likely to sacrifice personal time for their employer.
To keep you best employees, you need to acknowledge their desire for a sustainable work-life balance. Flexible work hours, telecommuting and other measures allow employees to take care of family and personal issues while still handling their job responsibilities.
Let Us Help You Acquire and Retain Top Talent
At Cornerstone, we assist our clients in the sourcing and retention of talent for their essential operations. Please contact us today to find out how we can support your success.