Resignation rates are climbing, as predicted by labor workforce analysts. The Great Resignation began much sooner than expected, as more and more employees realized – in the wake of the COVID-19 pandemic – that perhaps they might be happier at a different job.
Think about it; your top performer resigns out of the blue, leaving your company at a loss. What exactly happened? Will the rest of your employees follow suit? How does this affect your brand going forward?
You’ll need to rely on your remaining employees to pick up the slack while you fill in the space left behind by your top performer, stretching you and your employees as thin as possible. What can be done to prevent this and retain your employees? Start by ensuring that your existing employees are happy and feel like they matter at your company. Here are additional ways you can effectively drive job satisfaction and retain employees.
Onboarding and Orientation
Set your new hires up for success from the very beginning. The onboarding process needs to educate employees about the job itself, your company culture, and what contributions they can make to thrive in their new roles. This is a critical step you must not skimp on.
Mentorship Programs
Pairing your new hires with mentors can add more value to your onboarding processes. They can help welcome the newcomers into the company, give them much-needed guidance, and make way for a seamless transition. Don’t restrict your mentorship opportunities to new employees. Extend them to existing employees as well. You never know who might need it but is too afraid to ask!
Employee Compensation
As a company, it is imperative that you pay your employees a competitive salary, which means you must evaluate and adjust it regularly. If your business cannot currently afford to pay employees more, brainstorm other unique ways you can compensate them, such as added perks and benefits including bonuses, more paid time off, or retirement plans they can rely on.
Wellness Offerings
Your employees must be fit, mentally and financially, which results in good business for you. If the pandemic has done one good thing, that is to reinstate the importance of mental wellness in the minds of employers and employees. Offer your employees stress management programs, retirement planning services, and reimbursement for fitness classes to retain them long-term.
Continued Feedback on Performance
Many successful organizations have abandoned annual performance reviews to make way for frequent meetings with team members. Employees find it hard to talk about their short and long-term employment goals in one-on-one meetings. Instead of making promises you can’t keep, consider discussing potential career advancement scenarios with your employees so they really know what to expect moving forward at your company.
Reach Out to the Professionals
By contacting a reputable PR agency, like GYC Vegas, you will effectively be able to leverage the most effective recruiting and HR tactics to retain your valuable team members. Reach out to us to find out more about our services.
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