Turnover at a company is expected, at least to a degree. However, if your organization has a role where turnover is classically higher, figuring out how to proceed is difficult.
If you aren’t sure where to begin, here are some tips to improve retention within your workforce.
Simplify Your Hiring Process
While many companies assume that making the hiring process more in-depth is a solution if turnover is an issue, that isn’t always the case. Top talent knows that they have options when it comes to employment, so most won’t stick around if a company’s hiring process is overly lengthy or cumbersome.
As a result, it’s best to streamline your hiring process to reduce the total time, as well as communicate regularly with candidates about how recruitment is progressing. By doing so, candidate engagement remains higher, making it easier to access right-fit talent.
Improve Work-Life Balance
Few things will drive employees away like insurmountable disruptions to their work-life balance. Whether it’s frequent mandatory overtime, overly rigid schedules coupled with restrictive leave policies, or anything in that vein, workers will tire of the situation quickly, causing them to leave.
In contrast, offering benefits that improve work-life balance has the opposite effect. Flexible schedules, generous leave policies, reductions in mandatory overtime, and similar steps can support work-life balance, leading to greater loyalty and less turnover.
Offer Retention-Boosting Benefits
Benefits that specifically focus on boosting retention can make a significant difference when it comes to reducing turnover. One straightforward example is longevity bonuses that reward workers who remain on board for a specific period. Time-based raises can also work as long as they are significant enough. Extra paid time off, more access to training, and similar perks that become available as employees hit specific workplace anniversaries are also worth considering.
With this approach, there’s a clear gain for remaining with the company. In turn, it makes the idea of staying on board more appealing.
Create Clear Paths for Advancement
Most professionals have career-related goals specifically connected to advancing. If they don’t believe that their current employer will help them move up, then they typically look outside of the organization to keep their career on track.
Fortunately, this type of turnover is avoidable. By creating clear pathways for advancement, employees can see the road ahead. Then, by ensuring managers proactively help employees walk these roads, they get to advance and see others doing the same, all while getting critical support. In the end, this makes remaining at the company attractive, as they know that their career will move forward without having to find a new employer.
Ultimately, each of the steps above makes a difference when you need to reduce turnover. By partnering with a staffing company, you can also improve the situation. Recruitment agencies offer hiring solutions that focus on the candidate experience. Plus, identifying right-fit talent is a priority, increasing the odds that new hires will align with your organization, leading to better retention.
Contact the Advance Group Today
If you’d like to learn more about how your company can improve retention or are looking for top talent to fill vacant positions, The Advance Group wants to hear from you. Contact us today.