Employee retention is the ability of an organisation to retain its employees.
High employee turnover can signify deeper issues that have not been resolved, which may include low employee morale, absence of a clear career path, lack of recognition and praise, poor employee-manager relationships or many other issues.
Retention of staff isn't just down to what salary and package you can offer them or if there's a pool table in the office. It's about having an open, collaborative team environment where your administrator can walk into the office of the MD with an idea and talk about it openly and feel valued by what they put into the business. A happy team is a productive team, a productive team equals a profitable business. Remember the individuals in your business are your biggest asset.
So what are the best strategies for retaining your employees?
As a recruitment agency, we meet candidates every day and listen to the things they look for in an ideal employer. Autonomy, flexibility, happy working environment. Unsurprisingly, one set of requirements doesn’t differ largely from the next.
Staff retention is not something that can be achieved by one specific action. It is a result of lots of time and consideration and change in the way a company runs. It is improved upon and altered over the course of time, with a constant view to making employees as happy and fulfilled as possible at work. Ask yourself what you would want from a job and implement these things into the business. We are all human, we all want a voice, a break and a chance to succeed.
Member since: 29th April 2015
Rob Griffiths is the Recruitment Manager at Red Recruitment Solutions Ltd, an independent office recruitment agency in Shrewsbury. The team have experience recruiting staff throughout Shropshire and the...