In a previous blog post, we discussed the value of soliciting feedback within your company. One of the reasons we presented for doing so is to improve the retention of your employees, especially your best employees.
(Let’s be honest for a second. You probably don’t shed a tear over every employee who leaves your organization. The truth is that some are more valuable to the company than others.)
There is hardly any doubt that you’ve heard the phrase “The Great Resignation,” in the news or otherwise. That’s because a staggering number of people are quitting their jobs in the employment marketplace. There is a myriad of reasons why, the COVID-19 pandemic being one of them, as workers have begun to analyze their lives with a “big-picture perspective.”
So what can you, as an employer, do to combat the forces that are currently driving the employment marketplace and resulting in the mass resignation of workers?
In addition to soliciting feedback, which we covered previously, below are four keys to improving your company’s retention of its employees (especially its best employees) and avoiding the fallout from “The Great Resignation”:
#1—Strive to over-communicate.
Why over-communicate? Because when you strive to over-communicate, you usually end up communicating just enough. Unfortunately, with as important as communication is within the professional setting, many people are not as proficient or as skilled as they need to be.
#2—Recognize your employees.
Most employees simply want to be recognized for the good work that they do. This can just include a kind word, something akin to a “pat on the back.” If you recognize the employee in front of their co-workers, that’s even better. They want to know that what they do for the company is both noticed and appreciated.
#3—Provide adequate compensation and benefits.
This should go without saying, but we’re going to say it, anyway, since we’re in the midst of the greatest mass resignation event in this nation’s history. Not only is good pay and benefits a strategic way to attract workers, but it’s also an effective way to keep them.
#4—Provide opportunities for growth and development.
Employees—especially your top employees—want the chance to learn new things and continue to add to their skill set. This is a win-win proposition for your company because not only will providing these opportunities improve retention, but your employees will also put their newfound skills to work for the organization.
Last year, Time Staffing won ClearlyRated’s Best of Staffing Client and Talent Awards for providing superior service to their clients and candidates. ClearlyRated's Best of Staffing Award is the only award in the United States and Canada that recognizes staffing agencies that have proven superior service and quality based entirely upon ratings provided by their clients and job candidates. Time Staffing received satisfaction scores of 9 out of 10 or 10 out of 10 from 75.4% of their placed talent, significantly higher than the industry’s average of 45%.
Contact Time Staffing today to find out more about our placement services for employers!
Time Staffing Inc.