The job marketplace is increasingly challenging to hire, and none of us can afford to lose our valuable associates. Fear of turnover is a catalyst for us to troubleshoot ways to retain the staff that we have. Keeping the employees you have is vastly more economical than hiring new employees. It’s a competitive industry, which is why I’m here to share some tips on how to retain your staff and keep them happy.
While not every employer can afford to give above-market raises, one of the most common job satisfaction factors is the ability to earn competitive pay. Employees understand it isn’t just about the money, but they need to make a comfortable living. Earning competitive wages makes your employees feel valued and keeps their interest from taking calls with recruiters and other competitive offers that might come their way.
Employees want to feel valued, and this particular area is becoming more and more critical. The younger generations want to be respected and listened to, and they want to be appreciated, often even more than they desire salary increases.
There is undoubtedly a demand for quality benefits (which can be a sign of appreciation). Still, there is also a call to listen to your employees rather than consider them just another body filling a position. Employees who are appreciated and respected tend to work harder and stay in their jobs longer.
. Flexibility is perhaps one of the simplest things you can do to improve job satisfaction, and many consider it the future of work benefits.
Employees want to work from home when needed, have flexible working hours to accommodate their lives and families, and not feel guilty if they need to take off for something pressing.
In recent years, there has been a significant shift to allowing flexible hours, and the ability to work remotely, and even unlimited PTO. This flexibility is often invaluable in the world of how to retain your staff and keep them happy.
While trust is often difficult to build in the corporate world, small to mid-sized business owners have a distinct advantage. We have the unique opportunity to build a unique foundation of trust with our employees.
Trust works both ways. You need to trust your employees, and they need to trust you as well. Remember that trust is earned, so bring them in, ask for their collaboration, welcome them, and create a trusting work environment that can blossom under your mutual trust. You can influence this circle of trust by taking the first brave step yourself.
Set a Great Example
In the workplace, you are in control. But the last thing your employees want is to see you pouring demands on them while you spend your time out golfing and vacationing. As the manager, owner, or CEO, you should be setting the example for what you want to see in your employees. Fairness breeds a culture of integrity and authenticity.
Set the example for all things. Be the one in charge that builds a positive work experience. Be the manager that always says thank you. Be the manager that openly supports a good work-life balance. You get the idea.
Set an excellent example for a positive environment and a good work ethic and allow your employees flexibility. Positivity is one of the greatest lessons in how to retain your staff and keep them happy.
If you want to know how to keep your best employees, it’s all about stepping forward and making a difference. I’d love to chat with you more about the topic. Please fill out my contact form, and let’s meet to figure out how to retain your staff and keep them happy.
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