2 Key Ways to Increase Employee Retention
While a drop in overall unemployment is great news for the economy, it also means that employee talent is a little scarcer than usual, putting your company at risk of losing its best employees over a discrepancy in salary or personality. While raises in salary are always a great incentive for employees to keep putting forth their best effort, showing your employees that you value their work and helping them engage with your company can be even more effective at helping you keep the right people on your team.
One way to show your employees that you see their potential is by providing training opportunities that will allow them to gain skills that will benefit not only your company, but their personal interests as well. If you have office staff that show an interest in learning new, marketable skills, the notary application Florida offers is worth looking into. Specialized training opportunities within your industry are also a good way to add value to your team while showing them you value their time.
Clear Path to Promotion
One mistake many employers make when dealing with employees is assuming that a decent salary is all that’s needed to maintain contentment. Not only do occasional raises in salary help employees feel appreciated, but they also give the impression that an employee is moving up in the company and in life. Another way to achieve this is by providing your employees with a clear path to promotion. By meeting with valued employees and getting their input on where they’d like to eventually end up in your company, not only can you can gain great insight into what would motivate them to continue with your company, but you will also be showing them that you see them as an active part of your team in the future.
When it comes to the relationship you have with your employees, a foundation of trust and shared values is key. Showing your employees a little appreciation now may mean the difference in the future between keeping your top talent and watching it walk out the door.