“Employee’s expectations go beyond a mere paycheck today. They prefer a rewarding work environment that will provide them opportunities to grow and excel in their career.”
Employee turnover is something that every business with workers experiences. Employees come and go. When employees leave, it’s costly for your business. It takes time and money to find and train a replacement. That’s why it’s best for businesses to reduce their turnover as much as possible.
Here are 10 effective strategies to reduce employee turnover!
1. Hire the right resources
Hiring a resource should never be a spur of the moment decision. It requires meticulous planning and preparation to ensure the right fit for successful project implementation.
2. Allocate the right resource to the right job
If managers allocate a task to a resource that does not align with his/her skill set, it will disengage them and reduce their productivity.
3. Optimise workforce utilisation
Optimising employees’ utilisation is critical to leverage their skills at maximum potential and retain them.
4. Minimise bench time
Once a project gets over and if resources are not scheduled for another project, they will spend bench-time until they are allocated a new project.
5. Organise effective team-building activities
Facilitating strong bonds amongst colleagues is proven to improve the efficacy of employees and enhance employee engagement.
6. Offer flexible work schedules
In the post- COVID-19 pandemic era, work from home has become the new normal. A healthy work-life balance is an essential aspect of job satisfaction.
7. Plan training & development programs
Providing training and development programs displays the commitment given by the company. A resource manager can help the resources by projecting a career path, thereby giving a purpose and setting direction.
8. Identify key performers
Every business needs a set of worker bees who are diligent in their work. It is expected of employees to show up promptly on time and get the job rightly done and keep the flow of work going.
9. Share regular feedback
Sharing constructive feedback with employees regularly enables them to see themselves from the employer’s perspective.
10. Convey the firm’s goal
Employees must share a common goal and be aware of what they are heading towards. Goal-setting facilitates staff across the organization to make decisions considering long term and short term targets
For more information, please get in touch: Hello@cactusrecruit.co.uk | 01614704597