The 5 Keys to High Employee Retention

Employee retention is one of the most essential factors for a successful business. A low retention rate not only means having put in large amounts of time and money to deal with frequent turnover, but it can also mean a lack of motivation and productivity from current employees.

1. ‍Positive Atmosphere: Attitude is infectious. This means that if an employee arrives to work unhappy and dissatisfied, that can affect the whole atmosphere. Fortunately, the opposite is also true. If you set an example centered around positivity, trust, and respect, it’s going to catch on!‍
2. Growth Opportunities: Nothing boosts employee retention like company loyalty. But you need to give your employees a reason to be loyal. By offering your employees opportunities to learn and grow in your company, you’re showing that you’re invested in them. But that kind of investment is a two-way street.‍
3. Feedback: Do your employees feel like their voices hold any weight at your company? It’s important that employees feel comfortable speaking their minds and that their feedback is taken seriously. Be sure to provide regular feedback opportunities, an open-door policy, or even offer an employee-led committee.‍
4. Celebrating Successes: Taking the time to acknowledge a job well done not only feels nice, but it reminds everyone that their work is serving a purpose within the company’s vision. Celebrating successes could mean throwing a company lunch after a long project or could even be as simple as congratulating an employee on their work.‍
5. Flexibility: We all have lives outside of the office, and finding the right balance can be both tough and a major contributor to stress. Remaining open and flexible with employees’ schedules allows them to dedicate the time they need to their priorities and leads to a major boost in their job satisfaction.