2 easy ways to reduce employee turnover | BuildMyBiz News

By BuildMyBiz on October 8th, 2013

October 8, 2013 in Human Resources

High employee turnover rates can negatively impact small business finance. The constant need to onboard new workers is one of the more unproductive tasks a business owner may be forced to deal with. In many cases, it can take a significant amount of time to get a new staff member up to speed. As a result, sales and productivity suffer because new hires are not yet prepared for their roles. Also, managers and other employees may be required to assist new employees who are settling into their roles, limiting the production of tenured workers.

Dealing with onboarding is certainly important, and employee turnover is a normal function of modern business. However, just as it?s necessary?to have quality onboarding and training programs in place, it?s integral to company success to take the proper steps to keep turnover rates low.

Focus on career development?
Helping employees gain the skills they need to be successful in their future endeavors?can go a long way to ensuring that they stay at the company. In particular, entry-level professionals want to have access to resources that will help them develop their careers down the road. If a current employer fails to offer such tools, some professionals will bring take their talents elsewhere.

According to ThomasNet, one of the best ways to enhance career development opportunities is to revamp employee evaluation. Instead of focusing solely on past performance metrics, employers should stress how evaluations can help them highlight skills or qualities they need to develop in order to earn promotions or raises in the future.

Listen to employees
Ignoring the desires and ideas of employees is a surefire way to increase disengagement levels at many organizations. In turn, failing to internalize employee input can create a high turnover rate. Once workers realize that their ideas and suggestions are not valued, they are much more likely to seek alternative employment opportunities. For this reason, TLNT noted that it?s important for employers to frequently engage with staff members to discuss how to improve operations. This approach will show employees that managers and executives are taking the necessary steps to make the workplace more comfortable for all workers. At organizations that place a high value on employee input, turnover rates are fairly modest.

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Source: http://buildmybiz.com/2-easy-ways-reduce-employee-turnover/

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