Employee retention is defined as an organization’s ability to keep their staff employed for a period of time. High employee turnover reflects poorly on a company, making other potential employees less likely to grab a chance to work on your team. Here are a few ways to keep your employees around for longer periods of time.

Perks

Provide your employees with a small perk that they can enjoy. Maybe you offer them free coffee in the staff lounge every morning. Or once a month you offer a free breakfast. Can you join up with a local business to get a discount? Maybe a local gym would work with you to purchase memberships at a discount for all your employees. Find something that is fun and will make your employees enjoy working for you.
 

Benefits

Offer a good package of benefits. This is very important to employees and potential hires. A lot of people leave their job and move to another one based on the benefits they are being offered, so if you are known for offering good benefits, more employees will be likely to stick around. Be sure the benefits are available for their whole family too. This may mean a little bit more money on your business end, but if your employees are happy, they will do a better job, which will in turn bring you more business.
 

Conduct Interviews

Check in with your employees to find out how they are enjoying their job with you. Do they seem happy in general? Or do they have a lot of complaints? Take note of their tone and how they speak about their job. Use the information they give you to make changes so that everyone stays happy. Make changes that make sense for everyone and will improve the general morale.
 

Promote From Within When Possible

Employees like to know that they have somewhere to go within your company. The idea of being stuck at the same job forever does not appeal to many. Sometimes a position requires an outside hire, but whenever possible, promote your current employees. This gives them a sense of company loyalty, and they will be more likely to do well at their position.
 

Coaching

Your managers can benefit from coaching on how to handle their team. Send them for professional development or offer team building exercises to get them working with their team members instead of just cracking the whip all the time. A team that works well together and communicates with each other will be a team that will help your business.

Occupancy Solutions has the training you need to keep your employees from leaving. Improve your employee retention rate by taking one of our courses, and you’ll see a huge difference in your business. Contact us today for more information.