What is one of the biggest challenges for business organizations these days? It is long-term employee retention!
Due to the lack of an effective employee onboarding process, organizations lose employees in a year increasing their turnover rates and expenses. However, with the following three employee retention strategies, you can improve the retention rate in your organization. Let’s get started!
Don’t follow the “one-size-fits-all” approach
One of the major mistakes that HR professionals and organizations in general make is carrying out processes considering that it will suit every employee irrespective of their job role and position.
For example, employees who are busy parents might want flexible work timings, whereas new graduates will want more opportunities to grow, training, and mentorship.
The best way to ensure that you don’t use a one-size-fits-all strategy, ask your managers to talk to their teams. Get to know what their teams want individually which will help them effectively engage in their responsibility.
Focus on strengths and not weaknesses
To retain your employees long-term, focus on their strengths rather than weaknesses during the new employee onboarding process and further.
Gallup’s research that focused on how strength-based development can engage employees showed a boost of 9-15 % in employee engagement.
The research also showed that 67% of team members strongly agree and support strength-based development to increase employee engagement.
Last but not the least, you need to increase transparency between the employees and the senior leadership. Brigham Young University’s School of Communications conducted a study to determine the impact of organizational transparency and trust.
They found organizations that emphasized transparency between the management and employees had greater engagement and retention. Therefore, make sure to increase communications between employees and the upper management.
Employee retention is certainly a bigger challenge for business organizations and hiring teams. And the key to combating this challenge lies in developing an effective new employee onboarding process that includes these three strategies as well.
And since these strategies are data-driven, it makes more sense to include them in your onboarding plan.
At Squadsy, we want to make your employee engagement retention easier over time. With our automated onboarding software and enhanced features, you can drive your employees in the right direction and increase productivity.
Get in touch with our expert team to know more about our automated onboarding software.