Employee Retention Can Be a Huge Problem: How to Boost These Numbers
By Space Coast Daily // July 29, 2022
The “Great Resignation” happened for so many reasons after the pandemic. Certain companies demanded that employees return to the office, which some professionals vowed to never do after working remotely. Others did not want to put up with the working environment any longer.
The relocation of people also played a role as some moved to states that responded to the pandemic less harshly. Certain people were scared out of living in a large city due to lockdown restrictions that ruled their life for the better part of a year or more. Below are a few tips to help improve employee retention when these numbers are declining.
Creating Effective Hiring Practices
Hiring can be a complex process for certain companies with several levels of approval. A small business can hone its hiring practices in a matter of months. Essential aspects of hiring include testing the knowledge of a potential employee. Many people label themselves as gurus when they are simply amateurs in their field. Digital marketing is a perfect example of this, as some professionals have agency experience. Others might have only run a social media account for a small company for a short period of time.
Hiring software cannot be underestimated, as some utilize artificial intelligence. Identifying the top applicants can be important when hundreds are applying for a single position. Remote positions tend to have several applicants, as working from home is the ultimate perk for most professionals. Driving up the average quality of employees can improve productivity and work quality over time. Hiring a business like the one found at https://www.talentkeepers.com/ can be very important in increasing employee retention.
Remote Work Opportunities
Many people have gotten a taste of remote work and want to continue working this way. The cut of the commute is so important when it comes to saving time and money. With gas prices raging, commuting to work could cost you hundreds of dollars monthly in fuel.
Hiring employees from around the country can improve the quality of hires. Limiting your search to a local area for a remote position does not make sense. You might even be able to save money on salary with a professional in an area with a meager cost of living.
Giving additional opportunities to earn through various projects can be very important, and extra income can be significant to employees living in the age of inflation. Even simple trips to the grocery store can result in people worrying about having enough money to feed their families.
An Office Location With Perks
Heading to a corporate campus you genuinely enjoy makes work far less hassle. A gym or a great cafeteria could provide food for all employees. A parking spot in some cities is worth thousands per year, so even assigned parking can be a godsend to some. Having a place to keep your vehicle in a city like New York can be convenient when you want to venture outside the city for a few days. Most people do not keep their cars in the city due to the cost of parking and the inconvenience of owning a car in a large city. Public transportation is very reliable in certain cities, unlike other places where public transport is inconsistent.
Loving to work in an industry is one thing but getting paid is why most people work. The professional world is about earning a living, and pay cannot be replaced with passion. Companies that want employees to work below the industry standard will see a lot of turnover. The desire for a job does not mean you should sacrifice income simply because you enjoy what you do. Employees will look for other jobs if they are struggling financially and will jump ship. Blaming employees for wanting to create a better life for their families is a recipe for disaster. Former employees are informed when others are speaking poorly of them. Former employees can be significant assets when referring employees or clients when treated appropriately.
Boosting numbers regarding employee retention can make a massive difference in a company. Even at a single location of a large company, this can lead to a very productive location. Do not underestimate the importance of retaining employees long-term, as this can make for a great corporate culture.