Retaining your best employees is an essential strategy in growing your business. Poor retention drives up an organization’s costs and can negatively impact the team’s morale and confidence. Here are some retention tips to help retain your best talent for the long term.
Overcommunicate Expectations and Details
One of the main reasons new employees quit is because the job isn’t what they expected. Throughout the hiring and onboarding processes, overcommunicate expectations and other important details. New hires should know exactly what to expect when it comes to their job responsibilities and the company culture. Also clarify what their priorities need to be in order to succeed in the role.
Establish What it Takes to Accomplish Their Goals
Employees need to know what to do in their position that will allow them to accomplish their daily, weekly, monthly, and yearly goals within the company. Often, employees leave because they don’t see how they are contributing to the company in a meaningful way. Instead of putting out fires, they need to know they have a purpose. Part of your job is to communicate to employees clearly and consistently how the role will allow them to contribute to the company. If you make that clear from the start, then they will have a much greater chance of reaching (and exceeding) those goals and feeling the sense of accomplishment that comes along with that success.
Set Employees up for Success, Not Failure
To ensure that new hires are happy at the company, set them up for success from the beginning. During the onboarding process, help new hires understand what challenges they will face in their new job, and provide them with the appropriate resources, such as a mentor, to overcome these challenges. You also want to give them tools to learn about the company and their role as quickly as possible. Finally, you want to provide new hires with opportunities to socialize with their peers so they can start to feel like part of the team right away.
Give New Hires Time to Train and Attend Regular Meetings
The most common complaint that new hires have is that they don’t feel like they have adequate time for training and meetings. New hires need the appropriate amount of time to train and attend meetings so they can learn their role and learn what they need to about the company and its culture. Otherwise, they might not figure out how to perform their job fast enough, become overwhelmed, and leave.
Have a System Place
With the above in mind, you have a system in place for training new hires and providing them with the onboarding they need to succeed. You might also want to incorporate a mentorship program to help accelerate the learning process and help make the new hire feel more comfortable.
Retention is essential for a successful business. You need your best employees to stay loyal to the organization so you’re not wasting time and money constantly searching for talent. To improve retention, make sure expectations are clear, establish how the role will help them accomplish their goals, provide them with the tools and resources they need to succeed, and give them sufficient time to train.