Is your organization undergoing change or struggling financially? If so, reducing turnover should be one of the top action items on your to-do list. You’d be surprised to learn that taking steps to re-engage employees and revisit current management practices can transform your organization from the ground up. Here are some of the best ways to reduce turnover and create a more positive workplace culture:
Promote work-life balance. It’s easy to forget, but your employees have lives outside of your organization. Recognizing the importance of work-life balance is critical to keeping your employees healthy and happy in their jobs. You can do this by requiring that employees take their allotted paid time off, as well as offering scheduling flexibility or remote work options. Employees who achieve a better balance between their work and personal lives will ultimately achieve greater personal and professional happiness.
Offer a competitive benefits package. Your best employees have the option to work anywhere. That’s why it’s essential to offer a benefits package that offers comprehensive benefits, including healthcare, paid time off and a retirement plan. You may also consider offering flexible scheduling or remote work options, as these can be attractive benefits for employees seeking more balance between their jobs and personal commitments. Making sure your benefits package is competitive for the standards of your industry will increase the retention of your workforce and keep the best candidates coming through your door.
Be open and transparent. Connecting employees with your organization’s mission involves a commitment to being open and transparent with them during good times and in bad. If employees feel uncomfortable or insecure in their work environment, they’ll be quick to seek employment elsewhere. While job security is not guaranteed in any workplace, having open communication in which company-wide decisions are readily shared creates a culture of inclusion and collaboration.
While it’s a process that takes time, taking steps to reduce turnover is always a worthwhile endeavor. The more committed you are to regularly engaging your team, the better off your organization will be in the long run.
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