High employee turnover can be caused by many reasons often leading to employees feeling anxious or uneasy. This can lead to decreased productivity, increased company costs and possibly a reduction in morale. Below are a few ways your company can improve employee retention, reduce turnover, and ensure you have a great culture.

Strong Communication

• Communication across the business is key, listening to your employees or team and providing regular feedback will help them to feel like they have a voice. This includes keeping people involved of what’s going on and when you can involve them. Conducting regular performance reviews and offering constructive feedback to employees. You can also provide a way for employees to voice their concerns and opinions in a constructive way they can feel safe in doing so.

Positive Company Culture

• Creating a positive company culture is crucial for employee retention. It’s important to have an inclusive and supportive workplace where employees or your team feel valued and appreciated. Nothing creates a better culture than having regular employee engagement activities such as team building both internally and externally, various recognition programs or social events.

Providing a Work-Life Balance

• Providing a work-life balance is becoming increasingly important for employees and since Covid it’s now something very high up what’s important to employees. Companies can offer a flexible work environment or remote work options. The one thing to remember when doing this is to have a set up and flexibility that works for your team or the business. You wouldn’t want to offer a fully remote position if it’s critical to the business for people to be in the office.

Supporting your employees

• Supporting your employees and offering wellness programs, such as fitness memberships, mental health resources or even wellness days really demonstrates your commitment to employee well-being. People are not robots so overworking can lead to burnout and a reduction in both wellness and ultimately productivity.

Strong Remuneration and Perks

• Offering competitive compensation and perks is an effective way to attract and retain employees. Providing fair salaries in line with the market and benefits such as flexible working, employee personal growth schemes or even free fruit in the office can make employees feel valued and satisfied with their employment. Additionally, offering opportunities for professional development and advancement can encourage employees to stay with the company long-term.

In summary, improving employee retention requires a combination of competitive compensation and benefits, a positive company culture, work-life balance, and regular feedback and communication. By implementing these strategies, companies can create a supportive and engaging work environment that encourages employees to stay long-term.

If you would like to chat more about the topics covered in this blog, or require any help, please reach out to us via our Contact Us page or email info@scaleuprecruitment.com.au.