PERKINS PROFESSIONAL SEARCH BLOG
Retaining Your Talent - July 24,20140 comments
Employee retention is a critical element to the long term success of your business. Managers readily agree that retaining your best employees ensures customer satisfaction, confident co-workers and will provide proper succession planning. Employee retention measures the overall health of your organization and failing to retain a key employee is costly, not just from a financial standpoint but also from a time management and investment perspective. Continuous candidate searches can decrease the moral in your organization and can possibly affect the retention of other employees. If you are losing critical staff members, you can safely bet that other team members’ are potentially looking elsewhere as well.
At Perkins Professional Search (PPS), we are experts in coaching you on great techniques and practices that will help you retain your best talent as well as attracting new talent. See our list of tips below that are proven winners when it comes to retaining talent for your organization.
Perkins Professional Search Retention Tips
Conduct Exit interviews
Exit interviews with departing employees provide valuable information that will improve your organization’s infrastructure. Information obtained from your exit interviews will give you a detailed perspective of what needs to be address within your organization.
Be a Competitive Employer
Offer an attractive and competitive compensation package to include a benefit plan with components such as life insurance, disability insurance or flexible hours. Enable employees to balance work and life. If at all possible, allow flexible starting times, and flexible ending times.
Provide Opportunities & Make Work Fun
Create opportunities for people to share their knowledge via training sessions, presentations, mentoring others and team assignments. People want to enjoy their role and be happy with their work environment. Make work fun. Engage and employ the special talents of each individual.
Demonstrate respect for employees at all times. Listen to them deeply; use their ideas; never ridicule or shame them. Involve employees in decisions that affect their jobs and the overall direction of the company whenever possible. Recognize excellent performance. Offer performance feedback and praise good efforts and results.
Build your Corporate Culture
Nurture and celebrate organization traditions. Some examples would be: have a costume party for Halloween, organize a food drive every December, volunteer with a charity your organization supports, have an annual company dinner or other activities that will encourage team building. This will help engage your employees, allow them to grow both professionally and personally while building their loyalty towards the organization and for each other.
Help Employees Grow
Provide the opportunity for career and personal growth through training and education, challenging assignments and more. Communicate goals, roles and responsibilities so people know what is expected of them. This will enforce that the organization they work for is committed to their professional well-being.
Hire the right people!
Last but certainly not the least important of our tips. Ensure you’re hiring the right person. It is critical to hire the right individual in the first place. Selecting the right candidate for a position can be a daunting task. Simply interviewing candidates with a resume may not be enough to find that valuable talent you’re looking for. PPS is an industry leader in career search and recruitment. When building your team, we possess the knowledge, experience and network that you require in identifying the right talent that you are searching for. Contact us today to get started.