Every employer wants to create a company that employees feel honored to work for. Unfortunately, many business owners face growing problems relating to employee turnover. In fact, statistics show that $11 billion is lost each year due to the cost associated with employees leaving their jobs. With that in mind, here are four tips to follow to minimize employee turnover.
- Move Forward With the Most Qualified Candidates
Staffing your business is often incredibly hard work. It’s important for a business to be able to attract the right talent. With that in mind, you’ll find that working with a staffing company will help ensure your business is finding the right applicants. Statistics show that 93% of recruiters will look at the social media profiles of each candidate, a useful process that can take a lot of time. Therefore, it’s wise to have employment agencies handle these tasks in order to give workers in your company more time for other types of work.
- Find Talent That Matches Well With Your Business
Statistics show that 22% of new hires will leave these positions within only 45 days of being hired. There is a multitude of reasons that can cause someone to leave their job within a company. That being said, you’ll often find that obtaining talent that matches well with your business can reduce the chance of employees leaving after working for such a short time. An employment agency is a great partner to have when it comes to staffing your business. You’ll want to find staffing agencies that will be able to help you find talent that is destined to stay within your business.
- Make Sure Your Company Has a Vision
Not all steps related to staffing your business have to do with who you’re hiring. With that in mind, it’s important to look at if there is any room for improvement in regards to what you offer employees. Considering that, it’s important to ensure that your business has a clear mission and path set forth for employees. These workers want to know that they are making a difference while working toward goals. Having clear visions set for each employee also lets them know how important they are to your company.
- Show Workers That Your Company Cares
In many cases, the attitude of the modern worker has changed over the years. The immense amount of employment opportunities in certain areas can make it quite difficult for a business to retain top talent. Modern employees are often looking for a workplace where time is taken to have fun every now and then. Therefore, business owners should keep in mind that employees feel the need to have a good time once in a while. Considering that, you’ll find that taking time to reward employees with even the smallest gesture can go quite a long way.
To summarize, there are several tips to follow in order to avoid employee turnover within your company. Staffing your business is one of the most important factors to ensure your company continues to grow. You’ll want to ensure that you’re finding quality candidates after posting a job opening. Finding a lot of candidates is great but you’ll need to ensure that you’ve narrowed the worker pool down in order to find the employees that are a great match. You’ll find that letting employees know how they fit in with your business helps them to share the overall vision of your company. Lastly, it’s important to occasionally reward the members of your workforce know that they’re valuable and appreciated.
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