In today’s everchanging job market, employees are owning their career paths more than ever. They know what they want, and they aren’t afraid to go after what suits their skills and desires best. And more importantly, they aren’t settling.
This creates a struggle to retain talent.
Gone are the days where employees took a job with a company and stayed for decades even if the job didn’t meet their needs or fuel their passions.
Employees have options.
And in today’s job market, they jump ship when one position or company no longer feels like a good fit.
Consequently, this can be a challenge for companies that want to retain top talent. However, tools such as exit interviews can give managers eye-opening insight on why their best employees don’t want to stick around. Using this feedback, managers can offer employment situations that keep the employer and employee’s best interest in mind.
Looking for ways to retain top talent? Consider some of these best practices.
Offer career development opportunities.
Career development is one of the key factors that employees look for when considering a position. Whether it’s new skills or greater responsibilities, employees don’t want to stay stuck where they are. It goes without saying that if there is no room for progression within a company, employees that feel stagnant may leave.
Are there opportunities to learn and grow in your organization? If the answer is no, consider ways that your company can incorporate career ladders or paths for expansion.
Recognizing employees beyond their salary or monetary compensation can go a long way. Employees want to know they are appreciated. Personalized recognition is an effective way to not only show your appreciation for their hard work but also fosters an environment with good overall morale.
This can translate to loyalty to the company.
Empower them to use their skills.
There are times when managers aren’t fully aware of the skills employees possess. This can cause an employee to feel that their skills are underutilized. Additionally, it can cause the company to miss out on opportunities to fully use their staff. By knowing what an employee brings to the table, you can create opportunities for them to take on new or different responsibilities that allow them to use their skillset.
This creates a win-win situation!
Communication is the key to establishing a strong professional relationship with your staff. While performance reviews are a great opportunity for managers to have an in-depth conversation with employees, communication should not be limited to this one meeting. Make it a habit to meet with employees on a regular basis for meaningful conversations.
Find out what their career goals are, learn what they enjoy, and allow them to address any issues they might be experiencing.
Losing good talent can be costly and severely impact workflows. Having the right tools in place can help reduce retention issues and make your organization sought after in the job market.
If you are looking for help finding the right talent to meet your organization’s needs, contact SuitsOn Staffing today!