It’s a little-known fact, but this time of year is infamous for employee turnover. Because we associate the launch of the school year with new beginnings, many employees see this as a prime time to give their two-weeks notice.
We all know the various costs and headaches associated with employee turnover – recruiting and training costs, and negotiating salaries can cause a cosmic shift on your balance sheet. So what steps can you take TODAY to keep the All-Stars on your team?
Your employee retention strategy should be in effect from Day One – but there are definitely some quick pick-me-ups you can offer your employees to keep them happy. Here are 6 ways to show employees that they are appreciated and valued, and keep them excited to stick with your team!
1: Entrust your employees with important decisions.
By showing your workers that you trust them to make educated, smart choices, it empowers them and breeds trust and goodwill.
2: Let employees reward each other.
Create a program where employees can reward one another, either with compliments or physical rewards. This creates a real team-player vibe and helps build solid connections between coworkers.
3: Show intention, interest, and empathy.
Bosses tend to have an aura of inaccessibility around them. Bond with employees by showing interest in their opinions, exhibiting intention when you speak with them, and empathizing with their concerns, whether personal or professional.
4: Employee bonding events.
These don’t have to be costly, all-out affairs: a simple movie night will do the trick. Bonding in a non-corporate setting is super-important when building a team that employees want to stick with.
5: Take care of their needs.
Feeling taken care of and secure is like glue for employee retention. We stress this a lot with our iVendTech customers: by providing an office supplies vending machine, you’re not just monitoring your inventory effectively, you’re showing your employees you want them to succeed.
Of course, no one is going to turn down a bonus or some other thoughtful gift! Gift cards, cool gadgets, or even days off are great incentives that keep employees coming back for more – and performing at their best!
We hope this article was informative and helpful for your business – let us know in the comments if you have another strategy we didn’t name! And be sure to check out our IT supplies vending machines on our site.