Employee Retention Techniques
- 1). Screen prospective employees carefully. Conducting thorough screenings of job candidates is an excellent way to improve employee retention rates. Ask candidates where they see themselves in the future; if it isn't with your company, you may not want to hire them. You should also check the duration of their employment at previous businesses, to determine whether they have a history of job hopping.
- 2). Provide employees with challenging and interesting work. Employees often start looking for other opportunities when they feel that their current position is stagnating. Regularly providing employees with new challenges and learning opportunities will increase your likelihood of retaining them.
- 3). Provide a comfortable and healthy work environment. If you confine your employees to cramped cubicles or windowless rooms, they will be much less likely to stick with the job. Offering a comfortable workspace and some amenities --- such as snacks, or a video game system in the break room --- will encourage your employers to remain with your company.
- 4). Address employee concerns promptly. If an employee has a concern or a recommendation, do not brush her off. Instead, address the issue as soon as possible, preferably in a way that satisfies all parties. To accomplish this, you will need to train your supervisors and managers on how to handle employee comments and complaints. Consider using a section of your employment handbook to codify this process.
- 5). Create incentives for your employees to stay with you. In addition to offering everyday amenities, consider linking incentives to the amount of time spent at your firm. For example, some companies offer employees increased stock shares or 401(k) contributions based on their duration of employment. Offering extra vacation days to reliable employees is another common tactic. And of course, salary increases, and promotions based on employment duration and performance, can be major incentives.
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