Your employees are one of your business’s strongest assets. But in today's competitive marketplace, it can be extremely difficult to retain your top talent. This is especially true if employers and managers are not doing whatever they can to create an engaging and positive workplace.
So what can you do to improve your retention rates and keep your employees within your organization? Here are our top three tips:
Encourage Professional Development
By helping your employees grow in their professional careers, you are not only bringing new ideas into your organization, but also showing them that you support their career. Try assisting employees in attending industry conferences, as well as offering access to internal and external courses or programs.
Coach Your Leaders
Your management teams have a direct impact on your entire team, so be sure to provide them training that can help everyone stay positive and motivated. In fact, a recent Gallup poll found that employees who work for highly engaged managers are 59% more likely to be engaged themselves.
Offer Better Benefits
According to data from Glassdoor, a better insurance offering, which included health, dental, and vision insurance, was ranked the top benefit correlated to employee satisfaction. Insurance can be a substantial cost to employers. Partnering with a human resources outsourcing (HRO) organization, like SynchronyHR, can often help small businesses gain access to top-tier benefits at a competitive cost.
Looking to improve retention rates within your organization? If so, SynchronyHR is here to help! Get in touch to learn more about how our HRO services can help grow your business.