Staff turnover is something that all business owners worry about and it is understandable why. It is something that many businesses want to reduce if they notice that their turnover is too high. Nonetheless, as a business owner, there are many things you can do to reduce your staff turnover.
Let’s take you through a quick guide on how you can reduce your staff turnover, in 2023.
Choose The Right Talent
Something that many companies get wrong is that they hire on experience. Furthermore, they are not honest with their future employees. Moreover, they will only hire people based on their qualifications instead of their character.
If you want to reduce your staff turnover, there are several things you need to consider. Not only do their experience and qualifications matter but also their character. Try and picture their personality in the office and see if they would fit in with your current team. Something else you need to ensure is their desire to progress in their career. If they have a good can-do attitude, they will likely be the right fit for you.
Establish Retention Early In Their Careers
This is also important because it shows that you are interested in keeping them working with your company. If they understand your goals and how you want your business to progress in the future, employees will picture themselves progressing as well.
Another good way to do this is through regular reviews. Establish their current performance and elaborate on the things they are doing well. Tell them where you can see them in your company and help them understand that they are not just a number to you.
Reward Your Employees For The Good They Are Doing
Something else that is very important with your employees is rewarding them for the good they are doing. Some workers work harder than others and this can easily be spotted by existing employees. Therefore you should acknowledge their hard work and reward them for it. The tricky part of this is choosing which employees deserve a reward and which don’t. We advise you to keep this a secret within your business as it can leave people questioning why they didn’t receive the reward and therefore cause them to be unhappy.
Create A Happy and Enjoyable Environment
Next on the list is creating an enjoyable working environment for your employees. Make them feel like they are friends and not just somebody who works for your company. Consider work events now and again that are already paid for. Not only will this make your business a fun company to work for but, it will also improve company morale overall.
Something else you can do is have a complete redesign of your office. Sometimes, change is what you need so switching the office around could be the change to make people happy. Maybe they are not happy with the partition walls that are currently up in the office because of the lack of natural lighting. Get a designer to come into your office and get a complete commercial fit out to create a more enjoyable environment for your staff.