The world of commerce is perhaps more competitive than it has ever been, which means it’s hugely important for businesses to do all they can to hang on to key employees. Industry leaders know all about the need for sustained success, and also understand why employee retention is key to achieving this. Valued team members are more likely to be productive and loyal; here are five ways to make them feel exactly that way, both now and into the future.
Competitive salaries, impressive benefits
Financial remuneration is still regarded as the most important reason for staying in a particular role, and there’s every chance that it always will be. To attract the top talent it seems that you have to pay top dollar, but these days it’s also important to offer an attractive benefits package. This can include the likes of health insurance, pension plans, paid time off and even gym membership. It’s worth pointing out as well that wellness programmes have become increasingly common in the workplace as well.
Never underestimate the importance of a positive workplace
Any workplace environment that has a negative impact on staff members will find it difficult to retain employees, even if the team is well-paid. Sooner or later, that negativity will lead to more and more in the way of frustration and annoyance. Therefore, creating and maintaining a positive workplace is crucial, and you can do this in a variety of ways. Key factors can be inclusivity and comfort, of course, but it’s also important to foster open, honest communications, to promote the benefits of teamwork and to establish fair, mutually beneficial work-life balances for everyone.
Investments in development are always wise
If your organisation isn’t already offering opportunities for training, education and career development, there’s every chance that your rivals are. Employees who feel that the company is prepared to invest in their potential understand that they have a sense of worth. Professional progression can be achieved via a variety of pathways, including training courses, workshops, seminars, mentorship programmes and more. In the long run, your team members are likely to be more motivated to succeed and, crucially, more likely to remain loyal.
Reward those who deserve it
Boosting morale for individuals is obviously important for those who are rewarded, but it also acts as an impetus for everyone else; after all, if your colleague receives a performance bonus, for example, what’s stopping you achieving it, too? It’s also important to take care of the small things, such as writing a thank you note to a member of the team, or giving them a shout-out during meetings. These are great ways to foster a culture of appreciation.
Promote health and wellbeing
There are many ways to take health and wellbeing more seriously in the workplace. It can involve implementing health and wellness programmes, offering access to mental health resources and creating initiatives that promote a better work-life balance. Opportunities for counselling, the provision of healthier foods and stress management workshops are all worthy of consideration. The benefits to the individuals are all too apparent, but there are benefits for the employer as well, in the form of reduced absenteeism, increased productivity and greater engagement within the workforce.
Here at Rose Media Group, we specialise in B2B PR, providing high-end services to a wide range of industry sectors. We have never underestimated the importance of keeping team members happy, productive and motivated. If you’d like to find out more about what we can do for your company, get in touch with our friendly, helpful team today. We hope to hear from you very soon.
