Did you know that it is more expensive to hire a new employee than to keep your current employees happy on the job? It is absolutely essential that your business have a strong retention program in place. What can you do to establish your company as a place where top talent wants to work for a long time? Here are some ideas for your employee retention program.
- Hire right the first time. The first thing you need to do is try to mitigate long term problems from the very moment you begin the hiring process. Review not only their overall skills but also how well their work style will fit in to your company culture and existing team. Create a hiring plan that will help your company assess employees according to your needs and hiring only the best of the best.
- Rewards and recognition. As your employees continue to work for you it is imperative that you demonstrate gratitude for their accomplishments. Provide rewards and incentives as they go above and beyond their expected performance levels. Give recognition for successes on the job. Say thank you or send a thank you note to their home. You can also create office incentive programs that can help motivate your staff and keep them loyal to your company.
- Continued education. Employees also need to be challenged. You can keep your employees engaged by offering them the opportunity to continuously learn while they are on the job. There are ways that can be done just through office mentorships but you may also want to provide discounts or tuition reimbursement for graduate school or adult education classes in your community. You can also pay for certifications.
- Long term career advancement. Finally, the most important key to maintaining a good employee retention program is to remain loyal to your current employees. When you need to fill a higher level position due to growth or someone leaving the company consider the superstars within your company before advertising for the position. Your staff wants to know that you’re as dedicated to their career as they are to your business’s success.
Are you looking for great candidates to add to your existing team? Harvard Resource Solutions Staffing Agencies in Detroit MI can help today!