10 Reasons Employees Stay
Make employees feel valued by attributing success to their work. Employees need to have a sense of worth in their jobs and believe that they are making best use of their skills in the role they are in whilst receiving recognition from managers for their work. Recognition should be given soon after the achievement in order to motivate the employee to reach even higher successes. Conducting meetings and surveys to ask for employee feedback and to put this feedback into action is a great way to make them feel valued. Most people will work harder to carry out an action that they have helped to influence.
Sharing your company’s vision, values and goals will involve your employees in the long term plans of the business. Involving them in these plans will give them a sense of purpose within the company and motivate them to oversee and indeed contribute to the success of the business. It’s important to practice honest and open communication to help build trust and loyalty.
Challenge employees with stimulating tasks that have a direct effect on the success of your company. Create work that isn’t monotonous but make sure that you’re setting challenging goals which can be achieved through hard work. This kind of challenge will keep employees interested and reduce job-dissatisfaction.
4. On a mission
Having shared the company’s vision and goals with employees, aim to create a desire amongst staff to help achieve these goals. Set targets that are in line with both personal and professional objectives. This, coupled with opportunities for training and development, will increase commitment levels and cultivate a sense of direction for the employee.
Make your employees feel trusted in the company as this can go a long way towards creating an effective working environment. Employers should not contradict their words with their actions as this can break down trust and lead to resentment towards management. Placing employees in positions of greater responsibility will mean that they will have more autonomy over tasks and make them feel more trusted in the organisation. Allowing employees to delegate tasks to colleagues could have the same effect in motivating people to work better. Trust is vital to employee retention, so make sure to find ways to show that you trust your employees on a regular basis.
Similar to making employees feel involved, employees who feel appreciated are often more likely to stay at their current employer and work effectively in that environment. As an employer, you need to make it a priority to display gratitude towards them as often as you can. Appreciation can range from a bonus to a ‘well done’ but it’s your responsibility to know where and when to show this gratefulness. If you want to retain staff you must communicate with them to show your gratitude and show that you appreciate them.
Empowering employees is a great way to show that you trust them, and those who feel trusted are unlikely to leave your company. Empowerment doesn’t need to be a formal process either, it can be done at any point. Managers are an integral part to making empowerment a success, so they need to be taught to look out for these opportunities on a regular basis.
Employees can truly benefit from a good leader. Gaining the trust and respect of your employees will go a long way in enabling them to work for you effectively. Having a mentor that can demonstrate and explain desired actions will allow organisations to nurture and grow their employees. A mentoring programme will enable a less experienced employee to learn from an experienced colleague, with goals to develop specific competencies, provide performance feedback and to design a bespoke career development plan. Both parties must share responsibility for learning and sustaining the relationship, which can reap rewards when motivating employees.
9. Paid well
It is important to consider a number of factors when defining what fair pay means. You must contemplate both the job and the area that your organisation is based before finalising a figure to pay your employees. You also have to take into account other factors that motivate employees that is effective for your company, including offering financial incentives, bonuses, compensation after long projects, a benefits plan and flexible working. Although monetary rewards may motivate some people, non-monetary rewards can also be important and influential when it comes to staff retention. You must consider each employee’s needs and determine what will work best for them.
Having an understanding of who your top talent pool consists of is one thing but being able to recognise and reward appropriately is another. One of the best ways to reward employees is to promote from within. Giving employees this recognition will both motivate them, and allow others to see career progression happening around them and motivate them to follow suit. For this to be effective it is important to give employees a clear path of advancement as they may become frustrated if they see no clear future for themselves within the company.