Ten Ways to Keep Employee Attrition at Bay

Having employees who are happy and content with their work contributes to a positive employee retention rate. Since employee retention percentage is a major factor in achieving the company’s growth and productivity goals, you need to manage attrition by making your employees happy and satisfied with their career. Here are ten ways to do just that:

1. Hire The Right Candidates

   Those with personalities aligned with the company’s core values. Be innovative in your hiring process and develop a mutually beneficial relationship with your employees.

2. Send Your Employees To Conferences And Industry-Related Events.

   These boost their skills and ensure that they are on par with the latest trends in the industry.

3. Keep Employees Updated With The Company’s Performance.

   In return, they would know where and how to contribute to the company’s goals.

4. Have An “Open Door” Policy To Show Mutual Respect.

   Give your employees feedback to better understand their goals and way of working, and also help you identify and fill gaps.

5. Promote Teamwork.

   Create a culture of helping each other in a team to build rapport and accomplish tasks.

6. Have Social Events Outside Of The Office.

   Get to know your employees better through informal get-togethers like Happy Hour, team lunches, and sports activities.

7. Give Benefits That Go Above And Beyond The Normal Ones.

   This can be in the form of profit sharing, retirement plans, fitness plans, meal tracking, etc. Why stop at Vacation and Sick Leaves?

8. Reward And Recognize Employee Performance.

   A simple Thank You can go a long way. It can be through a personal note, an email, a token of appreciation, or however creative you can be.

9. Encourage Work-Life Balance.

   Give employees holidays on their birthdays, anniversaries, and other special events. You can also craft policies on flexible work hours or work from home. See how these policies improve their productivity over time.

10. Do Exit Interviews.

    Make sure you clear out any misunderstandings with the exiting employee so that both parties can separate on good terms. This also allows you to identify reasons for employee attrition – if there’s any departmental conflicts, undesirable management practices, etc.

You can choose which of these strategies can be applied to your company in order to craft an employee retention program. Aside from establishing an inclusive culture, you can also get strong referrals from your employees, which further lead to a positive retention rate.

Learn more about how you can manage employee attrition by determining the best-fit candidates for your team. Check out our assessment tools from our HR by Design team.