Turnover is not something for a business to take lightly. In these days of rare talent and high levels of market competition, whether or not businesses can attract the most qualified people is a definite marker of that company’s success level over time. So it makes sense to really focus in on turnover and try to minimize it with good management strategy.

Build Your Corporate Culture – And Show it Off!

One of the best ways to encourage employee retention is to build a corporate culture that people love.

Start with the core values that you know people want in a business — mutual respect, compassion and reward for hard work. Then create policy and culture around these ideas, so that everyone feels valued within the business, and feels like they’re working at a positive place where there’s real opportunity.

Incentives

Another key point is to offer incentives for long-term work. Psychologists and economists know that when you incentivize behavior, it has a strong influence on people. Incentives shouldn’t be crass or overly obvious. Managers shouldn’t be trying to bribe people to stay in a business. Instead, there have to be reasons why people choose to remain in a certain company, rather than shopping their resumes all over town.

These incentives can often take the form of opportunities for career advancement. Tie responsibility and higher levels of compensation to someone’s tenure at the business. This gives people something to look forward to as they continue to work for a company over time.

Try to Involve the Best People

There’s also the idea that more precise hiring can cut down on turnover. That’s because you’ve already screened and vetted people for their commitment to the business.

Some of the most intuitive human resources people understand how to conduct interviews in ways that brings in people who are committed and willing to work hard. Over time, that builds a more durable employee base, and you have less of a chance of people leaving, and downward pressure on your business through attrition.

Empower Employees to Do Their Jobs

One of the biggest reasons people do choose to leave a job is because of micromanagement, oppressive rule-making, or a lack of empowerment. At too many companies, hierarchy is prized over innovation. Productivity is valued over organic growth. People just don’t feel like they have the agency to choose how to do their jobs, or contribute meaningfully to the company. Managers really have to take a step back and trust the people who they have hired to do the jobs, to really fight turnover.

Manage Conflict

One of the last important steps is to manage conflict in the workplace. One toxic perso

About Full Steam Staffing

Full Steam Staffing is a full-service staffing agency focused on providing clerical and light industrial staffing solutions to manufacturers, distribution centers and other organizations that need qualified, reliable workers. If you are currently looking to hire and grow your workforce, contact our team of skilled recruiters today!