Employee Retention: 6 Tips to Stop Employees From Leaving

Increasing employee retention is one of the main goals every employer faces, A recent study revealed that 87 percent of employers reveal that...


Employee Retention

Increasing employee retention is one of the main goals every employer has, In fact, a recent study revealed that 87 percent of employers state that improving employee retention rates within the company is one of their top priorities.



 

What is Employee Retention?


Employee retention refers to the ability of an organization to retain its employees. Employee retention can be represented by a simple statistic (for example, a retention rate of 80% usually indicates that an organization kept 80% of its employees in a given period).


According to Wikipedia, many consider employee retention as relating to the efforts by which employers attempt to retain the employees in their workforce. In this sense, retention becomes the strategies rather than the outcome.


As an employer with many employees, it is paramount that having happy workers is a main focus of this whole process. The best scenario a workplace can have is a employee that is not only happy but has been working for the organization for a good duration.


Let's face it. Most of the time someone's happiness has nothing to do with an employer's actions and solely reflects the individual. With this being said, we will fill you in on the best practices that many of our clients use to retain their employees.



1. Manage expectations


Managing expectations is crucial for improving employee relations and retention. Employees understand their role, goals and objectives when expectations are established clearly.


In addition to employees understanding what is expected from them, being an employer, actions and rewards need to be practiced when these expectations are met or exceeded.


This can only be done using having transparent communication with one another.


Retention rate