Strategies to Boost Employee Retention

With the record number of new jobs created after the pandemic, if you sense your business of losing top talent, you need to move fast and implement your employee retention strategy.

Here are 4 ways you can help boost employees’ job satisfaction and increase your ability to hold onto valued workers

1. Onboarding and Orientation

Setting up an employee to succeed from the start is crucial for the employee’s journey in your organisation. Your onboarding process should teach them about the company culture and how to thrive and build up themselves in a team environment. The tone you set at the beginning sets a precedent on the employees’ entire tenure at your organisation.

2. Conduct a Pulse Check

You might consider introducing new benefits, which can help with the retention of existing employees as well as new hires by boosting the employee morale. You can run a survey about what is important to your current staff or have individual conversations depending on the size of your organisation. Benefits could include flexible schedules, 4 day work weeks, work from home options, option for extended parental leave as well as availability of both parents paid parental leaves, childcare support. Windsor Group partners with QUT to conduct research and survey on organisational culture and climate on behalf of businesses and whole industries

3. Invest in employee training and career development

As part of performance reviews providing employees options to upskill as part of the feedback to help your employees grow professionally by learning new skills is a great way to increase employee engagement and retention. You can encourage the upskilling of staff and offering formal support for further study with study leave/payments. Even running in house, regular training on the systems you use, can help staff feel supported.

4. Work-life balance

The pandemic has forever changed the way employees view and approach work. Employees now don’t want compromises. In the EY 2021 Work Reimagined Employee Survey, more than half (54%) of employees surveyed globally would consider leaving their job post-pandemic if they are not provided some form of flexibility in where and when they work.

You need to implement clear policies about flexible work arrangements which includes WHS, equipment and performance. Clear expectations and boundaries need to be agreed with the employer and employee.

Retaining your employees often start with hiring the right people to join your team. However, it is also essential that your organisation continuously improve their work environment for them to be able to succeed in their jobs.