It is good to know how to attract, develop, and retain talented employees because they are the most valuable asset of any organization. Talented employees can help the organization achieve its goals, improve its performance, and create a positive work culture.
Businesses are grappling with substantial challenges in both attracting and retaining top-tier talent. The issue of employee retention has escalated to an even more critical level. Surveys reveal that more than 36% of CEOs now prioritize reducing turnover rates. Alarmingly, around 32% of new hires opt to leave the company within their first six months of employment. Research further highlights that a new employee's decision to stay with a company for the long term is often determined within those initial six months.
As a result, the first 90 days of onboarding are of utmost importance for new employees to familiarize themselves with your organization's vision and culture. Ensuring a smooth and engaging onboarding process during this crucial period can significantly impact their commitment and longevity within the company. Employees are far more inclined to remain loyal to a company that recognizes and appreciates their contributions, offers avenues for growth and development, and fosters a positive and supportive work environment.
Engaging employees meaningfully and effectively is paramount for your management team. Given the substantial costs associated with recruiting and hiring, retaining top talent becomes indispensable for achieving success. To assist you in this endeavor, here are seven valuable tips to help cultivate a positive environment for helping people be at their best.
1. Management
Establish a positive, trusting, and mutual relationship with your staff. They want to have regular access to their direct supervisor and to feel that their managers are involved in their daily work. You should set clear and realistic goals and expectations for the first 30, 60, and 90 days, and measure their success. You should also nurture the relationship for the first six months.
2. Responsibilities
Employees need to have a clear understanding of their responsibilities and expectations in the workplace. People prefer to have specific guidelines. You should identify key resources, provide access to tools and technology, and explain the workflow information to help staff be effective.
3. Training
Effective training will empower people. A lack of training was a reason for leaving their job for 21% of employees. You should teach your new hires how to succeed at your company and connect them with mentors. You should also ask your top performers to do check-ins to ensure that the newbies understand their roles and the unwritten rules in the company.
4. Acceptance
People need to feel accepted by their team. Fostering unity and camaraderie among the team is essential. Within the first two weeks of their employment, engage new hires in one-on-one conversations about their motivations. Assign them a work buddy who can learn about their interests, challenges, and goals. As leaders, you want to know how to best support their professional growth.
5. Mentors
Pairing an employee with a mentor or a “growth buddy” is important. According to a survey, 56% of employees believe that mentors can improve culture and productivity. Mentors can assess the needs of employees and actively help them achieve their career goals and plans, which benefits both the employees and the business.
6. Feedback
Employees need effective feedback. Clear and specific guidance will help them stay on the right track. Building a meaningful relationship among the staff makes a difference. Communicate frequently with new employees about their roles and performance. Show them you care.
7. Focus on STRM
People want to focus on the “stuff that really matters” (STRM) for success. This means not worrying about minor details. Leaders need to understand the onboarding process. They should not expect new hires to be successful without proper guidance and support.
Retaining employees is a challenge for many businesses in today’s competitive and dynamic market. Employees tend to stay longer with a company that values their contributions, provides them with opportunities for growth and development, and creates a positive and supportive work environment. These tips can help you retain your employees and set your company apart from the competition.
DaMar Staffing Solutions of Indianapolis is a full-service, contingency-based recruitment firm, focused on administrative and professional staffing for all industries. There are many staffing agencies, but you want a staffing agency that will work for you. With over 20 years of experience, DaMar Staffing Solutions has built a reputation for providing quality service, top-notch professionals, and flexible recruiting solutions for Indiana companies.
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