(Newswire.net — January 2, 2018) — Employee turnover is always a pain in the necks of HRD specialists and managers. When operations are at a critical stage, seeing employees leave affects group dynamics.
When key office personnel go, it is difficult to replicate or replace the performance level of those people. Looking for a replacement is not as easy as it sounds. The cost of hiring a new employee is actually expensive.
Employees leave a workplace when they no longer find any reason to work at their best or to work at all. How do employers and managers avoid losing important people? Here are suggestions.
Avoid Micromanaging
Micromanaging tends to result in the overlapping of duties. It also causes a lack of self-confidence, as employees will feel that they are not good enough to think of solutions. Micromanaging discourages employees from exploring their own ideas, which will cause them to slack off or deteriorate in their performance.
Compensate Accordingly
You have your business interests to protect, but you have to align them with employee interests as well. Employees want to feel that the effort, skills, and time they’ve put in for the company are commensurate to what they have been paid. Proper compensation is a form of appreciation, after all.
Low or inadequate compensation has been a common cause of employee attrition, and this creates resentment toward management. The right compensation is tied to the company’s organizational structure, vision and business strategies. In that case, developing a fair compensation system motivates employees to stay.
Exercise Transparency
Progress, goals, decisions, and setbacks are things that employees want and need to know. Managers should disclose these kinds of information so that employees know where the company is headed. Employees find it hard to trust managers who restrict the flow of vital information at work.
Employees need to understand why they are doing the things they do and what the goal ultimately is. When they know what they can do to achieve this goal, employees will do their best to master their skills. They are motivated when they know how they factor in the company’s scheme of things.
Clear and consistent goals and organizational structures are the foundations of a successful business.
Encourage Growth
A motivating environment is one that encourages growth in all aspects: financial, professional, and personal. Personal growth, in particular, is related to physical and emotional wellness. Employers who give opportunities to promote overall well-being will earn the loyalty of employees.
Simple initiatives such as fitness programs, health screenings, and wellness lectures educate employees on a healthy lifestyle. Administering marijuana drug tests are also helpful in inspiring a sense of responsibility in employees. In states where marijuana can be used legally for recreation or medicine, these tests remind employees to avoid toxic levels of tetrahydrocannabinol (THC).
The investments that a company makes on health and wellness programs create generous returns. When employees show up to work in a healthy physical and mental state, they are more than eager to contribute to the company goals.
Reward and Recognize
Incentives, whether monetary or nonmonetary, make employees feel that they have done their job. These forms of recognition may be as simple as compliments and thank-you notes or as big as promotions. When employees know that their efforts are being noticed, they become more invested in their jobs and passionate to help the company grow.
Final Thoughts
The employees are a company’s most important assets. As such, employees should be shown how much they are valued. Employees need to know the direction, purpose, and role of their employment in relation to the company’s mission and vision. They get their fulfillment when they know they are appreciated and that their potentials are harnessed.