Creating a Solid Employee Retention Plan

By: Multi-Unit Franchisee | 15,881 Reads | 246 Shares

%3Cp%3EIt%27s+challenging+to+locate+and+recruit+great+employees.+But+once+you+have+an+awesome+team+in+place%2C+it%27s+time+to+start+thinking+about+retention.+Turnover+is+not+only+expensive%2C+but+it+also+impacts+productivity+and+employee+satisfaction.%3C%2Fp%3E%0D%0A%3Cp%3EHaving+a+solid+employee+retention+plan+in+place+will+ensure+you+keep+the+rock+star+employees+you+don%27t+want+to+leave.%3C%2Fp%3E%0D%0A%3Cp%3ESnag%2C+one+of+the+largest+and+fastest-growing+platform+for+hourly+work%2C+has+compiled+these+easy+%28and+inexpensive%29+ideas+to+help+retain+your+employees+for+the+long+haul%3A%3C%2Fp%3E%0D%0A%3Ch2%3EIdentify+those+with+growth+potential%3C%2Fh2%3E%0D%0A%3Cp%3EYou+obviously+want+to+keep+your+best+performing+employees+for+the+long+haul.+Think+about+your+top+performers+and+what+you+envision+their+future+to+be+with+the+company.+The+best+managers+not+only+encourage+career+growth%2C+but+actually+give+employees+the+tools+they+need+to+succeed.%3C%2Fp%3E%0D%0A%3Cp%3ETalk+to+those+you+want+to+stick+around+and+see+where+they+see+themselves+headed.+Tell+them+about+your+company%27s+management+and%2For+training+programs.+Have+them+shadow+you+to+get+a+feel+of+where+they+could+take+this+job.+Even+if+there+are+no+immediate+openings%2C+the+employee+will+feel+appreciated+and+work+hard+knowing+that+there+is+a+potential+future+with+the+company.%3C%2Fp%3E%0D%0A%3Ch2%3EProvide+some+small+perks%3C%2Fh2%3E%0D%0A%3Cp%3EIf+you+don%27t+have+a+budget+for+pay+raises%2C+small+gestures+can+also+retain+your+employees.+A+surprise+breakfast%2C+birthday+celebrations%2C+team+outings%2C+and+early+leave+are+all+cost-effective+ways+to+show+employees+that+you+care.+The+more+you+show+that+you+care+about+their+happiness%2C+the+more+likely+they+will+stick+around.%3C%2Fp%3E%0D%0A%3Cp%3EPay+attention+to+any+milestones+your+employees+might+reach+%28ie.%2C+graduating%2C+work+anniversary%2C+personal+achievement%29+and+celebrate+with+your+team.+You%27ll+not+only+encourage+team+bonding%2C+but+you%27ll+show+that+the+company+cares+about+them.%3C%2Fp%3E%0D%0A%3Ch2%3ERecognize+hard+work%3C%2Fh2%3E%0D%0A%3Cp%3EWhen+one+of+your+employees+goes+above+and+beyond+their+job+description%2C+make+a+big+deal+out+of+it.+And+make+it+public.+The+more+your+employees+see+you+recognizing+hard+work%2C+the+more+they+will+try+to+be+recognized.%3C%2Fp%3E%0D%0A%3Cp%3EGive+shout+outs+at+team+meetings%2C+send+out+emails+or+messages+praising+a+positive+action%2C+have+spot+bonuses+ready+to+go+for+those+who+really+stand+out.+These+small+and+simple+steps+can+really+give+your+employees+a+confidence+boost+and+make+them+want+to+stick+with+your+company.%3C%2Fp%3E%0D%0A%3Ch2%3EHave+regular+check-ins%3C%2Fh2%3E%0D%0A%3Cp%3EIt+might+sound+tedious%2C+but+setting+up+regular+meetings+with+your+employees+can+really+make+a+big+difference+in+their+work+satisfaction.+Everyone+likes+to+feel+like+they+are+being+heard+and+knowing+that+they+have+a+regular+chat+with+the+boss+will+make+your+employees+feel+empowered.%3C%2Fp%3E%0D%0A%3Cp%3EThis+can+be+as+involved+as+a+formal+weekly%2Fbiweekly%2Fmonthly+meeting+or+as+simple+as+remembering+to+pull+them+aside+every+once+and+awhile+to+make+sure+they+are+happy.%3C%2Fp%3E%0D%0A%3Ch2%3EMake+culture+a+priority%3C%2Fh2%3E%0D%0A%3Cp%3EAccording+to+our+surveys%2C+job+seekers+absolutely+care+about+culture+when+it+comes+to+applying+to%2C+accepting%2C+and+working+at+a+job.+If+you%27ve+never+really+thought+about+your+work+atmosphere+before%2C+now+is+the+time+to+start.+Having+a+solid%2C+positive+culture+plan+in+place+will+decrease+the+chances+that+some+of+your+top+performing+employees+are+looking+for+other+positions.%3C%2Fp%3E%0D%0A%3Cp%3ENot+sure+where+to+start%3F+Ask+your+employees+what+changes+can+be+made+to+make+the+environment+better.+This+will+not+only+help+you+give+them+what+they+desire%2C+but+they+will+also+appreciate+you+taking+the+time+to+better+understand+their+needs.%3C%2Fp%3E%0D%0A%3Cp%3EThese+employee+retention+ideas+are+just+a+start+to+a+larger+employee+retention+strategy.+Think+back+to+your+favorite+boss+and+what+they+did+to+make+you+feel+appreciated+for+even+more+inspiration.%3C%2Fp%3E

Published: September 5th, 2018