Some Actionable employee retention strategies every company must follow

Attrition usually has negative connotations within the corporate world, despite the well-known incontrovertible fact that it's fresh talent that moves an organisation forward. The negativity stems from the very fact that attrition often robs the corporate of its most precious employees.

Here are 8 actionable employee retention strategies to assist you keep your star performers:

1. Hire the right person

This employee retention strategies is so obvious that it’s often overlooked. In their eagerness to fill the open position, companies find yourself hiring the foremost skilled person instead of one who aligns with the company’s core values and culture. When an employee never fit into your organisation to start with, attrition is inevitable.

2. Plan your on boarding strategy

A structured on boarding process won't only clarify what's required from the role, but also help candidates approach the profile with the required behavioral skills. If there are vacant place, the on boarding process should actively equip employees by filling these vacant place.

3. Provide avenues for professional growth

Your most talented employees are going to be highly motivated individuals who place a premium on professional growth and learning. Employee retention strategies should seek to fill this need through educational programs, opportunities for certification or chances to steer projects. When there are not any opportunities to advance, improve or learn anything new, disillusionment and therefore the desire for a steeper learning curve will inevitably set in.

4. Build an inclusive culture

Inclusiveness is quite just a flowery concept for your HR file. Foster a culture where you play up to people’s abilities instead of their disabilities.

5. Bring work-life balance back

Maintaining a work/life balance is easy when you’re a sole employee, right? You are doing work from home and you have no one else to answer to, so it should be easy to switch off.

Unfortunately, that’s not always the case. In fact, many home-based sole employees struggle to have a healthy work/life balance because the lines are more blurred.

6. Inculcate team spirit

A good manager promotes a robust sense of unity and shared goals, charting out growth plans for individual reportees and giving them a way of professional well-being. Invest in leadership programs for your team leads and they’ll invest back to you.

8. Manage change well

Change is inevitable but most companies lose out on valuable employees thanks to poor change management. Over-communicate expected changes, why they’re necessary, and the way it'll impact the way jobs are currently being done. This is even more important during times of restructuring or when employees’ line of reporting is probably going to vary .

Good employee retention techniques begin with understanding attrition. Find out everything you would like to understand about Employee Attrition.