When you have an excellent workforce who are actively engaged in the progression of your company, then great things can happen. However, retaining employees can feel like a real challenge, and finding the correct formula to ensure loyalty might seem impossible. There are some ways in which you can seek to retain your best employees, though – and here we will look at four top tips to help you achieve this.
1. Offer competitive salaries
Many employees will seek greener pastures with better pay, so check the market to see if your salaries are competitive, especially for your high-performing staff members. This provides extra motivation to stay for them, but will also drive other employees to achieve with you.
2. Provide flexible working
While not every employee will be able to, or even want to, work from home, it is important to give them the option. Flexible working can provide a morale boost and show that you trust your employees regardless of their location. Since remote or hybrid working is becoming normal for many companies, this can help you stay competitive.
3. Create excellent onboarding
Employee support should begin from the moment they begin working for you. You should have a well-thought-out onboarding process, including any training and development opportunities they need, and give them the right network so they feel comfortable asking questions. Checking in with your employees regularly can help to assess how your onboarding process works, and you should be prepared to address issues and remedy them as best you can. Having this good first impression will give your employees a sense of individualised care and attention.
4. Add extra incentives
Not all strategies to retain employees have to be serious – you can offer your employees extra benefits and fun add-ons that make their experience better overall. Flexible working hours or hybrid working can give employees a better work/life balance, and knowing that they have a good pension and access to their other employee benefits can help them to see the value in staying with your company. More light-hearted extras like dress-down Fridays and social events can also boost employee satisfaction and engagement.
Putting these tips into place can support you in retaining key employees and making sure your company thrives with the best people behind it. If you want to spend your time focusing on your employees rather than the minutiae of your business, then our UK payroll services can help. Our payroll services in the UK will take this tricky task off your hands and give you more time to build employee engagement – and advance your business.