Your company can’t function without the right employees. In today’s labor market, employees with great talent and experience are hard to come by and you don’t want to risk losing them. Here are a few ways every organization can improve its employee retention rate.
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How to Improve Employee Retention Rate
These days, employers are looking for better ways to improve employee retention rate and reduce employee turnover rate. Consider these proven methods:
1. Provide Positive Feedback
Often enough, good work can go unnoticed. As with many companies, the work that does get noticed is the mistakes that get made and obviously, these issues need to be addressed. However, only focusing on these issues can lead to a hostile, unhealthy work environment. Employees, at a certain point, may start to feel underappreciated if their work is only commented on when they made a mistake or did something wrong.
Providing positive feedback to your employees for the work they do will make them feel more appreciated and valued. It encourages workers to take on more challenges in order to receive recognition again and again.
2. Listen to What Your Employees are Saying
Let your employees know that you are open to feedback. It’s not always clear if an employee is unhappy, so it’s worth taking the time to have an informal one-to-one conversation. You may be able to help them; you can suggest a better way of working or delegate some of their duties to take the strain off them.
3. Promote Employee Wellbeing
Promoting employee well-being is vital to supporting employees’ mental and physical health. Today, mental health has been a huge problem in the United States, especially in the workplace.
Promoting mental health can be done through stress management exercises that don’t necessarily have to be complicated or expensive. For example, you could offer weekly effective team-building exercises that help colleagues to socialize and connect with one another (another form of employee retention).
4. Provide an OnSite Health Nurse at the Workplace
One retention strategy that is often overlooked is providing on-site nurses in the workplace. Let’s say you are hiring a potential employee. They applied to your company and another company that is similar to yours. Both companies have relatively the same amount of labor, the pay is about the same, the commute is short, and they provide similar benefits like 401(k). However, if your company provides an on-site nurse or on-site clinic, your company may have that extra bit of leverage needed to land talented, skilled employees, here’s why.
Employees don’t want to have to seek medical attention or worry about asking questions about their health on their personal days off. Employees will know that they have access to a health professional right then and there when they need it. They can ask questions concerning their health, assess any injuries or illnesses they have, and not have to leave work in order to evaluate their concerns. Not only does providing an on-site clinic or an on-site nurse increase productivity, but it’s also a benefit that helps you stand out as a company that truly cares for its employees’ health.
Good, reliable employees can be had to come by. Implementing these strategies can improve your employee retention rate. At OnSite Health, we provide customized health care and nursing services to all businesses in all major industries nationally. Not only does having an on-site nurse help with employee retention rate, but it can also increase productivity and improve employee health. To learn more about OnSite Health’s on-site clinics and nursing services, contact our team today!