No matter how big or small your organisation is, hiring new employees takes time, effort and resources. There’s the upfront expense of recruiting and training – plus, the longer-term cost of lost productivity as your newest team member learns the ropes and settles into their role.
While it’s natural for people to come and go, a high staff turnover is not only bad for your bottom line, it’s also bad for morale. But the good news is, there are some simple steps you can take to keep your team happy and encourage them to stay put.
Here are some simple tips to help you retain your staff and avoid high turnover.
1) Be Realistic with Workloads
While fluctuations in workloads during peak periods or large projects often comes with the territory, if your staff feel overwhelmed on a daily basis it’s unhealthy. Distribute workloads evenly across your team and be active in encouraging work-life balance to avoid burnout.
Keep an open line of communication with employees and encourage them to keep you informed so any overload issues can be resolved sooner rather than later. If there is a widespread sense that there are not enough hours in the day to get things done, it could be time to hire new permanent or temporary staff to ease the pressure.
2) Build A Healthy Company Culture
It’s no secret that your company culture has a big impact on the happiness levels of your team. Working in a positive environment where you feel valued and everyone is on the same page is motivating and makes you feel good about coming to work each day.
On the flipside, when an organisation’s culture is poor it has the opposite effect and can be a key reason why people seek opportunities elsewhere. If you’re not 100% happy with the state of your culture, identify where the issues lie and take immediate action to turn it around.
3) Provide Career Development for All
When you offer your staff opportunities to develop within their role, rather than just turn up and do their job, it adds a whole new level of meaning. It shows that you value them and want them to be with the company long-term, plus, upskilling your team also adds value to your organisation.
Limited opportunity for career development is a common reason for staff moving on, so make it a focus. Include regular additional training, professional development and promotional pathways to keep motivation and job satisfaction high.
Limited career development is a common reason for high staff turnover
4) Pay Your Staff What They Are Worth
While culture, development and work-life balance are key factors in employee happiness, it can be easily undone if you’re not offering a competitive salary. If your employees feel they are under-payed, they’ll also feel under-valued and will likely start looking for a position that is more financially rewarding.
Remember, hiring new employees can be an expensive exercise. If your turnover rate is high, any money you save paying lower wages can quickly be blown on recruiting and training new staff. If your company is not in a position to offer a pay increase, explore other ways to reward your employees, such as free lunches or other perks to ensure they feel valued.
5) Treat People Fairly and With Respect
Sadly, many good employees leave jobs they enjoy because they are treated poorly by others, especially their boss. If there’s an unusually high turnover rate in a department, it can often come down to problems with a manager or other individual on the team.
To avoid this, be diligent in your recruitment to make sure you hire the right people. Provide your managers with additional training to help them to support their team. And importantly, keep the lines of communication open with employees at all levels, so you can pick up on issues and resolve them before they become large problems.
Bottom Line on Avoiding High Staff Turnover
Replacing staff is time-consuming and costly – and when it’s happening often, it can significantly reduce productivity and affect morale.
Avoiding high staff turnover can be as simple as creating a healthy and happy work environment. When your employees have opportunities to grow, enjoy a good work-life balance and are financially rewarded for their efforts, they’ll feel valued and will want to stick around.
Whether you’re an organisation looking to hire the right people to avoid high turnover or a candidate seeking a position at company that offers great conditions, our team of recruitment specialists can help you find the right fit, contact us today!
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