Employees are human, and they will only continue to stay in situations where they are able to thrive. On the other hand, if there are unresolved issues that impede their abilities to thrive, they may consider leaving. This theory is probably why many employees are choosing to resign, causing a spike in talent attrition and leading to gaps in the organisational structure of several industries.
But theories aside, why are these employees actually leaving? To get a fair answer to this question would require asking individual employees why they want to leave. However, most of their reasons may derive from inadequate salary and benefits; an unhealthy work environment; and the inability to achieve their goals. Yet, it is crucial for organizations to take actions that reduce the rate at which employees leave while ensuring a conducive environment for existing and new talents to thrive.
Below are a few tips on how to achieve that:
Review employee salary
Due to the economic state, reviewing your employees’ salaries has to be first on this list. Stagnant salaries or wages are unacceptable to so many right now. With the ever-rising cost of living, it is only right that the earnings of individuals increase too. If they are not being paid enough, they begin to think about leaving.
In cases where you cannot provide an outright increase in salaries, you can introduce other forms of compensation like bonuses into the mix. It would act not only as a measure to retain your employees but also as an incentive to keep them working at their best.
Maintain a healthy work culture
Work culture refers to the sum of all your organisation’s beliefs, values, interactions and behaviour. You need to always remember that great work culture makes for a healthy work environment.
And this is where fairness plays out. What is your organisation’s stance on pay equity? How do you approach social issues and protect your employees from being exploited? The answers to these questions effectively define your organisation and what it stands for.
A genuine healthy work culture requires understanding the diverse makeup of employees and subsequently endears the company to its workers.
Promote gender equity
A substantial amount of employees leaving their jobs are women. And this is largely due to the unfairness that exists toward women in many workplaces in Nigeria.
Making sure that your workplace is a healthy and safe space for women is a great strategy that works towards retaining your female employees. This further serves as a beacon to prospective talents who are seeking a place where everyone is treated equally without discrimination of any kind.
Retrain your employees
One way to keep them is by teaching them. Organising training for your employees is important, especially in today’s world where technology is constantly advancing and changing the ways we work. Make it a priority to invest in your employees’ professional development. That is a great way to keep them around and interested.
Appreciate your employees
As mentioned above, employees are human; always remember that. Imbibing that sentiment will go a long way to assist your organisation. Your gratitude goes a long way in showing your employees that you actually see the work they are doing and you care. Ensure that you constantly recognize, reward and validate the efforts of your employees.
Ultimately, hiring right is one of the ways to increase employee retention. When you hire an individual whose qualifications and passions absolutely fit a role; you can be sure to retain that person for as long as mutual interests between them and your organisation align.
In most cases, it is often rigorous to go through the intricacies of hiring, especially with other tasks to be completed. This is why you should look to competent consulting companies like Klinsheet. Klinsheet consulting offer digital solutions to assist your hiring process and ensure that your company hiring process ends with talents that fit organizational goals. We are available to advise you on how to hire the right kind of people for your organisation, and you can contact us by visiting our website here.