Has your business been suffering from a high turnover rate? Recruiting and hiring qualified employees is often a time-consuming and lengthy process, so the last thing a business wants to deal with is a revolving door of employees coming and going. So, what’s the solution? A big part of employee retention is to create the kind of environment that produces happy employees. Here’s a look at five ways you can accomplish this task and be rewarded with happy employees that want to stick around.
Ensure Communication Is Open
The first tip is to create the kind of environment that encourages communication. Staff needs to feel comfortable speaking to supervisors or management when they have concerns, ideas, confusion, and so forth. Not only does communication make employees feel more secure and happy, but it also helps to create a more unified workplace.
Compensate Employees Fairly
Compensation always plays a role in employee happiness, and it’s important to point out that doesn’t just mean their salary. Sure, you need to pay them fairly, but there are other ways to compensate them, too, such as paid holiday time, an impressive employee health benefits package, and paid sick days, to name a few.
Employees Need to Be Paid on Time
Another step you can and should take is to pay employees on time. There needs to be a designated payday that follows a regular schedule that employees can count on. They have their bills, so they need to know they will be paid their full amount on time.
One option employers may want to look into is ACH Credit. But what is ACH Credit, you ask? ACH stands for Automated Clearing House and refers to a network in which bills are automatically paid, and in this case, that can mean paying your employees. As for what ACH credit is, it refers to funds that are “pushed” by the originator (the person who made the request) into a receiving bank account.
Employees should never worry that their pay won’t arrive, that it will be late, or that there won’t be enough funds to cover their full amount.
Give Employees the Tools They Need to Succeed
Providing employees with the tools they need to succeed means less stress and frustration for them, better, more productive results, and happier employees overall. Tools can range from PPE to current tech, to resources, to training. You are setting them up for success.
Embrace Flexible Work Hours
This particular tip may not apply to all types of businesses but, if possible, give employees the option to create a flexible working schedule. As long as they are putting in the necessary hours and getting their work done, it shouldn’t matter if they start a little later and end a little later. Along these same lines is the option to work remotely, which is a massive trend.
For employees to feel happy and satisfied in their job, many factors and steps will need to be considered. These five will act as a smart starting point.