Finding quality staff is a time consuming and expensive process. The process can become even more expensive if a new-hire leaves soon after joining. With the average cost of a new staff member approximately $3000, business don't want to lose staff.
That's why employee retention is so important. Keeping staff will lower costs and improve your business productivity. foundU offers five key tips to retaining staff.
1) Track Retention - You make think you are looking after staff and keeping them in the business but sometimes perception does not meet reality. If you are part of large company it can be hard to track who has quit and where. The other important aspect of retention tracking is finding out how you compare to other companies and industries. You might not measure up as well as you think.
2) Employ Quality Managers - The popular saying that employees quit their managers and not their job is true. A poll of a million American workers found that the number one reason staff quit is because of a bad boss. Be the good boss or employ quality managers and see retention rise.
3) Offer Advancement - Staff want to feel that their job and career can progress. They don't want to feel that they will be stuck in one position for the rest of their employment. Offer clear pathways for progression, it doesn't have to be much but goes a long way in retaining staff.
4) Workplace Flexibility - Employees actually have a legal right to work flexibility in Australia. Employers can only refuse on reasonable business grounds and this can be hard to prove. Offering work flexibility to staff members can improve productivity and help an employee enjoy their work more. This in turn lifts retention.
5) Challenge Staff - Have clear goals for your employees. Give them new challenges and targets to work toward. This way they feel they have purpose and are being looked after by management. Staff are also less likely to leave if they have their own projects and goals.
But ...
Staff retention takes time and money. There is an alternative, employing casual on-call staff that work when and where you need them. foundU offers this with hundreds of quality tradesman and labourers on our books. We can have staff at your site and working in less than 24-hours.
Keep the quality staff but use foundU next time you need temporary staff on-site. If you find a candidate you like, you can also request them on your next project. Save yourself $3000 and use foundU.
Get a Job. Find Staff. Join foundU.
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