Even after hiring top talent in your industry, your job does not end. As soon as they agree to your offer of employment, it’s immediately time to start working on employee retention. How you onboard new hires and what your company offers in terms of work/life balance and employee benefits can be a big factor in retention. Use these tips to help ensure that you retain your top talent.
Few things make a new employee more nervous than a confusing or poorly organized onboarding process. In fact, according to Entrepreneur.com, 70% of employees say they will stay at their current job for three years or more if the application and onboarding process is seamless. Onboarding shouldn’t stop once an employee is fully integrated into the working environment, either. Make an effort to meet with new hires every few months to give and receive feedback.
Allow for Flexibility
Today’s employees want to have the ability to be flexible within their jobs. This could translate into telecommuting opportunities, flexible hours, additional vacation time, paid time off, and other ways for employees to take time away from the office. Flexibility is not just a benefit to your employees, but also to your business. When employees are able to take time away from work and recharge, they are often more effective on the job.
Create an Enticing Employee Benefits Package
Employees are looking at benefits as a necessity and deciding factor for a job, now more than ever. Having an enticing benefits package will not only help you bring top talent into your company, but it will also help to keep them there. Without competitive benefits, your most dependable and effective workers may leave your company if another company offers them better benefits – even if they’re taking a pay cut.
Some fringe benefits you should consider, beyond the basics of medical, dental, life and disability insurance, include 401(k) matching, health insurance, dental and vision insurance, wellness programs and vacation time.
Assistance with Professional Development
Top talent employees are often very motivated to further develop their skill set. Consider offering employees opportunities for professional development and perhaps even continuing education. Assisting employees with professional development not only helps the individual, but will benefit the company as your employees become more knowledgeable, educated, and effective on the job.
Don’t fall victim to hiring top talent only to lose them to another company with better benefits, flexibility and opportunities. By utilizing these simple tips, you can keep your best and brightest. Contact Insight Performance today to learn more about retaining your top talent.