Insight Performance

HR. Solved.

MINIMIZE RISK. REDUCE COSTS. INCREASE PROFITABILITY. That’s HR.Solved.SM
  • Home
  • About
    • Meet our Expert Team of HR & Benefits Specialists
    • Why Choose Insight for Your HR & Benefits Solutions
    • In The News
      • Awards
      • Press Releases
    • Career Opportunities
  • HR Services
    • HR. Solved.SM Subscription Service
    • Managed HR Consulting
    • HR & Employee Benefits Projects
      • Compliance
      • Compensation & Rewards Strategies
      • Employee Relations
      • Talent Management
      • Recruiting
  • Benefits Services
    • Employee Benefits
      • Benefits
      • Benchmarking
      • HRA/HSA/FSA Comparison
      • Open Enrollment Communication and Education
      • Wellness Programs
    • Group Products
      • Health
      • Dental and Vision
      • Life and AD&D
      • Disability
      • Voluntary Worksite Benefits
    • Executive Benefits
      • Supplemental Disability
      • Key Person Insurance
      • Buy/Sell Agreements
    • Health & Welfare Compliance
      • HIPAA Compliance
      • ERISA Compliance
      • Affordable Care Act
      • Required Employee Notices
      • 2017 HR & Benefits Compliance Checklist
  • Integrated Solutions
    • Engage Insight Performance
  • Resources
    • Blog
    • Podcasts
    • Events
      • Conference Series
      • Conference Series Videos
      • 2019 Webinar Schedule
      • Archived Webinars
        • 2018 Webinar Recordings
        • Human Resources Webinar Schedule – 2017
    • Infographics
  • Contact
  • Client Login

Employee Retention – Tips of the Trade

April 22, 2013

Guest Blogger – Paula Barrett,    Sr. HR Business Partner

A company’s strength comes from their employees.  They service the customers, they build the products, and they create the business.  Retaining happy employees is not only good for employee morale, but also good for business and the company’s success.

Recruiting, hiring and training new employees is costly and time consuming for companies.  Typically it takes a good six months to get a new employee up and running.  After investing all that time and money into a new hire, it makes sense to do what you can to retain them.  In the same vain, established high performing employees are the crux of your business.  They’ve got history and knowledge that is instrumental to success.  Loss of employees directly affects the bottom, so it’s prudent to do what you can to retain key talent.

Here are some tips that will help create an environment that employees want to work in:

Be visible and accessible to your employees:

  • Make sure your employees know how to reach out to management and feel comfortable talking about issues.

  • Walk the talk.  Don’t just say you have an “open door policy,” it’s too cliché.  You need to create opportunities for all employees to access and express ideas and concerns to management.

Talk to your employees: 

  • Ask employees their opinion on how to improve the company.  Once you ask for opinions, be ready to deliver on their suggestions or provide feedback as to why you can’t.  There’s nothing more frustrating to an employee than being asked for their opinion and then having it completely disregarded.

Recognize a job well done:

  • Employees like to feel appreciated even if it’s just through small gestures.  A simple “thank you” from management can go a long way to making an employee feel valued.  If you’re able to do more, such as gift cards or a rewards and recognition program, even better.

Give constructive feedback:

  • Provide employees with feedback on how they can improve their performance and advance in the company.  Feedback can be a formal annual review or information feedback, but be sure to give it.

Communication is key to creating an engaging and respectful environment for all employees.  Respected employees feel valued and valued employees stay.  

Print Friendly, PDF & Email
Share

Insight Performance Engage Center

Insight’s Educational Conference Series

Interested in attending Insight’s Educational Conference Series?

Tags

401k Plans candidate career development compensated breaks Compensation Compliance cost efficient Employee Benefits employee communication employee feedback employee handbook employee incentive plan employee morale employee orientation Employee Policies Employee Practices employee productivity employee recognition employee retention employee rewards employee wellness employ rewards & recognition goal setting HR Consulting HR metrics HR Policies HR Strategy interviewing manager training maternity leave new hire orientation nursing mothers Performance Management policies & procedures recruiting Retirement Plans seminar sexual harassment sick leave Social Media State Minimum Wage teambuilding training & development work life balance workplace safety

Insight Performance

150 Royall Street, Suite 207
Canton, MA 02021

152 Conant Street, 2nd Floor
Beverly, MA 01915

HR Solved

Monthly HR Subscription Service ensuring compliance and building exceptional workplaces.

HR Solved

Business and Human Resources 2017 Outlook Survey

Business and Human Resources 2017 Outlook Survey

Insight’s Educational Conference Series

Interested in attending Insight’s Educational Conference Series?

Our Most Recent Posts

August 2019 Newsletter | MA Paid Leave: Private Exemptions are a Real Option

August Client Alert | New York State Updates to Harassment and Discrimination Law

Top 10 Tips for a Great Internship

Search This Website

Find Us On

Visit Us On TwitterVisit Us On FacebookVisit Us On Linkedin

Sign Up for Our Newsletter

Copyright © 2021 · Insight Performance · Privacy Policy