Simple Ways to Drive Up Employee Retention

Want to know the secret to employee retention?

Almost all the current research says employers need to:

• Give employees meaningful feedback on a regular basis.
• Be clear about goals and expectations, and help employees see how their work matters to the organization.
• Reward, recognize and appreciate their employees in a fair and consistent way.
• Give employee opportunities for development.

While these requirements are true for all employees, they are even more critical for Gen X and Gen Y employees.

But think about it yourself…

• Don’t you want to feel like you’re making a meaningful contribution at work, and being valued and recognized for what you do?
• Don’t you want to continually grow and develop as a professional?

While they seem like basic requirements, fulfilling these needs for our employees can be challenging. We recently explored some practical ways you can address them in our reference article: Simple Ways to Drive Up Employee Retention.

Employee retention has become a hot topic because of all the data pointing to a growing talent shortage. But even if we weren’t in the middle of a talent crunch, these practices would make sense. They’re simple ways to get the most out of our employees and practice wise talent management.

Can your company afford to lose valuable employees because they feel a lack of purpose or recognition?