April 14, 2023

What Can Employers Do to Keep Their Employees Longer?

Dana Safa Bernardino

Struggling with churn? Burnout? 

Employee retention is one of the biggest challenges faced by companies, large and small alike. High employee turnover is not only costly for businesses, but it can also negatively impact productivity, team morale, and company culture. A company’s ability to retain its employees is directly linked to its success and sustainability. So, what are the keys to keeping employees longer? 

Let’s find out. 

Below is a list of some of the most effective strategies that companies can use to improve employee retention.

5 Keys to Retaining Employees Longer

  1. Offer competitive compensation and benefits

Duh. Compensation and benefits matter. 

One of the most important factors in retaining employees is offering competitive compensation and benefits. In today’s job market, employees have access to a wealth of information about salary ranges and benefits packages, and they are not afraid to shop around for better offers. Companies that want to retain their employees need to be competitive in terms of pay and benefits.

When it comes to compensation, companies should regularly review their salaries and ensure that they are in line with industry standards. It’s also important to offer bonuses, profit-sharing plans, or other incentives to reward high-performing employees.

In terms of benefits, companies should offer a comprehensive package that includes health insurance, retirement plans, and paid time off. Other benefits, such as flexible schedules or remote work options, can also be attractive to employees.

  1. Create a positive company culture

Creating a positive and winning crucial is crucial to the success of a business.  

Company culture is another key factor in employee retention. A positive company culture can help employees feel valued, engaged, and motivated to stay with the company. Companies that invest in creating a positive culture can enjoy higher employee retention rates and improved performance.

To create a positive company culture, companies should focus on fostering open communication, collaboration, and respect. They should also prioritize employee well-being by offering wellness programs, work-life balance initiatives, and mental health support.

Another way to build a positive company culture is to celebrate successes and recognize employee achievements. This can be done through regular employee appreciation events, awards programs, or even just a simple “thank you” for a job well done.

  1. Provide opportunities for growth and development

This is what employees want. 

Employees want to feel like they are growing and developing in their careers. Companies that offer opportunities for growth and development are more likely to retain their employees. This can be done through training and development programs, mentorship opportunities, and career advancement paths.

Companies should regularly assess employee skills and interests and offer training programs that help employees develop new skills or improve existing ones. They should also provide mentorship opportunities that allow employees to learn from experienced professionals and gain valuable insights into their careers.

In addition, companies should have clear career advancement paths that provide employees with a roadmap for their professional growth. This can include opportunities for promotion, lateral moves, or even opportunities to work in different departments or locations.

  1. Offer a positive work-life balance

Work life balance is more important today than ever before. 

Employees today are looking for more than just a job – they want a good work-life balance. Companies that offer a positive work-life balance are more likely to retain their employees.

To offer a positive work-life balance, companies should be flexible in their scheduling and allow for remote work options when possible. They should also encourage employees to take time off when needed and ensure that they are not overworked or overstressed.

Another way to promote work-life balance is to offer wellness programs or other initiatives that promote employee well-being. This can include things like on-site yoga classes, meditation sessions, or even just a quiet room where employees can take a break and recharge.

  1. Foster strong relationships with employees

Are you taking the time to build strong relationships with your people? 

One of the most effective ways to retain employees is to foster strong relationships with them. This can be done by regularly checking in with employees, providing feedback and support, and showing genuine interest in their lives and careers.

Companies should encourage open communication and provide opportunities for employees to voice their concerns or share their ideas. They should also provide regular feedback and support to help employees.

Ready to see how you can use 1Huddle to help reduce churn? Request a demo today! 

About 1Huddle

1Huddle is a coaching and development platform that uses quick-burst mobile games to more quickly and effectively educate, elevate, and energize your workforce — from frontline to full-time.

With a mobile-first approach to preparing the modern worker, a mobile library of 3,000+ quick-burst employee skill games, an on-demand game marketplace that covers 16 unique workforce skill areas, and the option for personalized content, 1Huddle is changing the way organizations think about their training – from a one-time boring onboarding experience to a continuous motivational tool. 

Key clients include Loews Hotels, Novartis, Madison Square Garden, PIMCO, TAO Group, and the United States Air Force. To learn more about 1Huddle and its platform, please visit 1huddle.co.

Dana Safa Bernardino, Manager of Digital Marketing at 1Huddle

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