How to retain top employees

Staff RetentionFinding top candidates can be a challenge so when you make a great hire, you’re going to want to do everything you can to keep them for as long as possible. How do you strike the right balance between keeping employees happy and productive and engaged and motivated however? Below we reveal some great ways to retain top talent.

Pay them competitively

If a candidate is good, other companies are going to be happy to pay them generously. It’s important to remain competitive or even the most dedicated staff will soon be looking for better paying opportunities.

Check out industry bodies and online resources such as Payscaleto find out average salaries in your industry for your region. As well as actual salary, there are other ways you can bump up your employees’ income through childcare schemes, season ticket loans and reduced gym membership.

Promote a good work-life balance

If you want a happy, motivated and productive workforce, it’s important to promote a good work-life balance. This can be difficult, especially in jobs that are high-pressured but a great place to start with this is to lead by example and ensure that employees see senior members of staff taking time out, leaving on time and having proper lunch breaks.

If there’s a culture of working long, unpaid hours, make it clear that this is not necessary. Speak to individuals if you notice the same faces remaining at their desks when everyone else has gone home and find out if there’s an issue with their workload or time management skills.

Train and develop your staff

Constantly training and developing your staff not only keeps them motivated and constantly striving to better themselves – it also gives you a highly skilled workforce. If you work in an industry without a clearly defined professional development path, speak to staff and find out what they would like to learn.

Even if there aren’t any professional development courses directly related to your area of business, there is always room to improve and develop your team.

Find out exactly what your employees want

 A recent survey carried out by CV Library has revealed what UK workers consider to be the biggest contributing factors towards workplace happiness.

According to the report, our top career priorities include:

  • A good salary – 58.1%
  • Friendly colleagues – 48.2%
  • Great company culture – 40%
  • Room for progression – 33.5%
  • Learning new skills – 28.2%
  • A nice boss – 22.4%
  • Flexible working opportunities – 13.3%
  • Good location close to home – 11.5%
  • Interesting daily responsibilities – 10.9%
  • Good workplace perks – 10.4%

When it comes to what’s likely to make us leave a role, 27% say a bad salary, no benefits package or a lack of future opportunities, 14% say the work itself and 11% don’t like the location or have concerns about job security.

If you would like help finding top talent, please feel free to contact Choralis Consulting and we will be more than happy to help.

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