Top 5 Employee Retention Strategies

With the great resignation still being felt, many organisations may not have clear answers on why they are shedding talent and what to do about employee retention. Often, the answer is that your employees have left because they didn't feel valued. So, how can you create a workplace where your employees feel valued? This blog post will discuss the top five strategies for retaining your talent.

1. Create an Inclusive Environment At Work

One of the main reasons employees leaves organisations is that they don't feel included. To create an inclusive environment at work, you need to ensure that everyone feels like they belong and bring their whole self to work. This means creating a workplace where everyone can be themselves and where their voice is heard. One way of achieving this is through leadership training, where setting the example for inclusive behaviour can be outlined, discussed, practised and implemented.

An inclusive environment stems from a diverse organisation that values the differences in its employees. This means having a workforce that reflects the diversity of society and creating an environment where everyone feels comfortable and respected.

2. Offer Flexible Working Arrangements

Another way to make sure your employees feel valued is to offer flexible working arrangements. This could include aspects such as flexible hours, working from home, or job sharing. Flexible working arrangements show that you value your employees' time and recognise that they have a life outside of work.

Offering flexible working arrangements can also help to improve employee productivity and engagement. Studies have shown that employees who have flexible working arrangements are more engaged and more productive. This is particularly evident after the Covid-19 pandemic, with many employees now working from home.

3. Share Responsibility for Wellbeing

Sharing responsibility for wellbeing is another way to show your employees that you value them. This could involve things like providing mental health support, offering fitness classes, or giving employees access to an effective wellness programme.

Sharing responsibility for wellbeing shows that you are committed to supporting your employees' physical and psychological health and helps to create a more positive work culture where employees feel valued.

4. Listen to Your Team Members

Listening to your team members is crucial for retaining talent. This means creating an environment where employees feel comfortable sharing their ideas and concerns. It also means acting on the feedback you receive.

Listening to your team members shows that you value their opinions and are open to change. It also helps to build trust between employees and management. Executive coaching has been shown to be very effective in helping leaders establish guidelines and conditions for what effective communication and listening looks like.

Listening to your team members is also essential for keeping up with the latest trends. This way, you can stay ahead of the competition and keep your employees engaged.

5. Pay Your Team What They're Worth

Finally, you need to make sure you pay your team what they’re worth. This means conducting regular salary reviews and making sure that employees are paid fairly for the work they do.

Paying your team what they're worth shows that you value their contribution to the organisation. It also helps to attract and retain talent as there is no denying that remuneration is another key factor in employee retention.

These are just some of the ways you can create a workplace where your employees feel valued. If you want to retain your talent, you must start implementing these strategies today. At Wellbeing Face, we help business leaders connect with their team members to understand their needs and build an inclusive and diverse culture.