Workforce Retention Tips for Your Business
The Great Resignation has reached unprecedented levels: 4.3 million Americans quit their jobs in July 2022, the 13th straight month that quits exceeded 4 million, according to the Bureau of Labor Statistics. With millions of businesses all staffing at the same time, the competition for attract and retain top workers continues to grow. Here are three important ways that you can ensure your business succeeds in its workforce retention efforts:
- Emphasize training and development
- Establish mentorship programs
- Offer rewards and recognition
Emphasize training and development
Workers rank professional development and training opportunities highly among their list of criteria for evaluating prospective employers, according to the results of a survey by The Harris Poll for the American Staffing Association. There’s no perfect fit for any one role on your team. But more often than not, your staff will have the ability to learn and adapt with the right support, whether that’s training on new technology or updated systems.
In order to ensure optimal performance, you can help your staff identify areas for professional growth, including opportunities to learn new skills. When you emphasize upskilling efforts, your staff learns valuable skills and abilities that set them up for long-term success.
Establish mentorship programs to build connections
More than 9 in 10 workers (91%) who have a mentor are satisfied with their jobs, according to a recent CNBC survey. Matching new team members with more experienced members of your workforce is a great way to support your onboarding process. Mentors can welcome them to your company and serve as a guide during their crucial first few weeks. Meanwhile, new team members learn from your more experienced employees while also offering their own fresh perspective. Your staff retention as well as your team’s overall job satisfaction can benefit greatly from these partnerships.
Create a recognition and rewards program
The No. 1 reason employees leave a job is because of a lack of recognition, according to research from Gallup. So, it’s important to thank your staff for their efforts on a regular basis. And if possible, set up a rewards system that encourages ideas and considers all contributions. Staff recognition can lead to increased satisfaction and loyalty. Remember: Awards and incentives don’t have to cost a lot. What matters is that your staff feels appreciate for their efforts.
How to retain your best workers with STAFFING FROM PeopleReady
What if there was a way to attract and retain your best workers and avoid turnover? As experts in the temp staffing industry, PeopleReady offers temporary staffing services to give you the tools you need to solve your biggest staffing challenges. We maintain a large nationwide roster of candidates with a variety of skills and experience that meet your specific business needs. The right fit ensures job satisfaction and mitigates the risks of turnover.
With PeopleReady staffing solutions, you business can also get access to workers 24/7 through our app, JobStack. JobStack also lets you:
- Search for skills you’re looking for and find active candidates that match your criteria.
- Review candidates who live within close proximity to the job site.
- Request temp workers who have done well in the past to return for future projects.
