A bugbear for most companies is managing their employee turnover. After all, it costs a huge amount of money to recruit, hire and train a brand new employee, especially when the same employee will be leaving within six months.
With a high turnover, it could negatively impact your company and therefore, damage your future intake of employees.
At Pytronot Solutions, we’re dedicated to helping business reduce their employee turnover and so our experts have listed their top tips for reducing your turnover.
Hiring the Right People to Begin With
While it may sound easier said than done, you’re better off waiting for the right person to come along for the job rather than hire someone as a filler for the role. You will only end up being back in this situation when the replacement inevitably leaves. We recommend you interview and vet candidates carefully to ensure they have the right skills as well as fitting with your company’s culture, managers and co-workers.
Keep Current Employees Happy
Once your employees are in place people often think the hard work is done – but it’s not! To keep your current employees happy, make sure you are regularly speaking with them to ensure they are still content at work and allow them to voice their opinions.
Spot Flight Risks
It can be difficult but spotting any flight risks is important to make sure your employees stay happy. There are a number of methods that you can use including, individual KPIs and attendance records to identify any unusual behaviour. However, it is more important to listen to your employees and detect the flight risk.
Terminate When Necessary
Firing employees when necessary may actually help you to reduce your employee turnover. Unfortunately, people who do not fit with the culture, who are unsatisfied at work or who are unable to perform at work will spread these views across the workplace and could cause more people to walk out than expected. Make sure you identify who these employees are and react accordingly in order to help the atmosphere of your workplace and reduce turnover.
Are you struggling to reduce your turnover this year? Get in touch with the experts at Pytronot Solutions on 0203 763 8666 for more information about how we can help.