The most valuable assets of any company walk out the door at the end of the day. Ensuring that those assets return the next day is the obligation of all managers. ~ www.jaywren.com
Reduce Turnover with These Powerful Steps.
With these steps, you will reduce turnover and increase the value of your employees.
Match Jobs with Job Skills.
Matching skills and tasks increases employee self-esteem and job satisfaction. Furthermore, matching skills with tasks increases the success of the company.
Make Leadership Available.
Regular feedback helps employees adjust and focus. People who feel support from leadership have more confidence. Additionally, the presence of supportive leadership increases the bond between leaders and team members.
Resolve Problems Quickly.
Quickly resolving problems reduces stress. Furthermore, it accelerates the progress of the work.
On the other hand, letting problems drift along reduces the progress of the team’s work.
Set Clear Goals and Deadlines.
Employees must know the goal of the project. Knowing what they are trying to do allows employees to solve problems effectively. Furthermore, it reduces stress from uncertainty.
Before the project starts, set milestones. These milestones keep teams on track with a sequence of deadlines. Setting milestones ends procrastination.
When goals and deadlines are clear, employees become more engaged in their work.
Train and Retrain.
Encouraging employees to complete scheduled training increases their value to the company.
Additionally, reviewing skills development increases a sense of value to the company.
People who grow in skills in a world of evolving technologies carry the company through changes over the long-term.
Never make promises. Don’t promise pay raises or promotions. Things change. Pay raises and promotions don’t always happen as scheduled.
However, make commitments you can keep. If you schedule time to meet with employees, keep that commitment. Additionally, if you make a commitment to support an employee, keep that commitment.
Show Employees That You Value Them.
Make employees know that you value them. Show value for their time. Express your interest in their health and their family.
Feeling valued increases loyalty.