Employee Retention Tips

How Employee Retention Impacts Your Bottom Line

No manager enjoys losing an employee, but if turnover starts to become a problem, it can seriously hurt your bottom line. Generally speaking, it is more cost-effective for companies to create strategic plans to retain their employees. That fact set aside, there are a handful of other ways employee retention impacts your bottom line. Decreases Employee Morale High turnover rates hurt the morale of everyone on the team. Usually, when one employee leaves, everyone else is left picking up the slack until a replacement is found. Employees often have to also take responsibility for training newcomers too. Continuously having new people coming in makes it difficult to build relationships in the workplace. Over time, this will make them less engaged, and they’ll lose motivation. Not to mention, it may make some of your other staff members wonder about what other opportunities are out there. Lowers Productivity Rates Productivity will take a hit when ......

How to Improve Employee Retention When Working Remotely

Today, working remotely is more common than not. The shift into remote workspaces has been a big transition for both employees and employers. Employees have to find new ways to work with their colleagues and employers have to search for ways to keep their employees engaged. Here are a few tips to help improve employee retention when working remotely. Create a Welcome Package for New Employees It is important to provide a warm welcome for new employees when they join your team. When you are working remotely, this can be difficult, especially if you are used to in-person interactions. During their onboarding process, be sure to give them a “face-to-face” welcome. You can do this through a video conference. It is also important to have a new-hire checklist that includes everything they will need to be successful as a remote worker with your company. Take the time to introduce them to other individuals ......