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Having Trouble Retaining Employees?

In the recent PWC CEO survey, CEOs from across the world highlighted “talent” as one of their business’ top 2 priorities. Getting the right people into your business and keeping them there will be a key factor in whether or not your business is successful. If you’re struggling to retain key talent, here are a few tips.

Communication is key to any relationship, and employee/employer relationships are no different. Employees need to know what is expected of them when it comes to their workload, and that those expectations match what the employee is capable of doing. Miscommunication can often cause conflict, which might be a factor in employees leaving, so having clear and concise communication with employees is very important in retaining talent.
Work/Life Balance
Modern workers expect to be able to balance their time working with their social and family lives. Some employers can take this to mean that they just want to work less, but that’s not the case. Employees want more flexible working hours so they can get more quality personal time, and allowing people to work from home and come it at different times will help retain your best employees.
Training and Growth
While you are trying to grow your business, employees expect some sort of training or personal growth as well. Providing training not only enables employees to do more tasks at a higher quality level (making them more valuable to the company), it also increases their loyalty to the company. Employees are also a lot more likely to stay if there is a clear path for career progression and growth.
Involving employees in big business decisions and keeping them updated on how the business it going as a whole is a good way to get employees invested in the company and caring about it’s direction. This will not only increase their chances of staying at the company, but also increase their desire to work hard and achieve the company’s goals not just their personal ones.
Social Events
Not every employee will want to spend their free time at work functions, but they can be a great way to reward your employees and make them feel appreciated for their hard work. Work functions can also foster community and friendships in the workplace, helping employees enjoy their time at work rather than dread it.