The success of a business is down to three main things: innovation, demand and employees. You can have the most innovative idea and endless demand for your product/service, but if you don’t have the team to put the wheels in motion and make things happen, your business won’t succeed. Furthermore, a team who aren’t passionate, dedicated and exceptional at their job won’t help your company in the slightest, making it all the more important to not only hire the right people, but to treat them in such a way that they won’t want to leave.
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If you’re looking for ways to reduce your staff turnover and support your employees in a way that enhances their performance, encourages them to stay and betters their lives, here are four simple ways to do it.
If you’re not offering your employees healthcare benefits and insurance, you can’t be surprised if you struggle to keep a decent team. It’s thought that a comprehensive healthcare package is a key deciding factor for 56% of Americans when they look at changing jobs. Health insurance is expensive and is a big worry for everyday Americans trying to make ends meet, and for that reason, providing your staff with critical illness insurance coverage benefits is a good way to put their minds at ease and show them that you care about their wellbeing. Dental care, GP appointments, additional family plans, coverage for pre-existing medical conditions and mental health support are all basic things your employees will appreciate, and it’s a great way to support those who support your business from the inside.
A key part to supporting your staff and retaining their loyalty to your business is to give them the opportunity to advance to a better role. Supporting your employees’ careers is a great way to show them that you genuinely care about them and their ambitions, and a good way you can help them better themselves is to give them the chance to undergo more training. Putting them on courses that can enhance their CV shows them that you genuinely care about the value you’re adding to their life through the employment you’ve offered them.
Giving your employees regular appraisals is meant to be a key part of any employment agreement, but so few businesses actually stick to regular appraisals. It might seem like a chore, but from your employees’ perspectives, it’s an ideal situation to voice any concerns they have and to get advice for any issues they’re facing doing their jobs. This will allow you to identify areas where you might to adjust protocols to better support your staff, and for this reason alone, appraisals are a valuable way to show your employees you care.
You never really know what’s going on in someone’s life, but as an employer, if anything goes wrong in your life, you have the luxury of being able to go and sort it as soon as you need to. For your employees, they don’t have this option which is why as an employer it’s important you remember to afford your staff a bit of flexibility. They might be moving house, have parental commitments or have a family member to care for. Whatever it is, showing your employees that they have a bit of leeway for personal circumstances is vital if you’re going to show them that you support them. You can offer this type of support in many ways, from giving them a specific number of personal days which are not holiday or pay deductible, by hiring a company like WeMa to help them with their familial commitments, or by simply showing them basic compassion.
Implementing at least one of these methods will help you better support your employees, especially during the COVID-19 pandemic where your employees may require more support than normal, and when your business needs loyal staff the most.