Employment Law Tip: 10 Strategies to Limit Turnover

If employee turnover rates at your
organization are high, it’s probably time to focus on what you can do
to increase employee retention. Why? Frequent turnover can have a host
of negative consequences for your company, including lost productivity,
costs associated with hiring a new employee, the cost of temporary
employees or overtime to cover the workload of the person who left the
company, and training. What’s more, high turnover can mean the loss of
valuable skills, experience, and customer relationships.

Employee Orientation: How To Energize, Integrate, and Retain Your Newest Hires

Get new employees off on the right foot with a well-designed orientation program that will help you boost morale and reduce turnover. Download our free White Paper, Employee Orientation: How To Energize, Integrate, and Retain Your Newest Hires, today.

So what can an employer do to increase retention? Here are some strategies.

1. Describe the job accurately to applicants and make sure you hire job candidates who can best meet the job’s requirements.
2. Challenge employees in their jobs.
3. Provide appropriate training and mentoring so workers aren’t over-matched for the work they’re hired to perform.
4. Recognize exceptional employee performance.
5. Have career paths, an important key to retaining talented and ambitious workers.
6. Promote from within.
7. Provide top-notch supervision.
8. Make sure the lines of communication are open between the employer and employees.
9. Offer
   a range of traditional benefits and innovative benefits (such as
   flexible hours, telecommuting, daycare benefits, and financial guidance
   programs).
10. Pay your workers well.