No matter the scale or industry your business operates in, employee retention is certainly something worth looking into. According to statistics, 80% of employees worldwide are actively looking for new employment while performing their daily duties.
DOWNLOAD: Disruptive Tech Transformations: Human Resources and the Digital Journey
The reasons for this happening are numerous, but they mostly fall down to a lack of mutual understanding and professional development received from the company. With that in mind, let’s take a look at several ways in which new technological trends can help you hire and retain a quality workforce.
Benefits of Employee Retention
- Higher Productivity
One of the best reasons to maintain high retention rates is for the sake of overall productivity. Your HR department and subsequent teams and sectors will lose a lot of time getting new candidates up to speed. In the case of retention, this time can be spent on actual productivity and contribute to a more interconnected work environment.
- Positive Word of Mouth
Every industry functions as a competitive market full of businesses and networking. Steven Summer, HR specialist at Resumes Centre spoke recently: “Word of mouth is still one of the most important parts of corporate advertisement.” Employee retention can attribute to a much more favorable, representative word of mouth about your internal culture and work conditions.
- Leadership Development
Lastly, your long-term employees can easily be transitioned into leadership and managerial roles across your company. This is nigh impossible when it comes to new additions to your roster, not due to a lack of skill, but a lack of mutual trust and work experience. Investing in future leaders of your company is one of the best reasons to focus your attention on retention rather than the typical turnover of your staff members.
- Social Media Communication
When it comes to hiring new talent, social media platforms such as Facebook, Twitter, and Instagram are more than favorable. Millennials and graduates are used to keeping their smartphone devices close by at all times.
You can make this fact work for you by focusing your HR’s resources on social media promotion and content creation. Platforms and tools such as Grammarly, Flashessay.com, Hemingway, and Evernote can help you craft high-quality recruitment ads for your job positions. Social media channels can also be utilized for internal communication, coworker collaboration and teambuilding across the company.
- Remote Work Conditions
In terms of remote collaboration, people are much more likely to renew their contracts if they are allowed to modify their work hours and conditions. According to data, highly engaged employees are 87% less likely to leave a company once they are satisfied with their overall workflow.
James Turner, chief of the HR department at Essay Supply shared recently: “I find platforms such as Asana and Trello to be game changers in today’s digital industry. We’ve managed to fully transform our internal operations and project workflow thanks to remote work platforms like these.” Organize your staff into teams which will be able to collaborate remotely and the overall performance and motivation of your staff should improve drastically over time.
- E-Learning Professional Development
One of the most important aspects of enticing employees to remain onboard with your company is to provide them with development opportunities. According to research, 21% of failed employments end because of a general lack of career development provided by the employer.
When it comes to a technological breakthrough in this regard, you can opt for e-learning options for your employees. Platforms such as Lynda and Udemy offer a plethora of courses in different industries and niches. Allow your employees to develop their skillsets in whatever form you can afford in order to retain them on your roster.
- Stress Relief and Interconnection
Lastly, your employees need to feel connected with your company’s mission, values, and culture in order to stay onboard. To do this, you need to organize as many team activities and stress relief opportunities as possible.
Vanessa Milton, HR assistant at Online Writers Rating explained: “I find meditation and office-wide lunch breaks very motivating. In terms of individual stress relief, I always suggest platforms such as HeadSpace to organizations I work with.” The more motivated and positive your employees are, the more likely they are to seek leadership opportunities within your company.
In Summation
The more technological, cloud-based and digital trends you include in your work environment, the more people will be enticed to remain employed. Keep in mind that the best way to cultivate a positive and proactive work environment is to listen to what your employees are saying.
Give everyone a voice and use a bottom-up methodology of feedback at least once a month. That way, everyone will be equally engaged and actively look for ways to improve their work environment.
Image courtesy: Pexels