For any organization, a high attrition rate is a sign that either the employees are unhappy or there should be a change in organizational policies. Read here the three tips to keep employees happy.
Employees are not a permanent part of any company. They may move away or retire at some point. But if they are present in your company, their workplace wellbeing and happiness are your responsibility. If they leave a company for any reason, then the managers must understand why this is happening. Every organization wants to have happy employees as it results in productive employees.
Link To Employee Productivity
Employee Attrition and Employee Productivity are linked. Higher attrition can reduce the productivity of employees. It costs money and time. Employee attrition can’t be controlled by organizations, but they can manage it. To maintain employee attrition rates, you should focus on employee happiness. The personal wellbeing of employees will also affect their productivity.
Reasons For High Attrition Rate
A company runs on its employees. If the employees are not content, then they may choose to leave. The high attrition rate is dependent on many factors. These include wrong employee-organization fit, lack of skills, lack of motivation, or remuneration. Employees may want more flexibility than what their current company provides. All these reasons are valid for your employee to leave.
Three Main Ways To Avoid Attrition
There are ways in which you can improve the retention rate in the organization. Maintaining higher employee retention is a huge challenge faced by the HR departments in a company. There are many tips on slowing down the attrition in your company. These tricks can help to ensure loyalty from the best employees in your company.
- Ensure Fair Compensation With Benefits
You should ensure that you pay fair wages to all your employees. Remuneration is the most crucial reward that will help to ensure motivation among employees. It is also vital to offer competitive benefits along with the salary. There are very few companies that make sure raises keep up with the development of the employees.
- Encourage Employee Connection
Having employees who consider each other to be a close-knit group helps. You should encourage social behavior among your employees. If they connect, then they will also appreciate the acts of appreciation. The employees can be healthier and happier in this way. If you encourage employees to show good behavior, then they will also get a sense of owning the company.
- Reward Employees
If you show the employees that they are valued, then they will be motivated to work for your company. You can appreciate them by offering recognition and celebrating their success and effort. You can provide specific or social rewards which will ensure loyalty from your workforce. The rewards can also be in the form of trips or vouchers as well as other forms of compensation.
Building a better workforce
You can choose all the above tips to ensure that the employees do not leave you at critical times. If you get an employee who fits your organization or has been with you for a long time, then it is worth it to retain them. No matter how many new people are willing to join you, it is effective to have people who have been with you for a long time. A good employee fit works well for your culture and allows others to join your company.
Every employee counts and every employee has different needs. Employee happiness is not a one-size-fits-all concept. To truly understand your employees opt for a Joygraphy assessment for your entire workforce. Once you have the Joygraph for your employees you will be able to take better decisions for your workplace wellbeing. Happier employees is directly proportional to lower attrition rate. At Joygraphy we can build custom assessment for your organisation. Get in touch with us to see a sample Joygraph.