If you own a business, you know the importance of retaining your current employees. Not only is retraining new employees time consuming, but it zaps company productivity while costing you more money as well. Every single time an employee leaves, you are forced to do this time and time again. However, what if there is a way to prevent employees from leaving? While there are few barriers you can put in the way of a worker leaving of their own accord, not to mention looking for employment with better pay and benefits, there is another way to help retain employees. With the help of improved employee job satisfaction. If employees like their work and are satisfied with what they do, they are more likely to remain inside of the office. But how can you go about doing this? Darius Fisher, the head and cofounder of Status Labs offers up a few suggestions.
As someone who has helped raise a company from the ground up, Darius Fisher understands the importance of having employees on staff who are happy and want to work for you. Once you start to mistreat employees or give them a reason to look elsewhere, they will look elsewhere. By maintaining a major company, Darius Fisher has a better understanding of this.
Benefits and Services
This is a rather simple offering. First, you need to give regular and desirable raises. Typically, an employee leaves a company to a new business because they receive a 10 to 20 percent bump in salary. You need to offer pay increases and stick to these pay increases. Additionally, offer some fun services throughout the work week and year to improve morale as well. This can include you covering lunch on Fridays, scheduling some outings with the workers and recognize birthdays of employees. If at all possible, you might want to think of offering a pet friendly environment as well. Darius Fisher allows pets into his own office to improve morale. Follow Darius on Twitter to keep up with news and events.
When a worker reaches a desirable accomplishment, make sure to recognize them. Whether it is working with the company 10 years, making a big sale or working overtime, it is nice to be recognized. This also can help promote other individuals to want to do the same thing.