The rate at which employees come and leave your corporation can make or break your business. Companies which enjoy high rates of employee retention often have exemplary performance in the market, while those with low retention rates exhibit average or poor performance. Employee turnover is usually affected from both sides of the company, that is, when employees decide to leave and when employers choose to release employees.
In many companies where there is high retention of employees, there are two elements that are usually in play. Employees typically feel satisfied and happy, and the way they think and talk about their company attracts recruits who are of great talents. Happy employees perform well and do not feel the need to leave a company, and the company, in turn, feels impressed with their employees’ performance and capabilities they do not see why they should easily let them go. Hence, employee retention and quality talent can be traced back to an excellent integrated corporate wellbeing program.
Some of the common reasons why employees leave corporations include; feeling unappreciated, lack of growth opportunities, lack of competition, issues with their superiors, feeling overwhelmed by work, etc. When a company truly cares about their employees, they not only look into their overall wellness, but also their career development. They create an environment which keeps employees engaged, stimulates competition among them, and they reward their efforts with various kinds of benefits, which may include treats, promotions, and so on. Note that, employees who perform well are assets to the companies they work for and they should be treated with equal value.
To increase employee retention, an employer can do three things. One, more than anything else, remunerate their staff reasonably and timely for salary is a fundamental element in their partnership. Two, listen to their employees’ personal development plans and help them achieve. This entails periodically evaluating their performance to polish their skills and providing them with training programs which they can use to build their careers. By doing this, an employee is inclined to feel that you are adding value to their life and by leaving, they will lose something important.
Three, help employees find the balance between work and healthy living. Sometimes, many people are not able to strike a balance in their life. It could be because they do not have time to cultivate healthy living habits such as healthy eating, exercise, and meditation or they do not have enough money to make the arrangements anyway. Examples of things that employers can do to give employees a push to stay healthy are; providing gym facilities at work or paying for their employee’s gym membership in full or partly, incorporating yoga classes in their program, providing healthy meals at the cafeteria, initiating fun activities at work that can include wellbeing challenges, and so on.
In fact, organizing for yoga at work is one of the simple things employers can do to impact an employee’s life significantly. Yoga helps to prevent long-term back pain and stress-related issues, both of which affect productivity by increasing energy levels in employees and reducing sick leaves. Since consistency is key, a weekly session can go a long way to improving both the lives of employees and the results that an employer receives in return. All the above approaches can create positive thoughts between employees and employers, enhancing their continued support for each other.