Employee engagement is something we talk about quite frequently. The biggest complaint we hear from hiring managers is that their candidates aren’t sticking around and once they eventually hire one, he or she leaves. Satisfying your employees has a direct correlation to reducing turnover.
“70% of employees are disengaged in the workplace,” according to Gallup, a data-driven news provider. In other words, we can expect seven in 10 workers to regularly watch the clock and wait until 5:00pm, check out of their priorities, and hit the road. A recent Forbes article said, “companies with disengaged employees have between 30% and 50% higher turnover than their counterparts. However, engaged employees can improve your company’s bottom line by as much as 19%.”
Most of the time, employees walk in on their first day with high hopes, positive thoughts, and excitement. It’s up to you to keep them feeling that way every, single day.
So, how do you do this? How can you start retaining great employees and re-engaging your team?
Reward Top-Performing Employees
If you’re experiencing turnover in top performers, you might want to re-evaluate your rewards and promotional opportunities. Turnover mostly comes from low-performing or new employees, so when an employee leaves a position in which they are exceeding, it’s likely because they feel undervalued. Offer incentives, bonuses, and room for promotion. You’ll see an increase in motivation and competitive drive.
Be a Leader
Leadership is the key to the success of a team. Without it, new employees have no direction and are basically driving with their eyes closed. One of the most common reasons for departure in workers is a poor
relationship with the manager. Make sure you build a strong connection with your employees. Don’t drive them away – make them want to stay.
Align Talent and Growth
Each company has goals they want to reach by either the end of the week, month, quarter or year. It’s important your employees know what those goals are. What are they working for? Andre Levoie, CEO of ClearCompany, conducted a survey called “How Leaders Grow Today.” According to the survey, over 43% of workers are familiar with company goals but couldn’t actually list them. ‘Employees need to understand their purpose in your organization. The best companies have systems in place that help them achieve this from the onboarding process to the employee’s day-to-day work,” Levoie said.
Turnover should be a problem you never have to face. Lead by example, reward your employees with what they deserve, and educate them on both the short and long term goals of the company. Follow these tips and you’ll prevent turnover all together.
When it come to sales positions, turnover is pretty common. Stop the madness! Take a look at our free eBook.