June 1, 2022, 0 Comments
How a Strong Company Culture Can Lead to Better Retention
During The Great Resignation, record numbers of employees are leaving their jobs for better opportunities. This may be affecting your company’s retention rates.
The longer your roles remain open, the more productivity you are losing. Employees who have increased workloads because of these vacancies probably feel increased stress. The longer this continues, the more likely these employees will experience burnout. If they leave your company, your retention rates will become even lower.
One of the reasons why employees are leaving could be your company culture. Fortunately, there are steps for improvement that can encourage your employees to stay.
Discover how you can strengthen your company culture to increase employee retention.
Promote Equality, Diversity, and Inclusion
Many employees leave companies because they feel a lack of belonging. This is especially true for women and people of color.
Your employees need to feel they can be their authentic selves at work. They want their perspectives to be valued and respected. This increases employee commitment, motivation, and pride in being part of the organization.
You can promote diversity, equity, and inclusion (DEI) by encouraging your employees at all levels to do the following:
- Acknowledge, recognize, and represent diverse perspectives and needs.
- Create a safe environment for diverse perspectives to be shared.
- Complete inclusion surveys to help your HR team and leadership understand which areas of your culture need improvement and some specific changes to make.
- Encourage open dialogues to help everyone understand what DEI is, why it matters, and how they can promote it. One topic may be why gender pronouns are important and how to use them appropriately.
- Clarify standards and expectations to help implement DEI discussions into actionable steps and appropriate behaviors.
Provide Career Development Opportunities
Many employees leave their employers because they lack opportunities for training and professional development. Ongoing opportunities for employees to develop their skill sets are important for career growth.
Your employees need to upskill to stay relevant in the workforce continually. They also want opportunities to move up within your organization.
Your company benefits when the best talent remains long-term. This lowers your hiring costs and increases your return on investment.
Make sure managers sit down with their employees to develop individual career plans. Find out what the employees’ career goals are, then create a path to achieve them.
Include the opportunities for promotions and the steps needed to earn them. Provide the necessary training for skill development as well. This may include stretch assignments, the delegation of tasks, or cross-training.
Need to Hire HR Professionals?
Improvements in your company culture can increase your employee retention rates. Part of your plan may include promoting DEI and offering career advancement opportunities. The more your employees feel like valued members of your company and can earn promotions, the more likely they will remain long-term.
If you need help hiring HR professionals, talk with Arlington Resources. Get started with us today.