An employee turnover rate is the percentage of employees leaving a company in x period of time, versus the total number of employees at the workplace during that same tenure. It should be a goal among all companies to keep this rate at a minimum. Reports from XpertHR indicate that the employee turnover rate in the UK has reached an all-time high at 15.5%. Making your employees feel engaged and valued through increasing employee engagement is one way to reduce turnover. If the number is higher than you would like, Comeet suggests conducting exit interviews to determine why turnover is occurring in the first place. This gives you and your team a better overview of your company’s practices as you will collect suggestions and be able to make the necessary changes to improve your workplace culture and processes – hopefully lowering your turnover rates in return.
In the meantime, here are five ways to build employee engagement:
Change your structure
An article by Harvard Business Review warns that burnout is about your workplace and not your employees. Consider changing your workplace dynamics by shortening your workweeks or dedicating some days to remote work. These strategies are proven to both boost productivity and lessen employee absenteeism. They are also guaranteed ways of improving mental health, as this puts a premium on their work-life balance.
Express your sentiments
Employees who know that they have been performing at their very best may be discouraged when they do not feel that their work is being recognised. While you don’t have to commend them for every single achievement, be sure to praise and thank them from time to time. This also shows them that they are valued additions to your company, and in effect, they may be more encouraged to keep up the good work.
Trust them to make their own calls
Supply your employees with proper training and sufficient resources to make their own calls. When employees have shown that they’re capable of making on-the-spot decisions without consulting with their higher-ups, this could be your cue to giving them more autonomy. Employees will feel empowered when they manage to achieve a task without consultation. As described by the author James Dodkins it should serve as motivation to employees to be ‘rockstars’ and keep succeeding.
Promote a positive workplace environment
Advice from HR software company Peoplewave on promoting a positive workplace explains how it revolves around clear communication practices. Employees should not feel that they have to wait until mid- or year-end reviews to raise concerns or suggestions. An open-door policy will allow them to see the company as a safe space. They will learn how to trust the organisation and feedback will flow smoothly across all channels.
Offer opportunities for advancement
Co-founder and CEO of Hireology Adam Robinson says that a major factor affecting a loss of engagement is when employees do not see any opportunities for advancement. This puts your company at risk of losing top employees who have the potential to fill the roles of top leadership. Define career paths and trajectories for every department with attainable goals and targets that employees should meet if they want to advance. Make openings available internally before broadcasting them publicly.
Remember – your company is standing because of your employees. Don’t wait until it’s too late to show them that you care!
Please note that this is a contributed article by Belinda Smith about how to increase employee engagement. Views and opinions are not necessarily my own.