Staff turnover is not always a bad thing. Sometimes it takes a little trial and error to find and hire the right staff for your business. However, if you’re finding that you’re turning over team members on a regular basis, this could be a sign of an underlying issue.
Hiring new staff isn’t as easy as it sounds. And, even after the hiring process, there’s still the onboarding and training process. This all requires an investment in time, energy, and resources.
With this in mind, let us consider how to best reduce your staff turnover effectively.
properly manage your payroll
Pay your staff on time, and for the accurate amount. While this may seem like common knowledge there are many small business owners who think that a simple delay here or there is normal. However, this is never okay. Put clear expectations and guidelines in place to ensure that your staff is paid consistently and without incident. If the task of keeping up with payroll is taking too much time, consider contracting a payroll management services company.
equip your team for success
Train staff well and they’ll be confident in doing their job. A well-trained staff can also equal a loyal team. Give your employees a reason to stick around. Don’t think that a paycheck is enough. Foster their personal development as well as their professional skillset.
establish a positive workplace culture
Promoting great office culture is an important part of ensuring a happy staff. Ensuring that everyone feels as if they’re a part of the team is important for gaining employee buy-in. Invest in team building. Host out-of-office events and have an open-door policy so that your team always feel valued and appreciated.
recognize and reward your team
Make a mindful effort to reward and gift those that work for and with you. When you recognize your team for a job well done, you encourage them, through appreciation, to want to be and do better. Some managers and business owners overthink this and put employee recognition on hold until there’s a designated budget for it. The truth is your team members would likely appreciate any token of gratitude from you. From a paid day off to fruit baskets, lunch on you, or even pie gifts from GThankYou, the goal is to make sure that they know that you recognize their individual contribution to the business.