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Employment Life Cycle
Retention. Retention. Retention.
We are continuing to dive into each phase of the employment life cycle. From establishing the need to fill to separation and everything in between. Building the most successful team does require hiring but it also requires so much more. Tune in each week to see how you can build the strongest team for your company by following this easy workflow for each employee.
Tip of the Week
Five Tips to Keep Your Top Talent Happy
This week we are going to focus on keeping your top talent. You have put in the hard work to find your team and now you want to keep them and keep them happy. In fact, 77% of companies focus on employee experience to increase retention - VantageCircle. That's huge! Increase employee happiness, increase employee experience, and increase employee retention.
The Importance of Employee Retention
Cost Savings - One of the most significant benefits of employee retention is cost savings. The cost of hiring and training new employees can be substantial, from recruitment expenses to onboarding and training programs. High turnover rates can quickly eat into your budget and hinder your company's growth. Retaining experienced employees reduces these costs, allowing you to invest resources in other areas of your business.
Knowledge and Expertise - Experienced employees possess valuable knowledge and expertise that are difficult to replace. When employees leave, they take with them not only their skills but also knowledge about your company's processes, culture, and history. Retaining employees helps maintain this knowledge within your organization, and prevents disruptions.
Improved Productivity - Employees who stay with a company for an extended period tend to become more productive and efficient in their roles. They have a deep understanding of their responsibilities and are better equipped to find innovative solutions to challenges.
Enhanced Company Culture - Employee retention is closely linked to company culture. When employees feel valued and engaged, they are more likely to contribute positively to the workplace environment. A strong company culture can also attract like-minded talent, further strengthening your team and fostering a sense of belonging among employees.
Tips for Employee Retention
Competitive Compensation and Benefits
Offer competitive salaries and benefits packages to attract and retain top talent. Regularly review and adjust compensation to ensure it remains competitive within your industry. Consider offering additional perks like flexible work arrangements, professional development opportunities, and health and wellness programs to enhance employee satisfaction.
Clear Career Paths and Development Opportunities
Employees want to see a clear path for career advancement within your organization. Provide opportunities for skill development, training, and mentorship programs that empower employees to grow within their roles. Show them that you are invested in their long-term career success.
Open and Transparent Communication - Often Overlooked
Effective communication is key to retaining employees. Create an open and transparent work environment where employees feel comfortable sharing their thoughts and concerns. Regular feedback, performance reviews, and opportunities for input can help employees feel valued and engaged.
Recognition and Rewards
Recognize and reward exceptional performance and achievements. Acknowledging your employees' hard work and contributions can boost morale and motivation. Consider implementing an employee recognition program to celebrate milestones and accomplishments. Strong management coaching practices are key!
Work-Life Balance
Promote a healthy work-life balance by offering flexible work arrangements and promoting a culture of time management. Encourage employees to take breaks, use their vacation days, and prioritize their well-being. A balanced work-life can reduce burnout and increase overall job satisfaction.
For assistance in creating a customized retention program, contact Full Circle HR, today!
The Compliance Corner
NEW Employee Handbook Requirement
On August 2nd the National Labor Relations Board (NLRB) made a decision that impacts employers covered by the National Labor Relations Act (NLRA), which is most private employers regardless of their union or non-union status. Under the new standard, if an employee can reasonably interpret the work rule to be coercive, then the rule could be infringing on the employee's rights under the NLRA.
This is what you need to know...
Policies that need to be reviewed or rewritten to be aligned with the latest ruling are -Rules prohibiting insubordination. -Restricting employee use of social media. -Restricting meetings with co-workers or circulating petitions. -Restricting criticism of the company's management, products, or services. -Ensure you outline rules for safety complaints (employers with more than 15 employees should outline this in their safety manual as well). -Limiting comments to the media or government agencies. -Restricting the use of company communication resources, such as email. -Rules against limiting the recording of meetings or the use of smartphones. If any of the above items are outlined in your employee handbook and can be perceived as coercive, you will need to revise your employee handbook to meet the new rule.
Contact me today to review your employee handbook for any of these areas that may interfere with the NLRA's new rule. Together we can determine if we need to seek legal counsel on appropriate language as it meets your business need and the NLRB requirements.
"The simplest way to stop your employees from leaving is to develop a plan to make them stay." Unknown
Workshops
Register Today! - Don't miss the 9/14 and 9/19 webinars!
My friends at The Social HQ and at Live Free Digital are partnering with ABC NH & VT to bring you an amazing series to boost your social media marketing approach! If you have never worked with either, consider doing so today! Take your business to the next level!
Elevate your marketing with our marketing series focused on short form video, search engine results pages and LinkedIn! In today's fast-paced digital landscape, mastering these three essential pillars is crucial to achieving social media marketing success.
Short-Form Videos: Rehabbing Your Social Media Strategy, Wed., Sept. 6, is designed to equip you with the essential skills to leverage short-form video content and revitalize your social media presence. Click here for more details and to register..
Anatomy of a Search Engine Results Page (“SERP”), Thurs., Sept. 14, will cover why a Search Engine Results Page (“SERP”) matters and why the map-section 3-pack of Google listings is so important. Click here for more details and to register.
Building Your Network Using LinkedIn, Tues., Sept. 19, will review how to use LinkedIn as a platform for professional networking, business development and knowledge sharing. Click here for more details and to register..
Contact Jennifer Landon, ABC NH/VT V.P. of Education and Workforce Development, for more information.
Looking for Donations
In response to the devastating situation in Lahaina, Maui - please consider donating to help the helpless pets needing medical attention, care, food and water, and placement with their families or foster care.
Your HR Department Membership
Our Newest Offering!
Gain peace of mind and assurance with FCHR's superior HR support. With one of our three comprehensive monthly packages, focus on what you love - your business, while we handle labor laws and team management.
Check out our low monthly payments and gain the peace of mind you need to grow your business.
The benefits of subscribing today are:
a reduction in liability risks, improved employee morale, increased efficiency, better recruitment efforts, effective training for managers, unbiased opinions, mediation and coaching.
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