For any company to achieve success, it has to consist of an efficient and satisfied workforce. Ever since Covid-19, the world saw a mass exodus of people quitting their jobs, it became a global phenomenon to which nobody had answers. Many tried to understand the causes behind this turnover but ultimately it all came down to low compensation, unfit work culture, work-life imbalances, and general dissatisfaction with the management. This era led to employees reclaiming their work rights from organizations.
In this fast-paced environment, companies need solid staff retention strategies. So that they face a minimal risk of employee turnover. Recruitment has become increasingly challenging and also costly, therefore outsourcing this highly significant task to a recruitment agency such as RFS HR Consultancy is beneficial for your organization.
Focusing on the Emirates market, about 76 per cent of employees in the UAE have either changed jobs in the past two years, as they seek higher salaries and better benefits. By analysing the facts and figures, staff retention becomes the top priority of any employer if he wants to stay at the top of his game.
Our Agency brings you 10 leadership tips that help improve staff retention and ultimately set you on the path of glory.
Table of Contents
Better Compensation to employees for staff retention
If you ask any employee about the most important aspect of his job, it will always be the salary. If the compensation is fair and good, then the employee is motivated to work harder. That’s a logical fact.
But paycheck isn’t the only thing that matters in a good compensation. It also includes the better chances of promotion, good bonuses, excellent stock options in the company, and other benefit packages as well. Simply said, if you want your employees to work as diligently and meticulously for your organization as they would for their persons, then the employees need to feel like they’re being taken care of and appreciated by the organization. Staff retention becomes easier when people feel satisfied.
In a study from the Pew Research Center, 63% of respondents cited low pay as a key reason they left a job in 2021. Therefore company retention very much depends on fair compensation.
Encourage Remote Work
In the beginning, we discuss the pandemic era and how it ushered a change into our society especially related to work rights. The concept of remote work simply known as working from home also started when the entire world was on lockdown due to the pandemic. Providing the option of remote work is one of the best staff retention strategies.
The world, however, could not halt. Remote work became one of the most important aspects of everyone’s lives. Furthermore, remote work has many advantages because people who live far don’t have to daily commute, it can give them a semblance of work-life balance, more autonomy and comfort. All of which motivate the worker to stay at the job. It’s a great HR retention strategy.
Excellent Onboarding strategy
Research by Brandon Hall group shows that a good onboarding plan for new hires is a remarkable staff retention strategy which reduces turnover by 82%. When a new recruit comes in, there are a lot of factors that could prove difficult for him because a new environment, different company goals, and different management are all significant factors.
To improve retention, the integration and inclusion of new employee goes a long way. It’s common knowledge that most people who quit their jobs, do so in the first months of their joining. For them to perform up to the mark and to maintain their retention, great leadership is focusing on a good onboarding strategy. A recent study by Gallup found that only 12% of employees “strongly agree” their organization does a great job at onboarding new employees
Flexible work hours to increase retention
Providing flexible hours to work is a great staff retention tip. To create an optimum work-life balance, a company needs to give importance to the employees’ personal lives as well. The availability of flexible schedules gives an ease of mind and brings about more creativity and passion.
When an employee feels that the company strategy is to count each second of their work then, it diminishes their capability of work and more importantly their will to stay any longer.
The recruit could easily manage their personal commitments such as taking care of children, or old parents if their work schedules are easy.
Listen to your employees
The people are the heart of any company, they do the work and bring the results. A great leadership tip would be to actually listen to your employees when they want to share something. Staff retention becomes very easy when the workforce feels that they actually matter.
A manager shouldn’t just listen because it’s required in the contract rather it should be because a mutually positive work environment is important to leadership as well. Employees’ concerns matter to the company.
You need to create a work place culture where the staff feels that this is where they belong. They must feel valued, connected and content with the work culture. According to this research, 81% of workers think company culture is important in their decision to apply for a job.
Minimize over-working hours
A 2020 Gallup report, Employee Burnout: Causes and Cures, found that 76% of employees sometimes experience burnout on the job and 28% stated they feel burnout “often” or “always.”
If you want to engage in staff retention then you must adopt the practice of ethical working hours.
It is unjust to expect from a people to work more than normal working hours because their lives do not revolve around work only. The best leadership strategy is to keep the concept of over-works hours away from the company.
Increased Communication
Communication is the key to reduce misunderstandings and contentions. The communication is between the management and the workforce but also between the employees themselves.
To secure staff retention, the manager must not let the employees feel disengaged from the leadership.
Because that would cause the morale to go down, cause decline in productivity and generally bring down your company. Ultimately increases the risk of turnover.
Have a clear understanding of expectations
Another important HR retention strategy is to have a mutual understanding of expected goals for the role. This is significant so that later down the road there are no misunderstandings regarding the job role.
Because any problems later in the job would create problems for both the worker and the company. Therefore, a good staff retention plan includes a comprehensive understanding about expected roles and the company’s goals.
Stay Consistent in Management
Good management stays consistent in its stated goals. When a leader continues changing the expected roles and goals from an employee according to impulses, it creates resentment and low morale among the employees.
To secure staff retention, a great strategy to adopt is consistency in leadership and management.
Hire a good HR team for staff retention
By far the most important strategy for staff retention is to outsource your hiring process to experts in the industry such as RFS HR Consultancy. Because we simply are the experts in this field and strive to bring the best results for you.
We know how to better guide your company in staff retention and talent acquisition. We provice a guarantee with our service. We will be there to easily integrate and implement all these strategies. Given the intricacies around this process, we stand as the best recruitment agency in the UAE.
Conclusion
These were the top 10 leadership tips to improve staff retention. If you want your business to stay successful then these strategies will go a long way. People are why companies and businesses exist and therefore, it is pertinent they be taken care of.
We at RFS HR Consultancy know how to assess, acquire and retain the top talent for your company.
