One of the most costly aspects of running a business can be the costs involved with losing a staff member and subsequently hiring a replacement. The hiring process is a long one and, if due scrutiny is not given to candidates, there is the potential for even greater risk with underqualified or inappropriate staff members being brought into a workplace, only to leave later.
As such, it is in a business’ interest to retain their employees, keeping them loyal to the brand and content within the company. While this might seem relatively straightforward, many business leaders will share experiences to the contrary. There are a number of ways in which a company can ultimately reduce their staff turnover but these are not always considered, except by the most successful businesses.
One of the best qualities a company can offer employees is skill development. By offering the opportunity for professional development, such as management training in London, a city thriving with high-quality corporate education services, businesses can help to improve their employees’ skills. This leads not only to greater work efficiency but also to job satisfaction that contributes to their ongoing happiness within the role.
Their development also has an effect of proximity, inspiring coworkers who might seek to progress further and supporting managers who are more freely able to delegate work confidently.
Remaining conservative in your leadership style can be problematic for positive workplace culture. By being open to more flexible and modern ways of working, employees will feel more content. One such example is the tight loose tight approach of management that has become popular during the rise of remote working. This sees that tasks are initiated with expectations and have clearly defined results, but how an employee works between these two to accomplish their task is entirely up to the individual.
This is an example of a modern approach to the workplace that empowers employees and allows for their independence, helping them to feel trusted.
One of the traits that employees often state as their most preferred is flexibility. This can manifest as the ability to manage their own hours, suggest amendments to their rota, or have a greater amount of control over their job at hand. While these can put a certain strain on a business’ operation, it is worth considering what efforts can be made to accommodate staff members’ requests since they are valued greatly and reduce stress that can ultimately come to affect their work productivity.
Communication remains one of the most important aspects within a business and yet it is the part that most struggles during new teleworking operations. Efforts must be made to contact staff outside of their normal tasks, so as to assure of their wellbeing. This also allows for leaders to catch potential issues within company culture early, preventing problems that can later lead to terminations.
While such channels are difficult online, efforts can still be made to have open conversations, especially one-to-one with staff members, as this allows them to feel heard even when at a distance.
Infographic Provided by Halock Security Labs