You Caught Them, How do you Keep Them? Ways to Enhance Retention and Employee Engagement

Written by: Tracy Miller

You’ve worked hard to find and train your talented employees; now how do you keep them with your company in today’s competitive environment? Here are a few things for consideration to enhance retention and drive employee engagement so your personnel are more likely to stay in their jobs long term.

Compensation

Companies with high retention rates pay their employees a better-than-average salary and reward top performers with raises and promotions. The best employers regularly benchmark salaries against those of other companies in the industry to make sure they maintain a competitive pay structure. This can lock in employees and provide an incentive to stay with the company. In addition, implementing a bonus incentive program is an effective retention tool.

Remote Work and Flexible Schedules

During the pandemic, successful organizations realized the importance of flexible schedules and remote work options, which has now become the norm. Many employees appreciate the ability to work outside the office, and value a corporate environment that supports a work-life balance. Schedule flexibility can be a significant incentive in retaining your best workers.

Company Culture

A dynamic company culture, and how employees feel about the organization’s values, goals, attitudes, and practices is critical to employee engagement. When people feel connected with their company, they’re more likely to achieve their full potential at work. Make sure your company culture is not only inviting, but clearly defined, communicated, and promoted across the organization.

Non-Traditional Benefits

Think beyond the traditional health and welfare benefits, and offer perks that can set your organization apart from the crowd. Benefits such as wellness programs, generous maternity and paternity leave, childcare allowances, tuition reimbursement, or training opportunities should be thought of as an investment in retaining and engaging your team members.  

Open and Transparent Communication

Do your employees feel they can come to you with ideas, questions and concerns at any time? Do you promote timely, transparent communication across the entire team? Top performing leaders schedule time with and engage employees outside of regular reviews to gain a clear understanding of their workload and job satisfaction. Ongoing leadership-employee interaction enhances communication and contributes positively to retainment.

Effective retention and employee engagement planning can set you on the right path to securing a valued, tenured workforce that contributes to the success of your organization. Our experts at PPR stay up to date on best practices for retaining your top talent. Reach out to one of our consultants today to let us help your organization optimize its retention goals.

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