Employee loyalty says a lot about your business. If workers enjoy your company, they are likely to stay with your business long into the future. On the other hand, if your employee turnover rates are high, job seekers may take notice. This can make it difficult for your company to recruit and retain top talent and maximize your employee loyalty levels.
Research indicates that the overall employee turnover rate in the United States is 57%. Thus, if you are struggling to foster employee loyalty and retain your best workers, you’re not alone. Fortunately, there are many things that you can do to transform employee loyalty into a competitive differentiator for your company. These include:
1. Recognize Your Workers
It does not take long to acknowledge a worker for their hard work and devotion to your business. For instance, you can recognize an employee during a meeting. Or, you can write a thank you note to a worker for a job well done. Any form of employee recognition can help your workers feel appreciated and valued. Employee recognition can also drive employee productivity and loyalty.
2. Build a Positive Workplace
Work with your employees to build a culture that resonates with them. You can conduct meetings to learn about your workers’ values and goals. Along with these meetings, you can host one-on-one sessions with workers and use questionnaires and surveys to get insights into your workforce. Over time, you can foster a positive culture and work environment where every employee feels and performs their best.
3. Promote a Healthy Work-Life Balance
Give your workers sufficient time to take care of themselves. Otherwise, workers may start to burn out, which can impact their personal and professional lives long into the future. Generally, it helps to discuss the importance of a healthy work-life balance with your workers. You can also teach your workers about any tools or resources that your company offers to help your employees take care of their health. Encourage workers to come forward if they are concerned about burnout at work, too.
4. Communicate and Collaborate with Your Team
Keep the lines of communication open in as many ways as you can. You can let your employees connect with you through emails, phone calls, video calls, and in-person meetings. Additionally, you can maintain an open-door policy. If an employee has a concern or question, this individual should have no trouble discussing it with you.
5. Provide Professional Development Opportunities
Give your employees opportunities to grow with your business. For example, you can provide training programs that allow workers to build new skills or fine-tune their existing ones. Furthermore, you can learn about your workers’ career interests and goals. Next, you can work with these employees to help them advance their careers.
Want to Foster Employee Loyalty?
Ascend Staffing can help you identify job candidates who can become key contributors across your operations. We can teach you the ins and outs of employee loyalty and help you develop and maintain a high-performing and loyal workforce. To get started, please contact us today.