Smart Tactics To Retain High-Performing Employees




41%
of workers around the world
 are thinking about quitting their jobs within
the next six months, while 69% say they’re already passively looking for a new
position, the World Economic Forum reveals. Moreover, hiring new employees is
no cheap task — it costs around 6-9 months’ salary on average for a business to
replace just one salaried employee. It’s therefore
essential businesses go out of their way to attract and retain
high-performing employees
; aside from being just good for company morale,
smart incentives are also good for the bottom line.  

Pay employees a
competitive salary 

Although
training and managing employees effectively is essential for driving retention
and performance, paying a good salary is also crucial for fostering employee
loyalty. And, paying your employees a competitive salary that’s at least as
much or even more than similar businesses in your industry is a particularly
effective way to do this. So, every so often, make a point of finding out what
your competitors are paying their employees, and adjust your offered salaries
as needed. This doesn’t have to be complicated to do; for example, you can
simply ask potential employees about their salaries with other companies during
their interviews with you. Alternatively, you can get in touch with an outside
consulting firm to assess your compensation plan, see how it compares to
others, and suggest improvements. 

Accessibility
is key
 

As many as
around 135
million people in Europe
 live with a disability, which means
accessible workplaces are key for welcoming and retaining this significant
demographic. Above all, accessible landscaping can help ensure access
to your premises welcomes all
 and isn’t limited. So, start by
incorporating disability-first principles into the parking lot design — this
includes featuring clearly-marked disabled parking and distinct curbs, so the
entrance and exit points can be easily seen. Additionally, a non-slip concrete
path should lead up to the front entrance; concrete is an accessible
alternative to uneven materials like gravel and wood chips, which aren’t
suitable for people with disabilities. And, as steps aren’t feasible for
everyone, don’t forget about ramp access to the front entrance. It’s
particularly important the ramp is wide enough to accommodate wheelchairs of
all sizes comfortably and safely. 

Attractive
incentives 
 

As
many as 50% of UK workers
 say employee benefits would make them feel
happier in their jobs. Indeed, although a good salary is still important,
businesses are also using non-financial perks to attract, retain, and motivate
employees. Some companies, for example, hold annual trips to reward employees
for achieving key goals. Company-sponsored trips don’t just boost engagement
and motivation, but they also go a long way in fostering vital camaraderie and
teamwork between employees. Other attractive perks, such as, flexible working
and unlimited holiday, are also effective ways to incentivise employees.  

Attracting and
retaining high-performing employees should be a priority for all successful
businesses. Paying a competitive salary, making the premises accessible, and
offering attractive incentives are simple yet smart ways to improve employee
happiness, motivation, and loyalty. 

 

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