Hiring is one of the most crucial and tricky parts of any successful business venture. That’s why, ideally, it should be avoided as much as possible! Employee turnover is a huge strain on your business, so finding ways to increase employee retention is crucial. With that in mind, let’s take a look at some of the best ways to reduce employee turnover.

A great way to start getting your employees to genuinely love and appreciate their job is with simple affirmations. You should constantly be providing positive feedback, encouraging their creativity, and treating them with respect and dignity. This means taking the time to point out good ideas more than bad ones! If somebody makes a serious mistake, you should let them know so they will be able to avoid making that same mistake again in the future, but you don’t want to berate them until they’re afraid to show their face in the office. That’s not getting anybody anywhere. If you’re not treating your employees like they’re valuable and appreciated members of your business family, then they will find a company who will.

Along with telling them what they’re doing right, you should be providing them with chances to grow and expand into new roles. Even giving them small opportunities for more responsibility can encourage them to stick with your company for the long haul. Similarly, make sure you’re making your employees feel like they’re meant to be a part of your team. This means celebrating their birthday in the office, inviting them on outings like bowling nights and happy hours, and encouraging them to have a healthy work-life balance. By showing them that their personal life matters to you, you will earn their trust.

Finally, give them time to unwind. This one is important. One of the most influential causes of worker turnover is employee burnout. Let them know that their hobbies and sleep schedule matter to you and encourage them to take time to recuperate.

Article by
Wayne Goshkarian,
Senior Advisor

Wayne Goshkarian in front of his jet