If you ever want to know if a company is in trouble, just look at their retention rates. As the old saying goes, if people know the boat is sinking, they will begin to jump ship. The company may not be sinking in terms of financial troubles, but in the ability to progress. After all, if you are continuously training employees, there is no time for innovation and growth. If your company is in a similar situation or seeing that it’s heading that way, then stick around. The following list details three ways you can begin improving your retention rate.
Employees who feel their employer-provided benefits positively affect their lives are 40% more likely to be loyal to their workplace. This may be accomplished in two ways. One can be to simply add additional benefits to their already existent package. Your employees will definitely appreciate this gesture, but the drawback is that it does not produce a stronger relationship. Another strategy and a less expensive route to take is to provide your staff with simple rewards, such as extra lunchtime or company parties. This allows you to encourage communication between your staff and move away from the typical workday schedule every once in a while.
Let Them Relax
Burnout is very real. A loss in passion may not cause burnout but simply a loss in energy. Therefore, it is vital for you to let your staff relax. People need to maintain a healthy work-life balance, and this can only be accomplished by allowing for some flexibility in the workplace. Allow your employees to request time-off or an addition to their vacation days. This might sound like an expensive thing to do, but the consequences are far worse. Unhappy and tense employees will provide you with sub-par work and eventually leave your company for ones with more flexible policies.
When it comes to making sure that your staff is happy working for you, respect must be the first thing that is analyzed. All the benefits in the world will never be enough to replace respect. This goes for yourself and your employees. When speaking with employees, always make sure to approach them with a respectful tone and intent. Don’t implement excessive rules that inhibit their workflow. Respect goes a long way to making sure that your staff sticks around for the long haul.
The retention rate within a company is one that is often never spoken of. This basically stems from companies not wanting to disclose that type of information to the public. However, for change to be possible, the conversation must be started. Adhere to the tips above to begin creating a positive work environment for your employees.
Having the right talent on your staff is a great way to achieve success, but you need to have efficient and motivated office team members as well. If people aren’t motivated to come to work each day, their productivity level will be low. This can lead to lower profits for the year. There are some very simple methods that you can use in order to improve the efficiency of your office team members as well as keep everyone motivated to get their job done when they come to work.
Look for Improvements
It’s important to always be looking for ways to improve and take action when something goes wrong. This mindset can create an increase in productivity, efficiency, and add value to your business. The improvements don’t have to be extensive, either. A few simple changes can make a big difference in your workflow. You may want to switch the employees who perform a certain job. You can assign tasks a little bit differently. You can come up with a new process for accomplishing daily duties.
Create a Positive Atmosphere
A positive atmosphere can go a long way towards boosting morale within a company. If everyone in a department is always complaining about their job, stressing about the pay, or feeling like they don’t want to go to work, this can result in decreased efficiency. You can create a positive atmosphere by motivating employees to make a difference. Make everyone feel like they play a role in how well the company does from the cleaning crew of the building all the way up to the upper management roles.
Provide Rewards and Incentives
A great way to keep people motivated and efficient is to offer a reward program or incentive option. This could be as simple as signing up with a third-party rewards program that allows your employees to accumulate points for a job well done. They can redeem their points for items like gift cards. Incentives can come in the way of bonuses once per year that are based on the personal success of an employee.
It doesn’t take a lot of effort to increase the efficiency of your company. Minor changes can be implemented, such as company assessments and evaluations that look at overall efficiency. Providing a positive environment and even offering employee rewards can also boost productivity.
If your business is going to grow, you will at some point need to think about adding new employees to the team. This is an exciting occasion because it means that you are gaining new customers and looking to increase your revenue. At the same time, you need to make sure that every employee you hire is not only capable of doing the job but that they are also a good fit for your company. Making wrong hiring decisions can actually set your business back, and you certainly do not want that. As such, you will want to follow some key practices as you set out to hire new employees.
You cannot possibly learn everything that there is to know about the people who work for you. Unfortunately, you also cannot count on everyone to be honest during the interview process. You want to trust the people who work for you, it is also your obligation to protect the company. In order to ensure that you have a safe workplace for everyone, conducting a background check on applicants is an effective hiring practice to implement.
Looking Beyond the Resume
There is also more to a person than their resume. While it is important to know that an applicant has the requisite skills, education, and experience for the job, it is also helpful to know that they are a good team player. You want some one who fits into the company environment and who can walk the walk. It does little good to hire someone who sounds good when they talk, yet their actions do not live up to their words. Pre-employment testing is beneficial in determining a candidate’s capabilities. Look beyond the resume and you will determine if the personality is there to warrant hiring the applicant.
While you want to believe everything that is said in an interview, it is best to go back to the source. Talk to former employers, coworkers, and others who know the person you are considering for a position. Find out what their thoughts are and then weigh those against your gut instincts. While reference checks do not need to form the basis for your ultimate decision, they should form a major part of it.
If you will follow these three key principles, then you will be well on your way towards hiring quality personnel who can complement your business. You want to bring people on board who can fulfill your mission and objectives. When everyone is on the same page, the workplace will become more vibrant, exciting, and productive.
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Time is very valuable to a business because it dramatically impacts sales. When a business team has to relocate to another building, time becomes more important since a typical company usually loses potential sales opportunities throughout the transition phase. In order to keep a business stable through the moving process, a business manager must implement practical management procedures so that everyone will work together as a team without stressing out. If you want to move to a new building in this manner, these stress-free moving strategies can help.
Get Everyone on the Same Page
When it’s time to move a business to a new location, some people may panic. In order to maintain the highest level of efficiency, you must get everyone on the same page by giving certain people important moving objectives. For example, some employees can gather, organize, and prepare all paperwork, and others can sort fragile items so that glass components won’t break before their placed in boxes.
Along the way, chaos may happen if everyone must follow a strict schedule, which is why each group must have a leader. Each leader’s purpose is to keep everyone on the same page throughout the entire preparation process. It can greatly assist everyone, including yourself, if you have a layout and a plan for everyone to be able to follow.
Have Information Ready to Go
Collect all the vital pieces of information you need to have about the new place. If you plan your moving project around this information, you’ll encounter less stressful situations when all of your business equipment reaches the new destination. The most important information that you must consider is the layout and size of every space in the new building. In some cases, all inventory, furniture, and equipment from an old building may not fit in the second headquarters, and this is why you’ll need to consider the square footage in every area.
Maybe make a list of potential issues with the new place. This list could include possible security risks and overhead costs. However, if you install a top-of-the-line security system and invest in energy-efficient products, you’ll protect your business and maintain practical overhead costs.
Pack Everything Properly
While your office products are packed in boxes, certain items could possibly damage if they’re not properly packaged. Bubble wrap is one of the best packaging options for very fragile items that are made of glass. Whenever you need to pack a lamp, vase, and some other narrow, delicate object, you can keep the fragile material in optimum condition by using a layer of bubble wrap. Packing peanuts are also effective; however, they work best with bulky items. In order to use these foam pieces properly, you must build layers. The bottom layer is the foundation that provides a cushion, and the second layer surrounds and covers a fragile product to reduce shock.
Hire a Seasoned Moving Crew
Although boxes protect valuable items, some products can still damage if they’re not handled properly by a moving crew. To avoid disputes and stressful situations, you must hire a seasoned crew that has a lot of experience relocating business items. If you work with a dedicated, professional team that’s insured, you won’t be at risk if someone accidentally scratches, breaks, or damages your items.
These stress-free strategies can help you complete a moving project without raising your blood pressure. If you schedule the project on a day when sales are usually slow, the downtime won’t dramatically hurt your business financially.