How to Improve Employee Retention

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Hire Only the Best

First of all, you have to make sure that you have the right people to begin with. HubSpot suggests that your hiring methodology should consist of these five things: skills, culture fit, beliefs, past experiences, and ideas. They believe that this methodology helps in creating happy team members from the start.

Lead by Example

One of the factors that make employees leave their jobs is having a bad manager. When leaders say something but do otherwise, they lose their credibility. When you ask your team member to do something, make sure you would be willing to do it yourself. Team members follow their leaders as an example, so remember to walk the talk and practice what you preach.

Promote Work-Life Balance

Employees stick around when there is a fit between their careers and their daily lives. If you want your team members to stay, you have to make them well-rounded individuals outside the company, and as much as possible, you don’t want them to feel burnout or depressed. Remember, encouraging work-life balance not only retains employees, but attracts new ones as well.

Let Their Personality Shine

When you hired an employee, you expected them to become self-reliant. Therefore, there is no need to micromanage them. Your role as a leader is to set a goal and empower them to achieve it. Jobs said, “It doesn’t make sense to hire smart people and then tell them what to do; we hire smart people so they can tell us what to do.”

Educate Continuously

Employees stay so long as they feel engaged and challenged with their work. It is important to foster an environment of continuous learning in order for them to understand their work and their responsibilities. As a leader, you should help them learn beyond their tasks and grow within your company. The success of the company depends on the people behind it that’s why it is important to have the A-players in the team and keep them. Having a good employee retention strategy helps in maintaining your relationship with your team members to contribute to the overall business performance.

The Outsourced Accountant helps accounting firms from all over the world grow their capacity, margins and profits through global outsourcing. Contact us to find out more about how we can help your firm.

REFERENCES:

http://academy.hubspot.com/ic15/the-pillars-of-delight http://guides.wsj.com/management/recruiting-hiring-and-firing/how-to-reduce-employee-turnover/ http://www.verasage.com/blog/human_capital_not_cattle/

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