The beginning of the year was a moment when the company experienced a lot of turnover. With employees who still survive, what’s the best way to keep employees happy working at the company?
Many factors cause employees to resign and sometimes these factors are beyond the control of the company.
For example, in the new year, many employees resign because they want to wait for the year-end bonus first.
Therefore, the beginning of the year is the moment when they are looking for a new job to look for other job opportunities.
Then, a wise step that companies can take is how to retain employees who are still surviving now so that they feel comfortable working at your company.
Read Also : What is Inventory Valuation Method? Definition and types
For that, Insight Talent has some tips which you can see the explanation below.
Big Company Vs Startup, What Does It Mean for Employees?
What does big company vs startup have to do with retaining employees? Yes, judging from how employees perceive a company.
Many employees often underestimate startup companies just because they are just starting their business.
Many employees who prefer large companies for their careers, even only consider startups as a stepping stone for their careers. So many don’t last long.
Although this thinking is not completely wrong, it all comes down to how companies can retain their employees and make them feel at home.
Research also shows that startups that manage to survive their first five years must survive with a maximum of 80% of their employees.
So the company must be able to survive with the remaining employees and not add employees due to a limited budget. Check out some tips for retaining your employees.
4 Ways to Retain Employees In The Company
Changing jobs is indeed a common thing for some young workers to do. That is why at moments such as New Years and Eid al-Fitr, the employee turnover rate will increase.
Even though this habit is commonplace, the HR division often gets dizzy when this happens. Of course, HR hopes to get the best talent who can feel at home working for a long time at the company.
Read Also : what is a Balance Sheet Definition and Examples
So, what’s the best way for a company to retain employees so they feel comfortable working at your place?
1. Build a Strong Company Culture
If you experience a significant increase in turnover over the New Year, try to dive deep into your company culture again.
Corporate culture means referring to how these employees work and what values are instilled in them which are implied in the way employees work.
This also includes how the interactions that occur between employees and the company.
Engagement is key. You need to prioritize employees and communicate what the company’s vision has been so far. This will foster a good culture in the company.
Employees want to be involved and have a comfortable place to work. If they feel valued for not only their work but also their opinion, they are more likely to stick around longer.
2. Be Transparent and Create a Comfortable Space for Employees to Express Their Opinions
You need to be open to employees with conditions that the company is experiencing or will face in the future.
This includes the worst-case scenario that may occur in the future. Instead of covering up the negative, reassure employees that they are an important part of the company.
And keep in mind that this transparency is two-way. Besides being able to provide information openly, you also need to provide a safe space for employees to give their opinions.
Read Also : What is Business Analysis? Definition and Practice
When they feel safe and their opinions are valued, they’ll be more comfortable working with you for longer periods of time.
3. Support Employee Career Development
Another way you can do to keep employees happy at work is to give them opportunities to develop their careers.
One way is to create a work environment that encourages employees to explore their roles there. So they can improve their skills properly.
You can also provide various ways to develop employee careers so that they can become a big attraction for new employees.
For example, by offering opportunities for continuing education, skill development, promotion opportunities, and various training.
The existence of these various programs has proven to be an effective way to retain employees to feel at home and stay longer.
4. Offer Competitive Benefits and Incentives
Providing competitive incentives and benefits is one of the important ways or attractions that companies can offer to retain employees.
Benefits and benefits are not always about high salaries. Companies can start from simple things in the form of supporting facilities, for example lunch, free parking, snacks every day.
You can also provide more flexible rules such as flexible working hours for certain divisions, dress casually, and so on.
Equally important is the provision of other benefits from other companies. In addition to providing obligations such as health insurance, BPJS Health, and BPJS Employment, you can also provide more flexible benefit schemes for employees.
Read Also : 7 Ways to succeed in Online Business
Those are some ways to keep your employees feel at home in your company.
By creating a comfortable environment, not only will you increase retention, but you will also build trust with your employees so you can have loyal employees who work longer hours.