Employee Retention: How Do You Keep Good Workers?

Posted on: 30 June 2022

If you struggle to keep good employees in your company, you may increase your wages or benefits. But if higher wages and benefits don't bring in or keep your employees happy, seek employee retention services. Employee retention services help you come up with new ways to keep good workers from leaving your business. Learn why you can't keep good employees and how employee retention services can help you do so below.

Why Do Good Employees Leave Your Company? 

You may do everything you can to make your company a happy and productive place to work. You may even offer better wages and employee benefits than other businesses in your area. But if you have a high turnover of employees during the year, you, your company, and your customers may suffer the consequences.

The best way to keep workers from leaving your company is the learn why they do so in the first place. Employees leave their jobs and positions for many reasons, including employee bullying, low wages, and long hours. Some employees leave their positions due to a lack of respect, a lack of career advancement, and a lack of recognition.

Even if you provide good wages and benefits to your employees, your workers may leave their positions if they experience the issues above. If you need to work on retaining your employees, consult an employee retention specialist today.

How Can Employee Retention Services Help You?

An employee retention specialist will examine the turnover rate for your company. If the rate is too high, a specialist will look for ways to reduce it. The methods a specialist may use to decrease the turnover in your company may include establishing an employee:

  • A rewards program that awards good workers throughout the month, week, or year
  • A recognition program that awards employees who stand out in your company
  • An engagement program that allows you to plan fun activities/trips for your employees

A retention specialist may also go over your wages and benefits to see if they meet the needs of your workers. Your employees should be able to make livable wages at your company. If your wages don't allow employees to pay their utility, housing, and food expenses without falling behind each month, you may need to increase them. 

Your medical benefits may also need to include things that enable your workers to stay healthy, such as exercise programs and health visits to the doctor. If your current insurance company doesn't offer better benefits to your employees, you may need to find an insurer who does provide what your employees need.

Learn more about employee retention by contacting a company like Maritz Motivation.