Increasing Employee Retention Through A Positive Working Environment

With the ever increasing upsurge in the economy, there can be employees in your organization that are looking to move up the career ladder as rapidly as possible. This can lead to a sharp exit in your top talent. Many companies need to keep their staff happy and engaged, but employee retention can be a difficult process to master.

When the economy is down, there are obviously fewer opportunities in the world of work and, thus, fewer chances of losing your best employees to the sharks and head hunters. But, now it’s a problem for companies who may have rested on their laurels to realise exactly what it is that makes for good employee retention. Here is an idea to consider.

Importance Of A Positive Working Environment

Once you have decided who your next employee is, it’s time to introduce them to your company and get them working efficiently and effectively. Retention of these new employees is imperative and one of the first things to do is reinforce the idea of a positive working environment.

There has been an age old belief that a happy employee is a productive employee, and the big thing behind this is the environment in which they work. What someone thinks about the company he or she works for can have an effect on: their attitude, their work and customer satisfaction. Studies found that if an employee improved their attitude by 5 percent, then revenue would rise at least half a percentage point.

It is motivation that is the key. If the employee thinks that their job isn’t important, or aren’t properly motivated then they may show you with your feet. Building morale and motivation can result in a huge dividend as a committed worker is a motivated worker.

Using the three ‘Rs’ can also help matters: recognize, reinforce and reward. If somebody puts effort into a piece of work, or a project, then they often deserve the appreciation of their boss. A compliment on how they approach the job, how they do the job or how they’ve improved the company will sit well with anybody. By the same token, one of the main reasons why somebody would leave their job is for a lack of praise and recognition.

There are multiple ways by which a company can build a productive recognition and reward system and this often comes in a five point plan:
• Focus on what you want to reward.
• Avoid judgment.
• Simplicity is the key.
• Let your team have project ownership.
• Try to make the day spontaneous and fun.

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