By Caitlin Finlay
Employee retention is a hot topic these days. If you’ve been paying attention, you’ve probably heard about the “Great Resignation.” People are quitting jobs left and right, looking for something better—better pay, better flexibility, better everything. Keeping good employees around is harder than ever, and companies need to step up their game if they want their workers to stick around.
Gone are the days when people worked at the same company for 30 years. Employees today expect more than a paycheck. They want balance, purpose, and to feel like they’re growing. So, how do you keep your team happy and excited to stay? Let’s dive in.
Work-Life Balance: People are tired of feeling like their job owns them. They want time to spend with family, hit the gym, or binge-watch their favorite shows guilt-free. Flexible hours and remote work options are becoming the norm because they let people do their work and live their lives. Life happens. Maybe someone needs to pick up their kid from school or work from home because of a leaky faucet. Being flexible when things come up shows employees you trust them to get the job done, no matter where or when they’re working.
Growth Opportunities: Nobody wants to feel stuck. Employees want to know they are learning, improving, and moving up the ladder. Companies that offer training, mentoring, or even just a clear path for promotions have a higher chance of keeping their people around. When an employee starts to feel bored or undervalued their first instinct will be to look elsewhere. If you’re one step ahead of the game, ensuring your team feels challenged and their work is making an impact, they are more likely to stick around.
Feeling Valued: People want to feel seen and heard. A little "thank you" goes a long way. When employees feel appreciated, they’re much more likely to stick around. Whether it’s a shoutout in a meeting, a bonus, or just a quick “great job” email, showing you notice their efforts can make all the difference. Don’t wait for the yearly performance review to say, “good job.” Celebrate small wins as they happen. It could be as simple as a Slack message or as big as a team lunch—just let people know their hard work matters.
Compensation: Money isn’t everything, but it’s still important. While the salary matters, candidates are also taking into consideration the overall compensation package. If a company pays well and offers perks like health insurance, retirement plans, or even free snacks, employees will feel valued. Add in extras like mental health support or gym memberships, and you’re golden. Work isn’t just about business—it’s about bonding, too. Team outings, holiday parties, or even a random pizza day can help build camaraderie and make your workplace somewhere people actually want to be.
Stay Connected: If you’re a manager or business owner, keeping your team happy might feel like a full-time job. But don’t worry—it’s not rocket science. Asking employees what they want is a great start. Don’t just guess—surveys, one-on-one chats, or even casual conversations can give you insight into what’s working and what’s not. Plus, it shows you care—always a good thing. Help employees set goals and give them the tools to reach them. Whether it’s online courses, workshops, or new responsibilities, caring about their future is a huge morale booster. Take a look at the market to see what your competitors offer and how you may be able to match or improve on it. Adding unique perks like mental health and wellness benefits, half-day Fridays, or providing in-office lunches are ways to compete with or stand out from your competitors.
It’s expensive to hire and train new people, and it can drag down team morale. When someone leaves, their knowledge and skills walk out the door with them. Keeping good employees saves time, money, and a whole lot of headaches.
So, remember, retention isn’t just about keeping people around—it’s about creating a workplace where people want to stay. If your employees feel valued, supported, and excited to come to work, they’ll stick with you for the long haul. Make your team feel seen, heard, and appreciated. Treat your employees like they matter—because they do—and you’ll have a team that sticks with you through thick and thin.
Ready to build a team that sticks? At TalentRemedy, we help companies like yours find and retain top talent, no matter the industry. If you’re looking for tailored hiring solutions that work, let’s talk! Reach out to us at info@talentremedy.com or 703-362-0175 to explore how we can support your recruiting goals.
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