How to Prevent Employees Jumping Ship
During a period of high employee unhappiness, Vaibhav Jain, CEO and Founder of Hubilo, reveals what business owners can do to avoid their employees from giving their notice.
Many employees are eager to jump ship in favour of greater income and work-life balance in the post-pandemic era, which is bringing many changes to working environments and employee expectations. We are entering a world known as ‘The Great Resignation,’ in which 69 percent of workers are confident in their ability to move to a new job in the months ahead.
The loss of trained and experienced personnel poses serious threats to business continuity and the capacity to provide excellent customer service. Not to mention the financial ramifications. As a result, the impending mass job transfer should motivate employers and HR professionals to reassess their policies and procedures in order to boost employee engagement and retention as soon as possible.
Close the Communications Gap
There are a variety of reasons why brilliant people may wish to quit a company, and it isn’t always about the money. All of these factors have a role in swaying the decision to quit, from the lack of regular check-ins and constructive feedback to feeling underpaid and unsure about advancement opportunities.
Employee happiness can be greatly improved by listening to them and acting on what they say, preventing them from leaving. Unfortunately, according to the newest UKG research, four out of five employees believe that their co-workers are not heard equally, revealing a problematic communication gap that could be fuelling the mass exodus.
The golden key to developing an engaged employee culture and decreasing turnover is communication. In today’s scattered locations and flexible working patterns, it’s even more critical to have open and frequent communication between the board and other employees. Rather than inundating employees with emails, firms should consider utilising the latest communications tools to improve employee interactions, provide them a platform to speak up, and develop strong bonds with their co-workers.
Employee retention and engagement techniques can be dramatically improved by reinventing how corporate meetings are conducted and rejecting uninteresting one-way sessions. Quizzes and polls introduced during meetings can enhance participation and provide HR departments and managers with valuable employee information that can be used to keep top talent from leaving. Incorporating a fun aspect or healthy competition can help to boost team spirit, foster unity, and remind everyone of their common goals.
It can also help employees gain confidence in approaching their boss with any concerns they may have, potentially revealing issues that have an impact on employee retention that management was previously unaware of.
Reinventing Training Initiatives
Businesses can increase employees’ abilities and build up knowledge where it is missing by implementing a high-quality employee learning and development (L&D) programme. Regular training and knowledge-sharing team sessions can help employees keep up with changing consumer needs and technological improvements, increasing their chances of success in their jobs. Facilitating training and career development also demonstrates appreciation and encouragement for professional growth, which encourages employees to stay since they see a clear road ahead of them.
HR leaders, on the other hand, must say goodbye to pre-recorded five-hour training DVDs that irritate rather than enthuse employees. Using a virtual events platform to invite trainers, business partners, and co-founders to share their expertise and run through real-world scenarios can significantly improve L&D methods. Employees have the opportunity to ask questions or participate in team activities that help them retain information and understand best practises.
Thinking outside the box and utilising technology can dramatically improve the success of L&D programmes. The higher the engagement rate and immediate impact on productivity and performance, the more engaging and dynamic the training.
Create a Culture of Engagement
It is not necessary for all meetings to be about work. With employees working from all over the world, it’s more important than ever to give them the opportunity to get to know their co-workers, have meaningful and fun conversations, and form bonds with their bosses. Physical distance is no longer an impediment to establishing a connected workforce. Virtual activities that commemorate birthdays, anniversaries, or awareness days can bring teams together and help them create bonds. Virtual goodie bags, internet vouchers, or discount cards can help employees feel appreciated and valued.
Companies may build a culture of engagement and stay one step ahead of ‘The Great Resignation’ by celebrating non-work-related events, giving interactive training sessions, and incorporating gamification aspects into business-wide meetings. Employee happiness and their willingness to stay and advance within the firm can be greatly impacted by improving communication and interaction inside the company. Businesses may create an environment where all employees feel heard and involved by utilising today’s virtual events technology, increasing employee engagement and, as a result, retention.