High turnover rates can have catastrophic consequences. When you lose a team member, it often forces you to put projects on hold, break deadlines, and overwork your remaining team members. Then you have to go through the long and laborious recruiting process, hope you find the right candidate, and then get that candidate trained fast. By the time you get back to square one, you may have lost clients, customers, and huge amounts of present and future revenue. If your team is suffering from high turnover, use these strategies to correct the problem:
Use Culture Fit in Recruiting
Oftentimes the reason someone leaves your team is not because they can’t do the work but rather because they don’t like the work environment. You can correct this by evaluating each new hire for their fit with your company culture. Can they work with the team you have in place already? Will they thrive in your office environment? Do they share the values and goals of your company? If the answer is yes, they will be a lot less likely to leave.
Institute a Trial Period
Trial periods give the employee and the employer some time to evaluate their fit with one another. And if at the end one party decides the fit is off, then both can part ways with relatively limited consequences. The employees that do make it through the trial period know that they can succeed at the company and tend to be significantly more loyal.
Offer More Flexibility
Burnout is another major cause of high turnover. Employees who feel that their work/life balance is off will always eventually choose life over work. You can give your team the space and time they need while still remaining productive by offering work-from-home opportunities, flexible scheduling, and more leeway when the demands of family interfere with the requirements of work.
Make Onboarding a Priority
Onboarding is a series of measures designed to comfortably and effectively bring a new hire into a company’s fold. The advantage of this process is that employees are shown how to succeed rather than expected to figure it out themselves. In practice, this helps mitigate workplace stress and anxiety, builds stronger bonds between co-workers, minimizes mistakes and embarrassments, and helps new hires to feel welcome. Plus, onboarding gives the employer another means of evaluating the employee, sparing them the full consequences of making a bad hire.
Avoiding high turnover is really all about recruiting the right people and introducing them to your company in the right way. If you are ready to rethink the way you go about human resources management, contact the team at Selectek.