In order to keep your business a going concern, it’s essential that a cohesive employee development and engagement program is created.

A Gallup survey indicated that around 51 percent of employees are disengaged at their current workplace. This lack of employee-employer interaction can translate into an increase in turnover ratio.

Keep in mind, employees are a business asset; if you invest in their development now, they’ll contribute to your business profitability in the future. By keeping your workforce engaged, a better and productive culture is developed. Your goal should be to create a cohesive and growth-driven work environment that keeps employees motivated.

How to reduce employee turnover?

Invest in employee development

Working in the same place and in the same job role can become mundane. Pay attention to your employee’s personal or professional development. If an employee has been with your company for two years and hasn’t seen professional growth, he may feel frustrated and jump ship. And you don’t want that. Enrich their job role with help of job rotation or give them the autonomy to set new goals for themselves.

Companies fail to invest in their employees’ growth. Stagnating your employees’ growth prompts them to look for newer and better opportunities.

Invest in training and development program, stipend for further education, or offer any personal skill development program. Facilitating their growth will keep employees loyal and engaged in the long run.

Build employee relationship

Another Gallup survey indicated that friendships at workplace improved employee satisfaction by 50 percent and people who have a best friend at work are engaged at work 7 times more than other employees.

Plan team building activities, such as, scavenger hunt, team lunch, or an employee retreat, so that employees can bond and engage within the office. Building relationships is an easy way to keep employees engaged in their current role.

Develop a conducive work environment

87 percent of employees consider wellness and health benefits as a parameter to choose employers. A research conducted at Harvard found a $3.27 decrease in medical cost for every dollar spent on wellness program.

Create healthier work environment for your employees to keep them happy and healthy. Access to company gym, awareness programs, or stress management programs can go a long way for your company.

Recognize their efforts

27 percent of employees leave a company due to lack of recognition. Employees want to be appreciated for their contributions in the company.

Their contribution may be a small aspect of the entire business, but collectively, employees have a great impact on your bottom-line. Hold monthly award ceremonies to recognize accomplishments. If an employee goes out of the way for a project, make sure you are appreciative of their efforts.

Movement within the company

Young employees, who are still figuring out their career path, tend to leave a company because they want to explore other horizons. Provide your employees the flexibility to move laterally within the organization.

Offer relevant benefits

With a comprehensive employee benefits program, keep your employees engaged. The key to a successful employee benefit plan is to offer what employees want. Tailor customized plan for your employees with benefits like flex-hours, wellness program, health benefits, childcare service, etc.

Tailor a compelling benefit program for your company, partner with JS Benefits Group. We are a group of employee benefit consultants and HR consulting firm in Pennsylvania.

Our wellness programs and health benefit plans are backed by comprehensive organization and market research and analysis. Along with designing and implementation of programs, we also provide HR consultation. Call 877 355-6070 and get a custom benefit plan for your company.