What Are the Best ways to Reduce Employee Turnover?

How to Reduce Employee Turnover

Managing employees requires a multi-faceted approach especially when considering preventative measures for turnover. There are many things that an organization can do to prevent employee turnover, and a lot of it depends on the management’s attitude towards preventing employees from leaving the company.

Bring Along a favorite Item/Pet:

One of the methods used in some companies includes allowing individuals to bring an item with them to work or even leave at the office. Some employees choose to keep a small plant on their desk that they need to look after daily. Employees feel compelled to come to work every day because they need to look after the plant. Some employees are known to keep a fish in a small globe at work. They feel compelled to attend work to feed it.

Some organizations even allow employees to bring their pets to work i.e. a cat or a dog. Employees feel more welcomed this way and it is known that absenteeism is lowered in these kinds of organizations. 1 in every 5 organizations allows this culture, according to a survey by American Pet Products. Such companies are known to experience lower absenteeism, greater willingness to work longer hours, as well as a more productive environment.

Referral Hiring:

This form of hiring on the recommendation of an employee earns that same employee a bonus. However, many times, the referral may have less to do with earning a bonus and more to do with wanting to work with someone they like. While the financial incentive is always encouraging, there are other factors that count, and the management has to start to think like employees do in order to benefit more.

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Gamification:

This is a process whereby non-game things are made more game-like. This may include a business contest with a leader board or an achievements chart. In the U.K, the Department for Work and Pensions created a game that targeted building innovation and social collaboration. In less than 18 months, there were more than 4,500 users.

Healthy Meals at Work:

Businesses that offer healthy meals on the premises tend to have an improved productivity level. Employees are automatically discouraged from going out to lunch and they tend to remain healthier. Both these are factors that promote a healthier work environment with lower turnover.

Telecommuting:

Employees may not feel well at times, and they can be allowed flexibility to work from home. This allows organizations to give their employees a bit of relaxation while ensuring that work does not stop. However, this should not be a regular or persistent practice, and it should be used depending on the state of your employee’s health as well as their attendance record.

To learn more about innovative methods for reducing employee turnover and implementing better employee performance management, try our free demo here.