Talent Investment + Cost Saving = Employee Retention
As a start up, how do you balance the opposing goals of cost saving vs. talent investment?
Within today’s market, it is critical to focus on employee retention. Turn your company culture into people centric culture by asking questions like: Do your employees see a future at your company? How does your organization contribute to their career path? What can you do to increase their job satisfaction? Are the managers in your organization empathetic leaders?
Some tactical steps you can take to keep your employees engaged:
- Be transparent with your employees about company goals and trajectory
- Have an open conversation about their career path within your company
- Create internal and external development opportunities – think about cross functional training
- Conduct skip manager meetings to get the real pulse of the organization
- Ensure your managers are having regular meetings with their direct reports
- Recognize and appreciate your employees
- Offer flexible schedules where possible
- Recognize that employees have a life outside of work, be empathetic to their issues
- Conduct employee pulse surveys regularly to understand your employees needs
- Measure ROI on employee retention investment
How do you see results? Set tangible measures to ensure that your employees are engaged and satisfied, allowing you to justify investment in your employee retention vs. spending more in talent acquisition.
Need support developing employee engagement tactics and measuring against them? Contact us here
