The Top Three Secrets to Employee Retention

Salary

It's no secret that people like to be paid well for their work. In fact, a study by Payscale found that nearly 80% of workers would leave their job for a 20% pay increase. However, salary is not always the most important factor when it comes to employee retention. In fact, respondents in the same study said that receiving a promotion (61%), feeling appreciated (57%), and having flexible hours (54%) were all more important than a pay raise.

Flexible Schedules

Flexible schedules are also key to keeping employees happy. According to a survey by Gallup, employees who have control over their schedule are twice as likely to be engaged in their work than those who do not. Flexible schedules can take many different forms, such as working from home one or two days per week, being able to make your own schedule, or having adjustable start and end times.

Healthy Working Conditions

Working conditions include everything from the physical environment you work in to the company culture. Poor working conditions can lead to increased stress levels and lower morale among employees. On the other hand, healthy working conditions help create a positive work environment where employees feel valued and appreciated. Some ways to create healthy working conditions include providing ergonomic furniture, offering on-site childcare, having company-sponsored fitness classes, and being flexible with dress code.

Conclusion

While there is no surefire way to retain all of your employees, there are certain things you can do to increase your chances of success. These include offering a competitive salary, having flexible schedules, and creating healthy working conditions. By implementing these retention strategies, you can create a workplace where your employees will want to stay for years to come.