Methods for Improving Retention
By: Hance Joiner, IEC Georgia Workforce Recruiter
The recruiting, hiring, and on-boarding process is no cheap task. Improving your retention rate will lead to reduced hiring costs, and overall productivity for your company. With the challenges of the current workforce, we are increasingly focused on how we can better recruit talent, but that is not enough to alleviate these symptoms. We must also be focused on how we can keep the talent we bring in. How do we convince a new employee to continue working for us? Below are a few examples of policies, practices, and procedures that have helped companies improve retention:
- Electrical training: Apprenticeship, Skills Based Installer Program, and CEUs
- Leadership classes.
- Ensuring your employees are engaged with the work they are doing. Do they understand their contributions on the job site?
- Benefits: Insurance, 401k, PTO, sick days, etc.
- Financial aid resources for employees.
- Practices and policies that produce and maintain a clear vision for career progression.
- Exit interviews (identify any core issues employees are having).
- Be explicit about any Hidden Rules on the jobsite with new employees.
- Family Day
- Emphasized awareness of work-life balance and how it affects your employees.
Improving retention is no easy task. Buy in must be generated at every level, starting with your leadership. With these policies, practices, and procedures in mind, I leave you with a few questions:
What can you and your leaders do to ensure that your employees are eager to come into work?
Do your employees feel recognized for their contributions to the company?
What specific practices are you and your leaders doing to improve your retention rate?
Each business will have their own way of improving retention, feel free to let me know what methods work out for you. If you would like to learn or discuss more about recruitment and retention, join your IEC recruiters and contractor members at our monthly Workforce Zoom meetings, the last Friday of each month.