Many businesses fail to realise the amount of time it takes to get a new employee fully trained. It can take anywhere between 1 and 6 months to train a new member of staff. It can also take the same amount of time to find out if they are suitable for the job in the first place!
Businesses also have a high turnover of staff due to not having proper policies in place to encourage the best staff to stay on in the business.
Some of the best ways to increase staff retention are also the simplest to implement. A great idea is to increase their holiday entitlements and other benefits over time served. Just a simple thing like giving an extra day off (to a maximum of 5) for each year in service can make a great difference. Giving employees greater flexibility and more control over the hour they choose to work, based on their length of service is also beneficial.
Making annual bonuses routine and incorporating them in the wage structure also helps to stop staff leaving half way through the year.
Training all your best staff so that they can take on more responsible work and improve their people management skills so that they understand how to treat and...