You have probably heard how costly it is to replace a good employee. Losing someone good at their job is not just about losing the skills and experience they added to the team but also about the time and resources invested that will turn over to spending/cost on filling that gap. For most companies, this means starting the recruiting cycle all over again: sourcing, filtering, and interviewing for longer than you'd want to until you find the right fit for your project.
The natural response to this problem is to improve employee retention at your company somehow. However, there's also a different approach that might change your entire perspective on the topic. At Stateside, we practice that approach to remove turnover rate from the equation and help companies keep their teams adequately staffed.
We'll discuss that later, but let's explore retention first.
Let's be honest and recognize that there are a million reasons why your best employee could leave their position, regardless of their loyal personality or countless years in the company. Here are a few ways to improve employee retention.
The effort each person puts into their work heavily influences the quality of their results. As obvious as it sounds, it is easy to forget that. After all, we are just human, and we will always do our best when something inspires us and drives us to do so. Business leaders must do their best to light this flame in the people who work with them.
It's always great when people like their jobs, but it's always better when people are proud of their work. Your company's values will reflect on everyone who works there, and as a business leader, you must demonstrate values that your team can get behind.
We can't talk about retention without talking about growth. Employees who feel their job is no longer contributing to their professional development will be inclined to take a different route. And they should just as you should strive to prevent that from happening.
Doing all of the above is a sure way to improve retention and make your company a more attractive place to work. However, that doesn't help because it is incredibly difficult to find good employees in the first place, and there's always a risk of losing them and having to start the recruiting cycle all over again.
But what if you could have committed HR, Technical, and Account Management partners that consistently guarantee your team is always staffed with the right talent?
That's precisely what we do at Stateside. We help organizations like yours hire better and faster, so you don't ever have to worry about turnover rates again. This process is called staff augmentation, and it has allowed our clients to accelerate their growth while keeping their projects on time and within budget.
Want to learn more? Contact us today.
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