How to let Your Employees Grow Empowered?
As a manager or employer, you’re probably asking yourself “How can I reduce attrition?” Attrition refers to an employee quitting his job. It can be off-putting for your organization as it’s a sign that employees are not happy with their jobs. It also means that you’re spending more time and effort on recruiting, training and developing new talent rather than focusing on growing your business Bank Statement PDF Edit.
To help you find an answer to the question “How can I reduce attrition?”, we’ll tell you what you can do to empower your employees.
Encourage Continuous Feedback
It’s important that managers create an environment of open communication with their employees. According to this study, keeping employees happy is made possible by encouraging continuous feedback, which has a major impact on employee engagement and retention rates. It also helps both the parties understand where they stand in their roles.
Using the right tools, managers can provide training opportunities to employees who need it and recognize them for their performance through regular feedback. This ensures that employees feel valued and motivated to continue doing a good job which reduces attrition rates across your organization Bank Statement PDF Edit.
Offer Meaningful Rewards & Recognition
It might sound cliché, but people do like to be praised for their work. A study by BambooHR shows that employees who don’t feel recognized leave their jobs at a rate of 63%. This is because not everyone identifies with salary or bonuses; some workers want to help others and even more just want their efforts to matter and be acknowledged.
You can recognize and reward your employees in different ways such as:
– Gifts cards or other small rewards
– Paid time off (PTO) for special occasions like birthdays, anniversaries and more. It can be extended to long weekends and holidays during the summer season.
– Recognition events where employees get a chance to meet, discuss and share best practices.
– The option to work from home, especially for those who have children or other commitments that need their attention.