As workers currently have the upper hand in the job market, organizations need to think about how to keep their workers. They must keep employee priorities in mind, or they could face the threat of workers quitting. A happy workforce will help increase your retention to succeed. Here are things to keep in mind while keeping your retention rates higher:
Competitive Salary/Benefits
The demand for workers is high, and so is the need to increase wages in the healthcare industry. Competitive salaries and benefits can motivate employees to remain in their current position while avoiding turnover. Why does this matter for retention?
Reduces costs related to turnover.
Employees will feel appreciated and derive pleasure from their job.
Higher wages can be a factor in increasing productivity.
Encouragement for workers to aspire for greatness.
Additional satisfaction among colleagues
Increased organization's enthusiasm
Keep these in mind when figuring out or negotiating a worker's salary.
Re-Recruit Your Employees
Late last year, The Harvard Business Review recommended re-recruiting your current employees. Treating your employees like job prospects to sell them to stay in their role and add additional benefits sounds awkward, but organizations can use this to their advantage to maintain high retention. The idea is interesting for crucial reasons:
Reassess its value within the organization
Setting goals while managing expectations.
When individuals depart due to burnout and better prospects, it is an opportunity for managers and owners to appreciate those workers and retain an excellent work culture. This podcast is worth listening to learn how to implement this unique method with your staff.
Have A Mentoring Program
Mentorship takes work and time but being aligned and having your staff grow has multiple benefits to your organization. What would you need to be a good mentor?
Communication and listening
An open, relaxed environment.
Discover the mentee's strengths
Follow up and follow through with what you discuss.
Build Leaders, Not Bosses
To be an adequate leader and maintain high retention levels, you should influence, motivate, and be an example to your team members. There are a few essential techniques that every significant leader integrates into their conduct:
Commissioning authority
Being considerate to employees
Streamlining sincere communication and managing specific employee anticipations.
Leaders inspire while bosses manage.
Provide Feedback
People do not like negative feedback, so approaching this requires a strategy and an open mind to increase retention.
Be professional and considerate.
Negative responses should be counterbalanced with positives.
Focus on the solutions and not the problems.
Prioritize Work-Life Balance
Work-Life balance is essential for higher retention rates. An organization can thrive for these reasons:
Avoid burnout
Keeps employees satisfied
Increased productivity
Higher morale
People need breaks with time away requests that must be honored and respected. Avoid working seven days a week.
At WSi, we find the best healthcare workers to staff our client facilities, clinics, and organizations. Please speak to us to help with your staffing needs today.