Retaining skilled employees is vital to the success of a business. A high rate of employee turnover can result in a loss of knowledge and skills, and can negatively impact a company’s bottom line. The cost of losing an employee includes not only lost productivity, but also the expense of recruiting, selecting, and training a new employee.
Some of the factors affecting retention include:
The following actions can help increase employee retention:
Employee attitude surveys allow workers to give confidential feedback about their job satisfaction, and suggestions for how the work environment might be improved. To foster a relationship of integrity and trust among company employees, survey results should be communicated effectively and acted upon promptly.
Surveys can be conducted in a variety of ways--from distributing a paper questionnaire, to having employees take an online survey, to hiring a consulting firm to do all the survey work for you. Regardless of the method used, you should review and analyze survey data. Survey results can provide you with key information on how to improve workplace processes, policies, and morale to retain existing staff and attract new employees.
Some of the topics that surveys can cover include:
Employee attitude surveys can bring many benefits to organizations that undertake them. For instance, such studies can:
A company health and wellness program refers to activities or initiatives undertaken in the workplace that are designed to support employees’ general health and well-being. Programs will often differ from business to business in terms of the range of initiatives offered.
Some simple initiatives to consider include:
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