Employee turnover has a tremendous cost to any organization - lost productivity, cost of recruitment, lower morale for the remaining staff, etc. Here are my top five methods that any organization can use to significantly boost retention. (Families can use them to run more smoothly as well.)
#5: Clearly defined expectations - employees often run ragged trying to figure out what their job responsibilities really include, how much is enough, and when they're pushing too hard. (Are you sure your kids, parents, siblings, or friends know what you expect of them? Is it written down?)
#4: No jerks in the office - Managers should be aware of who is ruffling the most feathers and disturbing an otherwise smooth workflow (they may need to look at themselves).
#3: Ask them what bothers them most and fix it - Managers must feel comfortable sitting down and conducting an honest evaluation about what their staff is experiencing.
#2: Do more of what is working - There's no need to reinvent the wheel. Expand policies that employees are already enjoying. Do them bigger, better, and more often.
For example, make them available to families when both decision-makers feel like they are being treated well, two (or more) opinions have to change for one employee to leave.
#1: Vision pairing - Ensure that the department's goals the same as its members. People get excited about working on something that they believe in and are proud of. Sometimes this means revisiting the hiring process to make sure the best-fits are brought on board.
Costs = zero or minimal
Effectiveness = huge. Particularly when you consider the various impacts that turnover has on a company - both on those that leave, but especially on those that stay.
Implement these methods and you'll get to confront problems such as employees sporting these on their desks.
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