Employee Retention – Making the Case for Staying
- Author: Sheryl McAtee
- Categories:
- Tags:
- Share on:
With rapid shifts in the economy and business landscape, retaining current employees feels like an important mandate. Employee retention is certainly vital for operations and continuity. It is also important to be objective in weighing both their value to you, and your value to them. Here are some questions to ask in this process.
How competitive are you in your market? Do you know where you fall with respect to pay, benefits, advancement opportunities, stability and potential compared to your competition? Where do you tend to lose people to? Being realistic about your positioning in the market can help you know how best to retain— which may include emphasizing certain benefits or considering whether salary adjustments are needed.
What is your unique value proposition? Why should people stay? We often focus on investing effort to keep people. It is also useful to consider what should make them want to stay. Don’t be afraid to sell the organization a bit! People want to work for a special organization, so remind them of what makes your team and workplace special and worth sticking with.
Who do you really need to keep? This can seem cold, but a natural part of succession planning is considering who your high performers are, and who you might not to be sad to see go. A certain amount of voluntary turnover may be fine if the fit wasn’t right. At the same time, you want to invest time in your high performers, and clearly define the criteria for recruiting future high performers when attrition occurs.
What are you doing for employee engagement? Are you taking actions that will encourage solid performers to stay? All engagement is a balance — you don’t want your employees to take you for granted, as that can lead to an entitlement culture, but you also don’t want to take them for granted. Be honest about where you need to make improvements, and where you should highlight your engagement activities, to remind employees why they should stay.
Employee engagement and retention is a dance — sometimes, the employee will have the upper hand in the market, and sometimes, your organization will be the best game in town. Engagement is not a static state — it must be continuously reevaluated, renewed and refreshed. However, simple questions like these can help you choose the most productive investments for the path ahead.
Choose a Seminar and Save $10
How to Manage Diversity in the Workplace
1 Day
- CEU: 0.6
- CPE: 6
- HRCI: 5.5
- PDC: 6
Team Training - Virtual or In-person
Styles & Strategies to Supervise Effectively
1 Day
- CEU: 0.6
- CPE: 6
Team Training - Virtual or In-person
How to Manage Remote Employees
1 Day
- CEU: 0.6
- HRCI: 5.5
- PDC: 6
Team Training - Virtual or In-person
How to Manage a Hybrid Workforce
Half Day
- CEU: 0.3
- HRCI: 3
- PDC: 3
Team Training - Virtual or In-person
Creative Leadership
1 Day
- CEU: 0.6
- CPE: 6
- HRCI: 5.5
- PDC: 6
Team Training - Virtual or In-person
Managing Virtual Employees
Half Day
- CEU: 0.3
- CPE: 3
- HRCI: 3
- PDC: 3
Team Training - Virtual or In-person
Facilities Management - A 2-Day Comprehensive Course
2 Days
- CEU: 1.2
- CPE: 12
Virtual Seminars:
-
Jul 29-30
-
Aug 8-9
-
Aug 12-13
-
+ 13 more dates
Transitioning to Supervisor
1 Day
- CEU: 0.6
- CPE: 6
Virtual Seminars:
-
Jul 29
-
Jul 30
-
Jul 31
-
+ 39 more dates
In-Person Events:
- Aug 7, Dallas, TX
- Aug 8, Austin, TX
-
+ 10 more dates
Management & Leadership Skills for New Managers and Supervisors (2-Day)
2 Days
- CEU: 1.2
- CPE: 12
Virtual Seminars:
-
Jul 29-30
-
Jul 31-1
-
Aug 1-2
-
+ 34 more dates
In-Person Events:
- Aug 20-21, Denver, CO
- Aug 22-23, Phoenix, AZ
-
+ 6 more dates
Leadership, Team-Building and Coaching Skills for Managers and Supervisors
1 Day
- CEU: 0.6
- CPE: 6
- HRCI: 5.5
- PDC: 6
Virtual Seminars:
-
Jul 30
-
Jul 31
-
Aug 2
-
+ 38 more dates
In-Person Events:
- Aug 6, Nashville, TN
- Aug 7, Atlanta, GA
-
+ 4 more dates
Criticism & Discipline Skills for Managers and Supervisors
1 Day
- CEU: 0.6
- CPE: 6
- HRCI: 5.5
- PDC: 6
Virtual Seminars:
-
Jul 31
-
Oct 1
-
Oct 2
-
+ 6 more dates
Leadership & Management Skills for Women
Half Day
- CEU: 0.3
- HRCI: 3
- PDC: 3
Virtual Seminar:
-
Jul 31
A Crash Course for the First-Time Manager or Supervisor
1 Day
- CEU: 0.6
- CPE: 6
- HRCI: 5.5
- PDC: 6
Virtual Seminars:
-
Aug 1
-
Aug 6
-
Aug 9
-
+ 8 more dates
How to Supervise People
1 Day
- CEU: 0.6
- CPE: 6
- PDC: 6
Virtual Seminars:
-
Aug 1
-
Aug 2
-
Aug 7
-
+ 11 more dates
How Managers Become Great Leaders
1 Day
- CEU: 0.6
- CPE: 6
Virtual Seminars:
-
Aug 5
-
Aug 8
-
Aug 13
-
+ 23 more dates
How to Supervise Bad Attitudes and Negative Behaviors
1 Day
- CEU: 0.6
- CPE: 6
- HRCI: 5.5
- PDC: 6
Virtual Seminars:
-
Aug 8
-
Aug 13
-
Aug 19
-
+ 11 more dates
Basic Accounting Skills for the Business Professional
1 Day
- CEU: 0.6
- CPE: 6
- HRCI: 5.5
- PDC: 6
Virtual Seminars:
-
Sep 5
-
Sep 11
-
Sep 17
-
+ 1 more dates
Be the Manager Your Employees Want to Follow
1 Day
- CEU: 0.6
- CPE: 6
- PDC: 6
Virtual Seminars:
-
Sep 5
-
Sep 10
-
Sep 16
-
+ 1 more dates
How to Improve Employee Accountability with Remote and In-Person Teams
1 Day
- CEU: 0.6
- CPE: 6
Virtual Seminars:
-
Sep 6
-
Sep 12
-
Sep 17
-
+ 1 more dates
Employment Laws All Managers Need to Know
1 Day
- CEU: 0.6
- HRCI: 5.5
- PDC: 6
Virtual Seminars:
-
Sep 6
-
Sep 11
-
Sep 19
-
+ 9 more dates
Create Effective Employee Development Plans
1 Day
- CEU: 0.6
- CPE: 6
Virtual Seminars:
-
Sep 10
-
Sep 16
-
Sep 18
-
+ 1 more dates
Leadership & Management Skills for Women
1 Day
- CEU: 0.6
Virtual Seminars:
-
Sep 10
-
Sep 11
-
Sep 19
-
+ 1 more dates
Leading Change in the Workplace
Half Day
- CEU: 0.3
Virtual Seminars:
-
Sep 10
-
Sep 10
-
Sep 11
-
+ 5 more dates
Inspiring Employee Motivation and Engagement
Half Day
- CEU: 0.3
Virtual Seminars:
-
Sep 12
-
Sep 12
-
Sep 17
-
+ 13 more dates