For the last decade, voluntary employee turnover has been on the rise across all industries. Employee retention has become a critical component to an organizations’ success, especially as an unpredictable and highly competitive talent market has made it increasingly difficult to replace any employees who leave. Turnover can also be very costly for an organization, with estimates ranging from 30% to over 200% of an employees compensation to replace someone. Some of the top factors causing turnover include:
- Poor leadership (especially an employees direct manager)
- Lack of development opportunities
- Compensation & benefits package
- Company culture
- Team dynamics and relationships at work
- Lack of clear vision, direction, and purpose
How We Can Help
Strategies to Improve Employee Retention
Have you ever heard the phrase “employees leave manages, not companies“? While this is a very broad generalization, many different studies show an employee’s direct manager is the top influencer on if they stay at or leave an organization. Regardless if you have a great overall company culture and competitive compensation, if you have poor managers throughout your organization, this could be hurting your retention. On the flip side, if developed properly, the leaders at your organization could be your greatest competitive asset in improve employee retention. Frontline Training Solutions can help you develop individual leaders through one of our leadership development programs or we can help you take a broader approach, developing a customized leadership development model for your entire organization through our consulting services.
An organization’s overall culture can encompass many different factors. Overall, to impact your ability to attract and retain employees, you want to become an Employer of Choice and your culture is a key piece of this. To take your culture to the next level you may need to take a step back and look at the vision and purpose that drive the organization and evaluate if your employees are connected to this purpose. Or you may need to look at the mindset of leadership and employee care that is being lived out by your managers. There is no one size fits all approach to improving your culture. Through our human resources consulting, we can help you determine your best next step on your culture journey to being impacting your employee retention.
Healthy teams communicate, collaborate, trust each other, and utilize all the talent on the team. They maximize and elevate one another’s creativity and problem-solving ability. Teams who do not know how to work together can become siloed and territorial, show decreased employee engagement, and higher levels of turnover. Focusing on the overall development of the team working together can be just as powerful as individual development of team members and leaders. Frontline Training Solutions can help you evaluate where your team is at currently and create an engaging plan to take your team dynamics to the next level.
Your employees (especially the best ones) want to continue to develop their skills and abilities. Ongoing employee development is about more than just creating a career path. Today, employees at all levels want to be continually invested in, want to learn new things, and want to experience new challenges. This can happen through on the job training, mentorship programs, and outside training programs for professional development.
Your Customized Solution
Improving employee retention will look different for each organization and industry. Whether you need to implement formal training programs, evaluate your compensation and benefits, or improve your culture, Frontline Training Solutions can help you take the next steps. Browse our solutions below or contact us today to get started.
Rise to the Challenge with Frontline Training Solutions
Our Supervisor Boot Camp training provides the practical tools, tips, and techniques necessary for your frontline management to thrive in the day-to-day battle of frontline leadership.
Take conflict from being a workplace dread, to an asset. Transforming Workplace Conflict helps learners curb destructive behaviors in the moment so conflict can become more productive.
Working Better Together is an in-depth training that utilizes the DiSC assessment, to give employees the ability to build more productive and effective relationships at work.
The Vanishing Workforce 2022 - Free Webinar Recording
Frequently Asked Questions
The direct supervisor is often the first person a new employee meets beyond the human resources department. They need to make a great first impression with every new hire. They must be open, friendly, honest, up-beat, available, and a good listener. They should be a resource of knowledge and training, company vision and goals, and organizational policies. They also need to be an employees guide to the organization’s nuances and unspoken dynamics.