Now may not be the time to get too attached to workers. According to a new CareerBuilder survey, more than 1 in 5 workers (22 percent) are planning to change jobs in 2017. Among younger workers, the numbers are even higher. More than a third of workers ages 18 to 34 (35 percent) expect to change jobs in the next year.
Employee retention is critical to the long-term health and success of your business. So what can you do to make workers stay?
When asked what extra perks would make them more willing to join or stay with a company, the most popular choices workers pointed to include:
- Half-day Fridays: 40 percent
- On-site fitness center: 27 percent
- The ability to wear jeans: 23 percent
- Daily catered lunches: 22 percent
- Employee’s own office: 22 percent
While you may not be able to offer everything on the above list, below are a few strategies you can use to retain your talent in 2017 and beyond:
Provide a competitive benefits package. You’re competing for clients and for employees. Flex schedules, health insurance and specialty insurance (such as disability and life) make a difference when it comes to attracting and keeping employees.
Create an open and honest work environment. Give feedback on work performed and be willing to listen, really listen, to the concerns of your employees.
Get employees’ input: If you want to keep your best and brightest people, involve them in the decision-making process. Not only will it serve to provide different perspectives that can lead to smarter decisions, it will also boost morale,
Provide productivity tools: Ensuring your employees have access to the tools and information they need helps ensure they can do their job more productively.
Recognize and reward good work: Monetary bonuses are always nice, but recognition of a job well done goes a long way to creating good will and loyalty. The most powerful recognition is specific. For example, “good job” is acceptable, but “good job on the rebrand project” is much better.