It is very big deal for the majority of us if we go to a restaurant and we decide to order something different for the first time in our life. The second after your order is placed some of your thoughts dwell upon why have you ordered something different today? Or like I should have ordered my usual dish etc. You may well feel a little remorse inside you. After minutes of waiting, the waiter brings out the new dish you ordered, you take a bite of it and to your surprise it is superb and fantastic.
This feeling is the same feeling we experience after we hire someone who is capable beyond our expectations. There is a lot of satisfaction in finding the best talent who can easily understand the processes and culture of your company.
In the view of some of the managers the difficult step is to find the employees that can exceed their expectations and can perform a kickass job. True talent is tough to find literally it is like finding diamonds. But still it is not finding them that is the most difficult aspect. To tell the truth the hardest part of them all is to make the employees stay in the company also known as generating employee retention.
Gallup conducted a study according to which, the statistics on the United States employee engagement (2018) showed that despite the fact that there has been an increase in employee engagement of up to 35%, 17% are entirely disengaged, and 54% are in the category of being ‘not engaged’. Almost half of the American employees usually quit their old jobs as soon as they find a better job.
There are three effective techniques for employee retention if you are managing one employee a few individuals, a fully distributed team or you are between the job hiring process. These techniques are as follows:
Make an onboarding strategy
Onboarding is the main challenge that is faced by distributed companies. During an effective onboarding process, the new employee learns what the expectations for their initial performance really are. It takes a remote employee 6 to 7 days to get onboard according to DistantJob. Introducing the team, making sure the employee has the knowledge of all specific tools and setting up a time-zone availability window are the things to keep in mind during this onboard period.
Onboarding allows the employees to feel empowered and connected with the company on how to perform their tasks. One of the most important things to do at first is to make the new employees feel part of the company. Many pieces of research have shown that when employees are correctly onboarded, there is a 59% chance that they will remain in the organization after three years. So, if you don’t have any plan or a strategy for accomplishing this, it is possible that you will end up losing some of your best employees.
Tip: It is a very big mistake to think that the employees will figure everything out on their own.
Communication is compulsory for employee retention
Many books pretend to sell the magic formula to make the income rise or the last invention for replicating a company’s output. Which is very good, what we all want is to earn money, to have a better business and to produce more. In order to have a good company, it is important to have concrete bases in simpler aspects, like in communication.
Communication seems to be an obvious yet simple element. Nevertheless, in a distributed workforce, it is one of the major pillars that the businesses require to take care of. The leaders should have a two- way communication in the business environment.
Prioritizing communication allows managers to have effective leadership by increasing confidence and trust. It tends to make the employees and the employers have the need to give productive feedback, with the purpose of continuously improving and growing.
We have to keep in mind the thing that communication isn’t only sharing ideas and talking. Listening is also a very important part of it. Employees are eager to be a part of establishments where they can build their own identities and can have a voice. According to many studies, a key factor in retaining employees is to give them the feeling that their voice also matters. Employees who feel comfortable speaking up and sharing their views are more likely to stay with the company.
Applying a life and work balance motto
“Work hard and play hard” is one of the most motivating yet clichéd and common quotes of all time. The goal of the majority of the people is being able to travel, to buy a house, to create a business, to eat the best food. They have to work very hard to achieve these goals.
It is true that the virtual teams incline to be more dynamic and they work extra hours. They are the rulers and leaders of their time. When they are at home, they have fewer distractions at home which allows them to focus more on their work.
The employees will highly appreciate If their managers respect their weekend days, vacation time, and reassure them to take breaks during duty hours and to work only during their 8 hour time (or the hours mentioned in their contract,) this is something that will be highly appreciated. There is no doubt that the hard-working employees give exceptional results, but so do the ones that have a balanced life.
Do not take your employees for granted
One of the most common mistakes is the managers thinking that their employees would always stick with them. The entire world is their market place and that is why the world has a lot of opportunities for them, especially if they are working remotely. That is the reason that one of the most operational employee retention strategies that are used by the managers is very simple: It consists of maintaining a relationship with their employees and caring about them and their work.
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