What You Need To Know About Improving Employee Retention Rates

If your company or place of business is struggling in some way to retain employees for the long term, it is important to know that you are not alone. As HR executive search firms and all Human Resources professionals are likely already aware, the matter of job retention has become largely problematic all throughout the country. And as HR executive search firms and other such Human Resources consultants know, this is only a problem that is continuing to grow and grow.

After all, the data that has been gathered on the subject very much backs this up. This data shows that up to two and a half – more even – million people had already voluntarily left their jobs by the time that the June of 2015 had come to a close, marking a more than 20% increase in the same from the year prior. And in the time that has passed us by since, this problem has only continued to become more and more severe. After all, data also shows that more than half of all millennial workers are actually more than willing to leave their current jobs at the drop of a hat, should they be offered a better one – and up to one fifth of all employees will leave their current position after only being employed in it for less than two months, on average.

Fortunately, as HR executive search firms know, there are many ways to combat this problem of job retention – and some of them are even through the use of HR executive search firms directly. After all, properly vetting prospective employees and going slowly through the hiring process to make sure that everything is done as thoroughly as possible is something that is quite hugely important. Taking the steps to do this can ultimately make a world of difference for many people out there, and can lead to more successful hires on the behalf of many companies, all through the use of HR executive search firms and other such organizations in this field.

In addition to this, supporting employees and recognizing their hard work and efforts and, of course, their achievements is also something that is quite hugely important. In fact, more than 85% of all companies that recently instituted some kind of employee recognition program have seen positive impacts in overall employee happiness. Of course, this overall employee happiness not only means that employee retention rates are likely to improve but that everything from productivity to overall job performance and work quality will also rise – and sometimes by quite the considerable amount, especially if overall happiness rates started off quite low.

Unfortunately, too few employees are actually feeling this level of support. Only around one fifth of all employees throughout the country have actually, as of the current date, reported feeling supported and encouraged to do their best possible work by their bosses or higher ups. Because of this, far too many employees are also not likely to be particularly invested in the work that they are doing, something that is driving, in many ways, the low rates of employee retention.

Of course, HR executive search firms also know that this is not the only problem causing the problem of employee retention. In addition to this, a lack of diversity can also – and has also – contribute to a lack of employee retention in far too many a workplace. And there are many other benefits to cultivating diverse workplaces, so much so that every workplace should be taking steps to incorporate this diversity more fully throughout their departments. In fact, incorporating gender diversity into your workplace can actually improve your work quality by as much as a full 15%. And ethnic equality can actually improve it by even more – by a full 35% or so in some cases.

Employee retention is a problem in many a workplace all throughout this country, there is no doubting this fact. Fortunately, there are many steps we can take to combat it, as HR executive search firms know and are growing more and more aware of as time continues to pass on. For many companies, small changes are likely to end up making a difference.