Employees are the key to success for any business or organization, and retaining top employees is becoming more and more challenging in today’s “Great Resignation” environment. According to the latest Bureau of Labor Statistics report, nearly 4.5 million people quit their jobs in November, a record high, with unemployment levels reaching record lows. It’s an employee job market with significant competition for the best talent.
How can you increase your retention rates? Competitive salaries and benefits are table stakes. Employers who place priority on engaging employees and providing meaningful, purpose-driven work will be the winners in this competitive landscape.
Saxum strongly believes that employees who have a positive emotional connection to their employer and feel a sense of purpose in their jobs will have high job satisfaction and drive long-term success for the organization. We believe focusing on these six areas will lead to an engaged workforce and increased retention rates:
- Gathering feedback early and often
- Educating your team on your organization
- Recognizing and celebrating your team members
- Activating and empowering your employees to connect
- Offering opportunities for collaboration
- Serving your team and the community
Download this free resource to help you and your organization assess your employee engagement and retention efforts. If you’re looking for a partner to help you along the way, please contact us. We’re ready to help!