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Business Tips

Here’s how to Avoid a High Employee Churn Rate

If you are wanting to learn new ways to be the best boss you can be and avoid your current employees leaving then look no further. Here is a guide on how to avoid a high employee churn rate and be the boss everyone wants to work for. 

Offer Rewards

If you are grateful to your employees and want to show you appreciate their hard work and devotion to your company then you should think about rewarding them. A simple thank you goes a long way in the business world. You could also offer your employees an extra day off throughout the year.

At Christmas and on their birthdays how about you give them a bonus or a voucher to spend on something of their choosing. If your employees feel gratitude this will push them to continue their hard work. 

Having a rewards system is a great way to push word of mouth and get even more great employees working for your amazing company. 

Invest in Training And Development 

When people come to work for you they don’t want to be stuck doing the same thing over and over for years to come. They want to push themselves into going the extra mile and getting that promotion they have always dreamed of. It is only natural that people want to climb the career ladder within your company. As a good boss, you should encourage them to do this and make it as easy as possible. 

Of course, with promotions should come pay rises. If an employee comes to you and asks, how much do hoist operators earn? Then it is your job to enquire if this is something they want to become further down the line. If the answer is yes then take a look and see if there is any training they can do to further their career and personal development. 

Generosity over Authority

Everyone wants to work for a boss that is both kind and approachable. A boss who does those things will have the best employees and continue to gain the best employees as time goes by. Your employees need to see that you are warm and welcoming to all staff. If there are any problems within your company you should be proactive in solving this problem. Problems within your company can cost you money and employees. 

Turn Your Business Green

It has been said that millennials are interested in saving the planet. If your company shows they are sustainable and doing their bit to go green then you will have more people interested in working for you. There are many things you can do to go green, a great place to start would be to conduct an energy audit. This will give you ways you can save the planet and money at the same time. 

One tip for going green would be to send your customers and clients online invoices rather than paper bills. 

We hope this helps you understand the few ways you can keep your employees around and be the best boss they have worked for. 

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