A high employee turnover rate can be costly and have a negative impact on productivity and morale. It also presents inherent challenges for your workforce because there is often insufficient manpower and gaps in skills, which forces remaining employees to pick up the slack. Here’s how to make this transition period as easy as possible on your workforce.
Communicate
Above all else, it’s critical you keep your staff informed. Let them know what’s going on during all stages of the transition. Be upfront whenever an employee leaves, explain the challenges they may encounter and offer guidance on how to persevere through the process. You don’t need to get down to all of the gory details, but you should strive to maintain a certain level of transparency.
Cross-Train Employees
There’s likely to be a point in time where staff members will need to get out of their comfort zone and perform tasks that they’re not necessarily knowledgeable with. You can reduce friction in your workplace by cross-training key employees who are most likely to stick around for the long haul. While they don’t need to be completely proficient in tasks outside of their immediate range of expertise, some degree of familiarity with multiple positions should be helpful.
Partner With a Staffing Agency
Let’s be honest. Nearly all employees are going to leave at some point. Even your most loyal and dedicated will eventually part ways with your company. One way to keep things afloat and alleviate stress on your workforce is to partner with a staffing agency that can supply you with fresh talent whenever you need it.
These companies are experts at recruiting A+ workers across a variety of industries and will be available whenever the moment strikes. This way you can quickly fill vacant positions without having to do a lot of heavy lifting.
Commit to Minimizing Turnover
According to Willis Towers Watson, “More than one-quarter of employees are in a high-retention-risk category, and only 42 percent of employees say their employer does a good job of retaining talented employees.” This means one thing. A large number of employers need to initiate effort to minimize turnover and increase employee satisfaction.
Although solving the turnover dilemma is complicated, some strategies include:
- Improving the hiring process
- Offering competitive pay
- Offering flexibility (e.g., telecommuting options)
- Acknowledging employee achievements
- Gathering feedback when employees leave (e.g., exit interviews)
For more ideas, check out this resource from The Balance.
A high turnover rate can be toxic to your workplace and puts a strain on remaining employees. Although the points listed in this post aren’t a be-all and end-all solution, they should ease the transition process and make it easier on your workforce.
Make sure your workplace is adequately staffed at all times. Contact Encadria Staffing Solutions today.