Against turnover and for happy employees

Satisfied employees are undoubtedly the key to a successful company. If they are not happy, they will look elsewhere for work, and you may lose a really capable person and increase your turnover rate. In this article, we’re going to look at just how to help keep your employees happy, and thus keep your company turnover rate at bay.

What’s up with the turnover

Turnover can be of two kinds. The first is desirable turnover, which indicates an asset to your company – that is, someone new coming in who has a wealth of experience to pass on to others on the team. But today we’re going to focus on undesirable turnover, which stems from employee dissatisfaction and employees who begin to leave the company.

What causes unwanted turnover

Unsurprisingly, one of the biggest causes of employee dissatisfaction is poor financial compensation. This can be combined with other common factors such as long distances from the workplace, little flexibility, limited opportunities for personal development or inappropriate management style.

Is turnover healthy in your company?

A common turnover rate is between 5-15% of employees per year. If you’re stuck at a lower rate, your company is stagnant and not thriving. Higher rates put your business at risk, especially in terms of financial losses. You will spend sums of around a few hundred thousand crowns on recruiting and onboarding new employees.

Help your employees

Now that we’ve covered the reasons why employees are dissatisfied, let’s focus on how to prevent it and what we can do to prevent employees from leaving and thus increasing turnover.

To make everyone feel at home

The environment we are in has a strong influence on our mental health. Adjusting it should not be underestimated, as a pleasant environment can rapidly increase employee performance by up to 20%. If you don’t want to embark on costly renovations, just add a few plants to the rooms, control the ventilation in the office and provide a quality light source that is good for the eyes. Your employees will also enjoy a coffee machine with quality coffee and healthy snacks. For added relaxation, you can create a relaxation zone at work with a foosball or dart board.

Communicate and give feedback

For general satisfaction in the company, it is important to set up internal communication. This can take various forms – both on a common notice board and in the form of meetings. It is advisable to use communication portals to facilitate the transfer of information. If employees are constantly informed about everything, they will not be so afraid to talk about things openly, and as a result, any problem will be solved at its beginning. For example, in Plusco’s communication portal, the News and Updates module facilitates communication, so that employees know about everything important that is happening in the company. Communication is also helped by team activities, where everyone strengthens relationships and gets to know each other better.

The Competitions module in Plusco is an effective way to get involved in the company and strengthen relationships. For example, you can create a guessing contest for an extra day off and motivate your employees to be more active. The Gallery module, where you can share your shared experiences, also helps to strengthen the team.

Don’t forget about feedback. This helps your employees to discover their strengths and weaknesses. Moreover, it will help in the future development of both them and your company. If you let people know how they are doing on a regular basis, they will have a sense of concern on your part, which will add to their satisfaction.

Evaluate your employees in a relevant way and don’t forget about benefits

As mentioned above, money is a common reason for job dissatisfaction, especially at a time when food, rent or energy prices are rising. If employees are underpaid, they feel frustrated and lose motivation. Benefits can also be an additional reward, but they must be practical and up-to-date. But be careful never to compensate for underpayment with them!

Is everything working as it should?

You’ve changed the working environment, started communicating more and maybe even got a pay rise. But how do you know that your employees are really happy and that you have done your best for their well-being? Get their feedback!

Talk to them in person

By meeting your employees in person, you can show them that you care about them and that you care about their opinions. However, it’s possible with this form that people may be shy and not be completely honest with you, and you won’t get the feedback you want to move you forward.

Satisfaction questionnaires

A common way of getting feedback is by completing satisfaction questionnaires or surveys. These will help you reach out to everyone in the company, and the anonymous mode ensures that employees are more likely to open up and give their honest opinions.

To get feedback, you can use Plusco’s Questionnaires module, which allows you to create large-scale satisfaction surveys and simple polls to get your employees‘ opinions quickly.

You can combine both approaches to show your employees you care, while getting relevant feedback that can in turn move you forward.