Employee Retention: 3 Strategies for Retaining Top Talent

In 2022, the job market is competitive — especially as employment options shift and remote work becomes more available. Employee expectations have changed and executives must adapt in order to retain employees. Here are 3 strategies for retaining top talent:

Listen

When an employee feels their needs are not heard or met, they begin looking for other opportunities. One of the best ways to retain top talent is to get to know your employees and listen to their needs. Every employee is unique, and therefore, has unique wants and needs.

Sit down with your employees and discuss their professional goals, motivations, and obstacles that may be preventing them from reaching performance expectations. When you have a better understanding of how each of your employees works and what they require in order to do so, you can more effectively fulfill their needs. Employees are more likely to stay with an organization if they feel heard and understood. 

Be Proactive

One of the biggest mistakes executives make is refusing to adapt. Many executives are older and stuck in their ways. “If it’s not broken, don’t fix it.” But sometimes, things are broken and change is necessary — especially as technological advancements are made and markets shift. If times are changing and your strategies and technology are not, this can affect the way your employees do their jobs. If employees feel they are not given what they need to do their jobs to the fullest, they will move on to bigger and better things.

Leaders should monitor industry and market trends, so they can make predictions about what’s to come and make changes as needed. 

Offer Incentives

As we move into “the Great Resignation”, so many employers are left wondering, “Why aren’t my employees staying?” Are you giving your employees a reason to stay? In 2022, good employees know their worth — and if you fail to recognize your employees’ worth, they’ll find someone who will.

There are many ways you can show gratitude for a job well done. In 2022, remote work opportunities have become an expectation. Offer your employees the flexibility to work remotely, if possible. Additionally, many organizations offer great benefits packages that include flexible schedules/hours, parental leave, sick leave, PTO/vacation time, wellness programs, and more. 

With executive coaching, Floro Business Strategies can help you retain top talent! Interested in learning more? Contact us today!

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