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Better Work-Life Balance: Introduce options for flexible scheduling and workingfromhome, to ease pressure on employees with family caregiving responsibilities. EmployeeRecognition: Give workers a boost by recognizing them when they put in extra effort on a project.
Managers have regular, informal check-ins with employees to discuss goals, performance, and development opportunities. EmployeeRecognition Programs Reduce Turnover A study by the Aberdeen Group found that companies with employeerecognition programs experience a 31% lower voluntary turnover rate compared to those without.
And till your employees take care of that, you need not worry. If a few of your team members want to take care of the family and workfromhome, be supportive. That way, you would boost not only productivity but also employeeloyalty. Encourage the culture of peer-to-peer recognition. What can you do?
Although most of the categories below can be included in a retention strategy, the big three to think about are: Competitive salaries and benefits – Review your salary structure , bonus programs employee benefits and other employeerecognition programs to see where you have room to make improvements.
But do not worry, we have listed down 5 ways you can reward your employees and keep them motivated. 5 ways to motivate employees of your small business. Adopt an employeeloyalty program. Remember, people (or employees) can make more money but they (or anyone for that matter) won’t be able to make more time.
It may be able to let you know that you have an employee satisfaction problem, but you won’t be able to unpack what factors are most strongly influencing employeeloyalty. Amp up employeerecognition efforts Employeerecognition can go a long way in promoting employee satisfaction.
Years of service awards or service awards celebrate the tenure of employees who have worked with the company for a considerable amount of time. It is a type of employeerecognition method that includes commemorating work anniversaries or years of services (5, 10, 20 years, etc.). Increases EmployeeLoyalty.
Suggested Read : 80+ Employee Appreciation Messages to Boost Morale 2. Flexible work options Offer employees the opportunity to have a "flex day" or "flex hours" where they can choose to workfromhome, adjust their hours, or take a half-day off as a token of appreciation for their hard work and dedication.
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