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Havre Job Service Employers'
Committee Employer Resource Guide
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Low Cost and Other Retention IdeasTaken
from an article by: Dave Laber, PHR, Low Cost Retention Ideas
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Do you allow your employees the ability to balance work/home life with a
flexible work schedule or compressed workweek?
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Do your employees understand “why” their job is important?
How their role in your organization contributes to the bottom line?
·
Does their supervisor appreciate their efforts?
Equally important, do they know your organization appreciates them
for being an employee? ·
Does the supervisor and your organization value your employees’ ideas,
suggestions, or comments for improvement? ·
Does the supervisor trust and respect them? (Two way street – don’t
assume your compensation alone will create loyalty, trust, or respect.
You need to earn it!) ·
Do your supervisors act like coaches or mentors, or do they resemble
“Drill Sergeants”? ·
Do your employees have a genuine say or permission to make improvements
on how they perform their jobs? Other Retention Ideas
o
Effective
new employee orientation program o
Profit-sharing o
Retention
bonuses o
Pay for
performance o
Job
rotation o
Job
sharing o
Telecommunicating
o
Vacation,
sick leave, or paid time off o
Competitive
compensation and benefits o
Health
insurance (usually listed very high on surveys) o
Cafeteria
benefits (allows for choices) o
Retirement
benefits o
Stock
options (awards and purchase) o
Long term
care o
Consider
offering part-time employees access to same benefits as full time employees
(same cost or pro-rated) o
Training
(job related and self development – tuition reimbursement) o
Physical
fitness programs o
Financial
planning o
Child
care / elder care benefits (on site daycare or subsidized cost of day care) o
Legal
services o
Paid time
off to volunteer o
Company
matching of charitable contributions o
Adoption
of a casual dress code o
Concierge
services o
Campus
environments (cafeterias, convenience stores, ATMs, day care centers, locker
rooms and showers, gyms, and game rooms) o
Sponsor
social activities during the work day vs. traditional company events o
Company
sponsored charity event (send a team) o
Stay in
touch with alumni (former employees – newsletter – job opportunities) o
When
employees leave, encourage their success (self-employment or otherwise – ask
them to stay in touch and to consider reapplying for future positions with your
company) o
Communicate
programs to employees (what they are and how can they be accessed) o
Ask your
employees what can be done to improve the workplace, benefits, and programs
offered |
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