Employee retention is now a critical HR issue. One 21st-century solution? Remote workers, so the hiring pool is more extensive than before. This blog is for you if you are a business owner dealing with employee turnover.
Below are some of the best employee retention tactics you will need, especially if you are tapping into the pool of remote workers. Together, the tactics answer the question: How do you retain employees on an enterprise-wide scale?
Adopt a remote-first working model
Remote work is a retention tactic. If you are considering hiring remote workers, you already have an advantage! A remote-first approach means you encourage remote working as the primary preference for all employees. This approach is a great way to boost employee engagement and involvement.
Most workers appreciate having the option to work remotely. However, some fear that remote work could put them at a disadvantage in terms of relationship-building and career development opportunities. To break this stigma, when adopting a remote-first model, emphasize valuing all employees, whether they are with you in-house or only seeing them in virtual meetings.
Make your company information easily accessible
You also need an excellent documentation process if you have a remote team. Plenty of workers need help finding information that has not been well-organized within the company’s shared files for documentation.
To make information more easily accessible, consider using some different tools. A cloud-based system can help employees access everything from anywhere. It would be best to have a server to share everything remotely – one that is robust and accessible. Among the other tools, you should also have something like Asana, where you can track projects and tasks. You may also investigate timekeeping software to see how many hours your employees spend on specific tasks. This type of software helps to organize schedules and resource planning.
Offer alternatives to regular health insurance
Extended benefits and insurance are delicate topics when it comes to remote workers. Not offering health insurance is a disadvantage and a reason you might need help with employee retention. Everyone values their health and well-being, so you need to look for alternatives to health insurance, no matter where your workers are.
An HSA health spending account for employees is a cost-effective alternative to regular health insurance plans. It allows workers to put money away and withdraw it tax-free as long as they use it for qualified medical expenses (deductibles, coinsurance, copayments, etc.). When your workers appreciate the additional benefit, they will be more likely to stay with the company. Offering this alternative to the traditional health insurance model, one that works in their favor will also help you boost your brand’s image and credibility.
Offer opportunities for growth
Everyone expects upward mobility opportunities from their employers. This expectation includes remote work positions, so you need to follow a plan acknowledging and rewarding their hard work. However, remember that most remote workers are willing to wait up to 2-4 years for a promotion. From pay increases to title changes, there are numerous ways to boost talent retention.
When applying for jobs, people look for growth opportunities. In today’s competitive business landscape, professional development is a massive concern for remote employees. No matter your worker’s gender, educational background, or location, you must create room for horizontal and vertical employee growth.
Allocate a budget for wellness programs
Workplace wellness is essential. It ties directly to productivity and can help remote workers prevent virtual burnout. Allocating a budget for wellness and health-related programs is a great way to support their physical and mental well-being. Employees can use this budget for gym fees, yoga classes, meditation, and other wellness-related activities.
A monthly or annual budget is a great way to set expectations and allow everyone to choose their activity of preference. As long as the exercise directly improves their health and well-being, it benefits both the employer and the employee. You can always surprise your team with a 30-minute online meditation session and similar activities.
Summary
Innovative strategies are the best way to promote a culture of retention and to build motivated and productive teams. By offering remote working options, you are far ahead of other workplaces. To enhance that competitive advantage, the more you invest in programs and find ways to boost employee productivity, the more likely your workers will be loyal to your mission and remain with you and your business.
Are you a business owner who wants to pick up human resources skills? It’s one way to improve employee retention, increase productivity, and motivate the employees you depend on! Click to learn more about Cudoo’s course HR for the Non-HR manager.
Ciara Byrnes reports on digital marketing. She helps an over-stressed audience of marketers and business owners to keep up with the pace of change in their industries. To center herself, she has become a wellness enthusiast. She has reached new heights, like practicing morning yoga on the porch of her family’s summer lake cabin. Her wellness low? She has failed to convince herself that wheatgrass is actually yummy.
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