What’s The Secret Behind Retaining Your Best Employees? | Part 2

In the previous article, we discussed a few important factors that play an important role in employee retention. There are ways in which you can ensure that your best employees stay with your organisation for long. In this article, we will talk about a few other factors that help you in retaining your best employees and empower them to keep performing year after year.

Step away from the 40-hour workweek, it’s dying

Gone are the days when employees had to punch-in at work at 9 in the morning and check out before 5. To be honest, it’s not only because times aren’t as strict as before but because work has become more challenging and exciting now.

No hardworking millennial would want to work under restrictions. They want their own creative space and freedom to achieve the goals that they set to succeed. Millennials, in fact, are diligent. They can have a laid back attitude at times but it doesn’t mean they won’t finish a task under short deadlines. Moreover, they are more than willing to go the extra mile and work long hours but putting them on a schedule under time boundation isn’t something they appreciate.

It’s not even about work. If you enjoy doing something then it’s important to follow a routine and maintain discipline. However, if you are only allowed to do it within time restrictions then eventually you fall out of excitement. So, 40-hour workweek is practically dead. Nobody wants it. Nobody needs it. This is because the best team players perform when they are free and not under restrictions. There isn’t really a specific time period during which they perform. They may come across a great idea at 12 in the night or even 4 in the morning. All you’ve got to do is allow creative freedom and flexibility so you can rest assured that the job will be done before you even know it.

Standardise expectations to improve productivity

This is possible when you treat all employees equally and don’t provide special treatment to any one particular employee or a team. This way, all employees receive fair treatment and nobody will get a chance to misuse or abuse a privilege. It isn’t quite easy to maintain such a level of management where there is absolutely no bias in the system but it isn’t impossible either. There are many ways in which you can ensure that you are consistency and transparency across teams and individual team members.

In the end, everybody wants and needs more care

Care for your people. Make them feel like you want them to work for you. Nobody likes to be taken for granted even if you’re the one who pays their salaries. You treat your best employees well and they will contribute in ways that are beyond their potential.

Survey results show that more and more employees are beginning to experience that their employers care for them and their work. This experience should only keep getting better with time because work is never going to slow down and everybody is chasing success.

So, amidst all the tension, anxiety, pressure and the purpose to reach to the top, it only makes sense to show some amount of care and consideration because human touch is irreplaceable. Human emotions overpower any amount of money or benefits that come with technology. In the end, we need someone to care for us, especially at the workplace. When we fix this, we don’t worry about retention anymore.

Conclusion

Build a purpose-driven organisation where your people follow their dreams, not restrictions. We live in an amazing time where people are free, at least in the majority of the countries. They want to explore more with their skills and contribute towards the success of your organisation. In fact, you want such people to work with you who are passionate and love taking ownership. This way your A-players and best team players will stay with you for long. That’s what helps you increase your retention.

Reference articles from Forbes-

  1. https://www.forbes.com/sites/allbusiness/2019/02/27/employee-retention-tips/#23208619714f
  2. https://www.forbes.com/sites/hayleyleibson/2018/01/25/the-power-of-purpose-driven/#273098975dca
  3. https://www.forbes.com/sites/jaysondemers/2015/05/15/why-the-40-hour-workweek-is-dying/#1ae0cd2049c6