• How to improve employee retention in 2020

        • In 2019, 51 per cent of people had planned to move jobs by the end of the year, resulting in many businesses having to redouble their efforts to look for new talent going into 2020. 

          Research shows that January 31st is the day that most people are likely to hand in their notice. As the departure of employees within the first quarter is imminent for many companies, Instant Offices explores the essential factors helping companies retain talent during a year that is already poised to be challenging.

          Remind staff why your company is great

          Company loyalty is on the decline as many people look to change their jobs within the next five years, with only 6 per cent admitting they plan on staying in their current place of employment

          Discuss opportunities for career growth

          The end/beginning of a year is usually when most people reflect on various aspects of their life, and it is not uncommon for employees to feel like they have stagnated or become disengaged at a company, which would make them more likely to quit

          Encourage learning and development

          Both learning and growth should be supported in a company to help employees improve and build their skills. A best practice approach to this is to provide 70 per cent on the job learning, 20 per cent learning from others, and 10 per cent learning from structured training courses

          Improve work-life balance

          This year, work-life balance remains a pivotal factor for many employees who have spent time with family over the festive period. Flexible working options have become one of the most popular benefits offered by businesses, with 63 per cent of employees preferring it other benefits that may be offered.

          Consider offering top performers a little flexibility to work around their schedules, or an earlier finish once a week during the summer months to help retain valuable team members who could be otherwise tempted to leave

          Re-evaluate compensation

          Although there are various methods to boost employee satisfaction without a pay rise, it does make up for a large proportion of contentment within a job. Take some time to review your pay structure

          Recognise accomplishments

          Recognition and appreciation can go a long way when it comes to reducing staff turnover. Research shows that employees who feel valued also perform better, and recognised efforts are more likely to make members of the team feel more valued and committed to a company

          Hire the right people from the get-go

          Taking time to perfect a recruitment strategy ensures that the right people are being hired to fill a position from the start, thus reducing employee turnover rate. People who can hit the ground running will also save on training in the long run as they can start working on tasks straight away

          Utilise employees’ full potential

          People can become despondent at work if they aren’t stimulated. Work should challenge employees to want to continue to learn and develop within their fields, achieving their full potential and excelling

          Share your vision

          Employees who can see the bigger picture for a company and the impact of their work and where they fit in more likely to be more committed to an organisation

        • Stay up to date - Click here and register for FREE Channel Info online membership and enjoy unlimited access to a host of benefits including the exclusive members area of the website, downloadable business tools, current and back issues archive, priority breaking news alerts, weekly e news summary and the Channel Info app

        • Related Articles

        • How channel partners can help spearhead the sustainability charge

          How channel partners can help spearhead the sustainability charge

          Tuesday 31st Aug 2021
          Organisations have been slow to adopt and integrate meaningful sustainability practices. But as pressure from consumers increases, Christina Klein, Head of Global Solution Partners at Lansweeper explains why organisations are reco...Read More...
          Printers aren’t the only hybrid working security risk, says Kyocera

          Printers aren’t the only hybrid working security risk, says Kyocera

          Thursday 26th Aug 2021
          Recent months have seen a spate of high-profile ransomware attacks. As businesses plan for a hybrid working future, print has been identified as an area for scrutiny in the bid to shore up cybersecurity capabilities. According to Kyocera, it is impor...Read More...
          Konica Minolta reveals COVID-19 impact on businesses

          Konica Minolta reveals COVID-19 impact on businesses

          Tuesday 27th Jul 2021
          A Konica Minolta and Keypoint Intelligence IT and business operations pain points study has revealed the depth of security and home working challenges during the pandemic. The COVID-19 pandemic exacerbated the pain points of small and medium-sized b...Read More...
                • About Us

                  Channel Info is the leading source of business news and information for the office dealer and reseller market. Our multi-platform approach delivers relevant, engaging and focussed content via our main printed magazine, supplements, website, digital editions, apps, newsletters and bespoke communications with an unrivalled reach across the industry. A highly trusted and respected brand for many years, the team behind Channel Info has over 60 years experience collectively in the office products, furniture, equipment and technology markets Channel Info continues to develop and adapt in order to meet the changing information needs of its readers.

                  For our latest Media packs and more details on our range of services click here

                • View Latest Issue