Adopt an effective recruitment process
According to a survey by Deloitte, 22% of staff turnover occurs within the first 45 days of joining an organization. This involves clearly defining job requirements, identifying the essential skills and qualities sought in candidates, and developing rigorous selection methods. By carefully assessing candidates, we can ensure that their hard and soft skills match the company's culture, thereby reducing the risk of unsuitable hires and lowering turnover.
Encourage internal mobility
The second easily-activated lever for reducing turnover is to offer career development opportunities tailored to the interests and skills of your employees. This can take various forms, such as promotions, tailor-made training programs or even professional retraining opportunities. By offering a variety of development solutions, organizations can not only retain their talented employees by offering them growth prospects, but also strengthen their commitment and job satisfaction.
Valuing employees' work
Recognizing and rewarding employees' contributions and achievements in a regular and transparent way, by implementing recognition programs, financial or non-financial rewards, and offering positive feedback on a job well done, organizations can reinforce employees' sense of appreciation and belonging. This appreciation helps to increase employee motivation, commitment and loyalty, which in turn helps to reduce turnover by creating a supportive and rewarding work environment.
Improving their quality of life at work
To reduce turnover, we need to think about improving employees' quality of life at work. This includes aspects such as flexible working hours, work-life balance, a healthy and safe work environment, as well as wellness and stress management programs. A supportive work environment where employees feel supported, listened to and respected, organizations can foster employee satisfaction, motivation and loyalty, helping to reduce turnover and maintain a stable, productive workforce.