Retaining Good Staff

Retaining Good Staff [Infographic]

Employees are the backbone of a business, so it is important that they remain satisfied in their job.

As many employers have faced losing their best employees, Instant Offices has come up with an infographic outlining how to avoid a high staff turnover by knowing what triggers your team and how to value them. In an improving economy, retaining good staff has become a top priority for businesses. This is because the average turnover cost of a mid-level employee is 150 percent of their annual salary due to the loss of contacts and skills, as well as the time it takes to interview and vet candidates.

Helen Taylor, head of HR at Instant Offices, recommends that if you have talented, hardworking employees, it’s likely that other companies have noticed them. Remember that you have to sell your company to your employees as much as they sell themselves to you. Retain team members by reminding them about the advantages of working at your business and highlighting what makes your office culture special. Do you hand out bonuses? Do you have regular staff socials? Make sure your employees know the perks.

Retaining Good Staff

Leave a Reply
Related Posts
Read More

How to Leverage the Gig Economy for Startup Success

The world of startups is a fast-paced one, and one where the gig economy is a secret weapon for success. Any aspiring entrepreneur is always on the lookout for smart, practical ways to make the...
Read More

How to Calculate Annual Gross Income: A Step-by-Step Guide

Understanding your financial health starts with one critical figure: your annual gross income. This isn't just a number; it's a reflection of your earning power and plays an important role in shaping major decisions.  Whether...