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Author: Victoria Cohen, Credits: Amy Latchaw
Our Executive HR Women’s Network recently gathered for a professional development learning session on People Investment – The Risk is Worth the Reward. In this session, Amy Latchaw, Client Services Manager at Group Management Services presented to our members on the best strategies for
Our members were left highly engaged with Amy’s presentation, which truly put a focus on people being the most valuable asset to any organization.
The truth is, if you’re not investing in your people, you’re not investing in the future of your business.
Below are the 9 best retention strategies we learned from this session.
Choose the right people for the right role from the start
Make sure each employee’s value is appropriately compensated, cross-reference the industry standard for the role and industry to ensure that it is competitive
Invest in their professional development through training and networking opportunities
Put an emphasis on leadership, communication, and teamwork skills within your leadership team
Build a culture of trust and openly welcome employee feedback
Give clear expectations and set goals, Do consistent performance and annual reviews to check-in with your employees
Exit interviews help you understand why employees are leaving and lets you know what changes need to be made, stay interviews allow you to interview employees who are staying to learn why they are staying and assess where they see areas for improvement
Get feedback via one-on-one meetings and surveys, and encourage professional work relationships through social activities
Provide flexible work hours or remote/hybrid work opportunities