At one time or another, every Miami employer has to deal with turnover. But let’s face it. That doesn’t make it any less disruptive when it happens to your company. With turnover, your remaining staff members have to compensate for the person who left. In addition, once a new person is hired, there’s a learning curve and it takes some time before the newbie is truly productive.
So while some turnover is inevitable (and even good if an employee has been performing poorly), there are ways to avoid high turnover and effectively deal with it when it does happen to your Miami company. Here are five tips.
Tip 1. Offer competitive salary and compensation.
If your employees find out that they’re being paid less than the industry average, you could be in trouble. To ensure you’re offering competitive compensation, work with your Human Resources department, or with a Miami staffing agency to evaluate your compensation and benefits package. If the compensation you’re offering isn’t in line with the industry average – and you can’t afford to increase salaries at this time – then consider offering employees some additional perks, like an extra vacation day, the ability to telecommute, or flex time.
Tip 2. Reward employees for a job well done.
There’s nothing more frustrating for an employee than when they get to work early, stay late, and truly go the extra mile to complete a project – and all their hard work goes completely unnoticed. Make sure you reward employees who go above and beyond. Not only will you show them that you appreciate their hard work, but you’ll also motivate them to continue aiming high. The reward can be something as small as a thank you note, or something larger, like a performance bonus. It’s up to you to decide what’s appropriate.
Tip 3. Promote from within.
When you promote from within, you’re showing your employees that not only will they be rewarded for hard work and ingenuity, but also that there’s room for growth within the company. So when they’re ready to advance their careers, they don’t need to look outside the company. On the other hand, positions that are considered “dead end” jobs typically have the highest turnover rate.
Tip 4. Give employees the opportunity to continue learning.
One great way to improve your benefits package, while also grooming future leaders, is to offer to pay for a continuing education program, or an advanced degree. If you’re worried that an employee will leave the company once they’ve completed the degree, then tie this benefit to longevity. For example, employees can enjoy this benefit as long as they commit to working for your company for at least three years after completing the degree.
Tip 5. Work with a Miami staffing agency.
Like we stated above, turnover is a reality for every company. But there are ways to minimize its impact on productivity and profits. By working with a staffing agency in Miami, you can 1) fill the skill gap with a temporary worker while you’re searching for a replacement, and/or 2) shorten your search for highly skilled full-time employees.
If you’d like to learn more about how a staffing agency can help you, please contact Future Force Personnel. Since 1992, our Miami staffing agency has helped thousands of clients find qualified and reliable talent on a short-term, seasonal, and full-time basis.