{"id":2469,"date":"2016-10-07T09:52:19","date_gmt":"2016-10-07T14:52:19","guid":{"rendered":"http:\/\/kbicblog.com\/blog\/healthcare-finance\/?p=2469"},"modified":"2016-10-06T17:03:51","modified_gmt":"2016-10-06T22:03:51","slug":"retain-your-employees","status":"publish","type":"post","link":"https:\/\/kbicblog.com\/healthcare-finance\/client-resources\/retain-your-employees\/","title":{"rendered":"4 Ways to Retain Your Employees"},"content":{"rendered":"<p>Great companies reward success and earn the respect of their employees. But in today\u2019s fast-paced and competitive world, it\u2019s not always easy to keep your employees happy. That being said,\u00a0it\u2019s worth the effort if you want to retain them in the long term. A <a href=\"http:\/\/kbicblog.com\/blog\/healthcare-finance\/candidate-career-resources\/traits-of-a-top-employee-what-makes-a-good-employee\/\">happy employee<\/a> is a more productive and\u00a0more loyal employee.<\/p>\n<p>While attracting talent in the first place is a crucial step, you also have to work hard to retain those employees. After all, losing an employee means that you have to look for a replacement (leaving the important position vacant) and train them \u2013 not to mention the ways in which turnover can disrupt your company\u2019s culture.<\/p>\n<p><a href=\"http:\/\/www.gallup.com\/poll\/188144\/employee-engagement-stagnant-2015.aspx\" rel=\"nofollow\">A 2015 Gallup poll<\/a>\u00a0revealed that a whopping two-thirds of employees are dissatisfied with their jobs. To make sure your employees don\u2019t become part of that statistic, you\u2019ll want to take a few strategic actions:<\/p>\n<h3><strong><img loading=\"lazy\" decoding=\"async\" class=\"alignleft wp-image-6082 size-medium\" src=\"http:\/\/kbicblog.com\/blog\/higher-education\/files\/2016\/10\/celebrate-300x169.jpeg\" alt=\"4 Ways to Retain Your Employees and Keep Them Satisfied \" width=\"300\" height=\"169\" \/><\/strong>1. Celebrate Your Team\u2019s Wins<\/h3>\n<p>Many employers make the mistake of thinking employee satisfaction is entirely dictated by how much they\u2019re getting paid, but that\u2019s not always the case. It turns out that what employees really crave is appreciation and recognition.<\/p>\n<p>And it makes sense: Who doesn\u2019t like feeling appreciated?<\/p>\n<p><em><strong>Follow Healthcare Finance on <a href=\"https:\/\/twitter.com\/HCFinanceKBIC\">Twitter<\/a>!\u00a0<\/strong><\/em><\/p>\n<p>This can be applied to many different aspects of life, and it all comes down to the simple fact that it feels good to be recognized for your efforts. It may sound cheesy, but the truth is that many people want to be appreciated in the workplace.<\/p>\n<p>Even a generous pay rise will soon be forgotten if working conditions don\u2019t improve dramatically, and one of the biggest influences on working conditions is a boss who recognizes and rewards hard work.<\/p>\n<p>Making your best employees feel appreciated is crucial for keeping your employees engaged in their\u00a0jobs. By recognizing hard work and being transparent in doing so, you\u2019ll also help motivate other members of your team.<\/p>\n<h3>2. Offer Creative Perks<\/h3>\n<p>With so many companies offering perks like free lunches and education stipends \u2013 and others going\u00a0so far as to fund employee vacations \u2013 it\u2019s becoming clear\u00a0that perks can be a great way to attract and retain talent.<\/p>\n<p>And the good news is that you don\u2019t need to break the bank to offer great perks.<\/p>\n<p>If you get a little creative, you can offer your employees some awesome\u00a0perks no matter how slim your budget is. Take telecommuting, for example. It would cost nothing to allow your team to work from home for part of the week, and it would give your employees a much-needed sense of independence and freedom.<\/p>\n<p>Perks are great ways to show that you care about your team, and even small (but creative) perks can go a long way toward creating a better atmosphere in the workplace.<\/p>\n<h3>3. Provide Employees With New Responsibilities to Keep Things Interesting<\/h3>\n<p>As much as people sometimes like to say they hate being busy, the truth is that the alternative (read: sitting around doing nothing) is just plain boring \u2013 not to mention a waste of money for your business.<\/p>\n<p>Boredom is one of the most common problems in the workplace, and it\u2019s often brought on by poor management and allocation of resources.<\/p>\n<p>While you definitely want to allocate the talent in your business to the tasks they\u2019re best suited to, it\u2019s also important to offer employees the chance to take on new and exciting projects. Don\u2019t be afraid to mix things up! Top performers enjoy pushing their boundaries because they\u2019re always looking to get better at what they do.<\/p>\n<p>Encourage your employees to occasionally step outside of their comfort zones and try new things. This will prevent them from sinking into\u00a0stagnant and tedious routines.<\/p>\n<h3><img loading=\"lazy\" decoding=\"async\" class=\"alignleft wp-image-6083 size-medium\" src=\"http:\/\/kbicblog.com\/blog\/higher-education\/files\/2016\/10\/company-meeting-300x224.jpg\" alt=\"4 Ways to Retain Your Employees and Keep Them Satisfied \" width=\"300\" height=\"224\" \/>4. Keep People\u00a0Informed<\/h3>\n<p>A disengaged employee typically has no interest in the company they\u2019re working for and looks forward only to their monthly paycheck.<\/p>\n<p>An engaged employee, on the other hand, has a genuine interest in the company\u2019s mission and where it\u2019s heading. An engaged employee feels a connection to the business as a whole.<\/p>\n<p>Keeping your employees informed will make them feel better connected to the organization. Getting them involved in the inner workings of the company will help them better relate to your business while giving them\u00a0a greater sense of responsibility and purpose.<\/p>\n<p>I\u2019m not saying that you need to hold meetings every hour of the day. Aside from\u00a0one-on-one\u00a0talks, you can keep people updated by making internal company announcements whenever you hit new milestones. It\u2019s that simple.<\/p>\n<h3>5. Offer Raises and Bonuses<\/h3>\n<p>This one may sound obvious, but it\u2019s been a workplace staple for a long time for a reason.<\/p>\n<p>While it\u2019s essential that you don\u2019t get into the habit of trying to buy company loyalty through constant pay raises and bonuses, it\u2019s also important to reward hard work financially.<\/p>\n<p>Employers also need to take into account cost of living adjustments, such as increases in public transport fares\u00a0and tax rates. When it comes to salary increases, the most important factor of all is that the increase is <em>useful\u00a0<\/em>to the employee in some way.<\/p>\n<p>In order to retain your employees and attract new talent on a regular basis, it\u2019s crucial\u00a0that you never underestimate the importance of employee happiness.<\/p>\n<p>Sure, it can be tough to find the perfect balance, but the more you work at it, the more your employees will see that you care \u2014 and the healthier your business will be.<\/p>\n<p><em>Hannah Wright is a marketer for <a href=\"http:\/\/www.hrpartner.io\/\" rel=\"dofollow\">HR Partner<\/a>, a cloud-based HR management software.\u00a0<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Great companies reward success and earn the respect of their employees. But in today\u2019s fast-paced and competitive world, it\u2019s not always easy to keep your employees happy. That being said,\u00a0it\u2019s worth the effort if you want to retain them in the long term. A happy employee is a more productive &#8230;<\/p>\n","protected":false},"author":26,"featured_media":2470,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"ngg_post_thumbnail":0,"footnotes":""},"categories":[310],"tags":[569,326,570,571],"class_list":["post-2469","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-client-resources","tag-4-ways-to-retain-your-employees","tag-client-resources","tag-employee-retention","tag-employee-satisfaction","column","threecol","has-thumbnail"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>4 Ways to Retain Your Employees and Keep Them Satisfied<\/title>\n<meta name=\"description\" content=\"While attracting talent in the first place is a crucial step, you also have to work hard to retain those employees to keep them satisfied.\" \/>\n<meta name=\"robots\" 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