{"id":20093,"date":"2017-03-14T08:36:09","date_gmt":"2017-03-14T13:36:09","guid":{"rendered":"http:\/\/dev2.www.ipromo.com\/blog\/?p=20093"},"modified":"2023-03-13T13:58:53","modified_gmt":"2023-03-13T18:58:53","slug":"6-employee-retention-ideas-using-positive-reinforcement","status":"publish","type":"post","link":"https:\/\/blog.ipromo.com\/6-employee-retention-ideas-using-positive-reinforcement\/","title":{"rendered":"6 Employee Retention Ideas Using Positive Reinforcement"},"content":{"rendered":"<p>You want your best and brightest to stick around for the long haul.<\/p>\n<p>That&#8217;s why you need employee retention ideas that go beyond just a paycheck.<\/p>\n<p>Not convinced yet?<\/p>\n<p>Just take a peek at the numbers.<\/p>\n<p>According to recent <a href=\"http:\/\/www.gallup.com\/businessjournal\/193238\/employee-recognition-low-cost-high-impact.aspx\">Gallup<\/a>&nbsp;research, employees are 2x more likely to quit their jobs if they don&#8217;t feel appreciated at work, and <a href=\"http:\/\/www.gallup.com\/businessjournal\/186386\/enhances-benefits-employee-engagement.aspx\">&#8220;engaged and thriving&#8221;<\/a> employees are 60% less likely to quit.<\/p>\n<p>This data is sending a clear message to CEOs\u2014positive reinforcement works.<\/p>\n<p>And to drive it home, employee retention programs are shown to <a href=\"https:\/\/www.bersin.com\/News\/Content.aspx?id=15543\">decrease turnover<\/a>&nbsp;by as much as 31%.<\/p>\n<p>We don&#8217;t have to tell you how expensive turnover is. Let&#8217;s dig right into the 6 employee retention strategies you need to know.<\/p>\n<h2>Strengthen Your Company Culture<\/h2>\n<p>Employees want fulfillment beyond payday.<\/p>\n<p>If your company culture consists entirely of clocking in and out, then you&#8217;re at risk of letting some great talent fall through the cracks.<\/p>\n<p>In fact,&nbsp;<a href=\"https:\/\/www.forbes.com\/sites\/joshbersin\/2014\/03\/15\/why-companies-fail-to-engage-todays-workforce-the-overwhelmed-employee\/\">83% of companies<\/a> do not feel they have a culture that <a href=\"https:\/\/www.ipromo.com\/blog\/how-to-increase-employee-motivation-without-increasing-salaries\/\">inspires<\/a> their employees. Fortunately, <a href=\"https:\/\/hbr.org\/2015\/03\/6-rules-for-building-and-scaling-company-culture\">Harvard Business Review<\/a> offers a few tips on how to fix that:<\/p>\n<ul>\n<li>Build your company culture around a purpose.<\/li>\n<li>Create a set of common values that uphold that purpose.<\/li>\n<li>Lead by example. Be the &#8220;strongest representation&#8221; of your company&#8217;s purpose.<\/li>\n<li>Notice great talent and nurture it.<\/li>\n<\/ul>\n<h2>Notice &amp; Nurture New Company Leaders<\/h2>\n<p>The last point offered by Harvard Business Review is definitely worth expanding on, as <a href=\"http:\/\/www.employeebenefitadviser.com\/news\/employees-employers-at-odds-on-career-management-programs\">70% of employees<\/a> are likely to quit to advance their careers.<\/p>\n<p>Let&#8217;s take a look at few tips from <a href=\"https:\/\/www.careerbuilder.com\/advice\/how-to-groom-your-companys-future-leaders\">CareerBuilder.com<\/a> on how to spot and groom leadership:<\/p>\n<ul>\n<li>Identify individuals who &#8220;thrive on change.&#8221;<\/li>\n<li>Implement a leadership mentor program.<\/li>\n<li>Communicate &#8220;leadership paths&#8221; with strong employees.<\/li>\n<li>Provide challenging projects to promising employees.<\/li>\n<\/ul>\n<h2>Employee Retention Ideas For Incentive Programs<\/h2>\n<p>The best <a href=\"https:\/\/www.ipromo.com\/blog\/employees-first\/\">employees<\/a> love a new challenge to flex their skills but that enthusiasm fades when there&#8217;s no reward at the end of the tunnel.<\/p>\n<p>To challenge your team to work harder, you need to implement attractive incentive programs that reward your best employees for their hard work.<\/p>\n<p>Consider the following employee retention ideas for your incentive program:<\/p>\n<ul>\n<li>Commission earnings on sales.<\/li>\n<li>Team-based incentive challenges.<\/li>\n<li>Holiday bonuses.<\/li>\n<li>Profit-sharing programs.<\/li>\n<\/ul>\n<h2>Invest in Team Building Programs<\/h2>\n<p>Holding a team building retreat is a great way to kick off your new employee retention strategy.<\/p>\n<p>Here, both management and staff can let loose through activities that strengthen their network, company purpose, and skills in the process.<\/p>\n<p>Try these ideas at your next team building retreat:<\/p>\n<ul>\n<li>Bowling<\/li>\n<li>Trivia games<\/li>\n<li>Obstacle courses<\/li>\n<li>Hiking<\/li>\n<li>Board game nights<\/li>\n<li>Ice cream socials<\/li>\n<\/ul>\n<h2>Help Grow Your Employees&#8217; Skills<\/h2>\n<p>The more skills your employees have, the more they can contribute to your bottom-line.<\/p>\n<p>This is a win-win opportunity for both employer and employee as <a href=\"http:\/\/www.businessinsider.com\/what-do-you-do-when-you-hate-your-job-2010-10\">80% of employees<\/a> surveyed are not passionate about their jobs.<\/p>\n<p>You can turn this attitude around by trying the following ideas at your company:<\/p>\n<ul>\n<li>Cross-train employees to work in multiple areas.<\/li>\n<li>Offer to pay for specific courses, such as business or accounting courses.<\/li>\n<li>Teach new skills at team building retreats<\/li>\n<li>Periodically assign new responsibilities to your team.<\/li>\n<\/ul>\n<h2>Say &#8220;Thank You&#8221; More<\/h2>\n<p>The simplest ideas are often the best ones.<\/p>\n<p>Ask yourself, when was the last time you said <a href=\"https:\/\/www.ipromo.com\/blog\/use-client-appreciation-gifts-earn-business-win-referrals\/\">&#8220;thank you&#8221;<\/a> to your employees?<\/p>\n<p>If it&#8217;s been awhile, now&#8217;s the time to get back in the habit of saying &#8220;thank you&#8221; on a daily basis.<\/p>\n<p>A recent study found that more than <a href=\"http:\/\/www.eadion.com\/site\/uploads\/OCT-Performance-Recognition-White-Paper-Intl-Updated-2014-01-07.pdf\">50% of employees<\/a> believe that saying &#8220;thank you&#8221; improves trust and communication in the workplace.<\/p>\n<p>Making this simple change can make a world of difference along with the five other ideas discussed in this post.<\/p>\n<p>If you&#8217;re ready to conquer your high turnover problem, make sure to review these employee retention ideas before you go back to the drawing board.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>You want your best and brightest to stick around for the long haul. That&#8217;s why you need employee retention ideas that go beyond just a paycheck. Not convinced yet? Just take a peek at the numbers. According to recent Gallup&nbsp;research, employees are 2x more likely to quit their jobs if they don&#8217;t feel appreciated at [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":20637,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[68],"tags":[],"class_list":["post-20093","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-employee-engagment"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>6 Employee Retention Ideas Using Positive Reinforcement<\/title>\n<meta name=\"description\" content=\"You&#039;ve worked hard to build an awesome team, and you want to keep them happy and healthy! 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