Many companies have experienced an economic fallout due to the pandemic, which changed the organization’s working culture to a great extent. Enterprises are forced to adapt to the “new normal” work culture.
Training and engaging remote working teams can get challenging. Lack of employee engagement is one major issue and can cause loss of work productivity, wastage of resources, and an increase in employee turnover rate.
Top performers resigning out of the blue can impact other employees as well, in turn, increasing the turnover rate. Employee turnover is costly and a high rate can create a negative atmosphere, especially with remote teams.
One of the biggest challenges that several companies face is retaining their trained top talents for a longer period. Unfortunately, many companies fail in their efforts. Lack of having an effective employee retention strategy is the reason for this failure.
1. Create a smart Onboarding Process
According to Glassdoor, companies with a strong onboarding process for new hires improve their retention rate by 82%.
A good onboarding program creates a bond between your new hires and the organization. The quality of your onboarding process can make or break your new hire retention. Organizations woo high-performing candidates with promises of high benefits and growth opportunities to get them onboard. However, many companies fail to keep their promises, resulting in employee churn.
Remote employee onboarding is completely different from your traditional onboarding process. You must understand the best practices followed for remote onboarding and make your processes smart & effective.
The onboarding process must focus on educating employees in the beginning stages and also provide them access to this information throughout their job tenure.
2. Identify employees who’ll stay the course
How can you identify the right candidates that are more likely to retain? First, you can look for applicants with longevity at their earlier jobs. HR managers must look beyond what's written on their resumes. For example, examine factors like loyalty, perseverance, and engagement.
More than 37% of HR managers say that new employees will stick around longer if they were better informed about their job descriptions during the hiring process. Being transparent and open is crucial in finding the right candidate for your company.
So, ensure hiring managers are being honest with the candidates and clearly defining your expectations from them.
Hire employees with the right attitude, who can be highly productive, are team players, and can improve the overall work culture.
3. Create flexible working arrangements
Flexible working arrangements attract employees because it gives them the space they need to work comfortably. Since employees are working remotely, managers cannot expect them to be in front of their systems all day long.
In the new normal work culture, offering flexible work hours is key to promote a healthy work-life balance for employees. Some of the benefits of creating flexible work schedules include improved employee performance, increased employee engagement, and retention.
An interesting finding,
Flexible work arrangements are one of the best employee retention strategies that not only make your employees feel productive and motivated but also help in retaining them.
4. Make learning and development a priority
With several complex applications being adopted by enterprises each day, L&D is expected to be an ongoing activity. Employees quitting the job because of insufficient L&D opportunities can leave a bad mark on the company.
According to LinkedIn’s Workplace Learning Report, 94% of the workforce stays longer if a company invests in professional development. Employers must invest in employee L&D and provide a clear path for their career advancement which is a great employee retention strategy. It makes your employees understand that they are an essential part of the organization’s growth and success.
Remote working culture is steadily becoming the new norm and providing L&D for geographically dispersed employees has become a challenge for enterprises. Companies must find an innovative way to train and keep remote employees engaged.
5. Leverage the right technology
Choosing and leveraging the right software stack for your enterprise helps make employees’ jobs much easier and thus improves their productivity. The right software and processes can provide employees a more frictionless work experience. A Digital Adoption Platform is your one-stop solution to enable self-paced learning for the employees.
A Digital Adoption Platform like Apty can create interactive software walkthroughs to train your remote employees on any enterprise application. Without overwhelming your remote employees, Apty’s step-by-step guidance helps them learn while doing their jobs. This on-the-job training solution that Apty provides, increases employee engagement and improves productivity by 40%.
To get deeper insights on how a Digital Adoption Platform can be the perfect tool for managing your remote workforce, check out our blog on Remote Workforce Management.
6. Get feedback and take immediate action
Provide opportunities for employees to submit feedback about their experience at the organization. When employee feedback becomes a regular part of the business process, you can expect more positive outcomes. By collecting employees’ feedback you are halfway through, reacting to it immediately is what really matters.
Employees who feel their voices are heard are 4.6 times more likely to feel empowered to perform their best. Identify employees’ issues and help them resolve their own missteps by offering necessary tools.
7. Recognize and appreciate the best performers
Rewards & recognition also contribute a major part to a good employee retention strategy. Employees who are appreciated and rewarded for their hard work are more likely to stay longer. Unfortunately, more than 80% of the American workforce say they do not feel recognized or rewarded.
Managers must validate employees’ efforts and those who stand out must be appreciated and rewarded.
Create a structured rewarding program that can align with the organization's values and goals. In a remote working culture, create a virtual team meet-up and reward the best performers routinely.
Employee retention is considered one of the biggest challenges that organizations face and every business eventually has to deal with it. A good paycheck alone cannot make your employees happy. Your workforce cares more about how they are treated and valued at an organization.
Having an innovative employee retention strategy in place engages and motivates your employees to do better, improving the organization’s overall performance. When your remote employees feel happy and valued, they eventually become your talent ambassadors.
The above-mentioned are the 7 best employee retention strategies to help increase remote team members’ job satisfaction. Employers must re-evaluate these strategies often and maintain a strong employer-employee relation.