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3 Tips for Decreasing Employee Turnover in Your Small Business

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One of the biggest problems that both small and big business owners currently face is the increase in the overall employee turnover rate. Statisticians have even termed the current surge in turnover as the Great Resignation, especially in America where corporate jobs seem to be taking a hit. 

However, small businesses are the worst affected by this for two reasons. One, they don’t have the funds to deal with a huge turnover rate and two, they also don’t have the resources to constantly hire and retrain new employees. When money, manpower, and time is a constraint, it’s important to do everything you can to keep the business running. 

In this blog, we’re going to cover some of the lesser known aspects of managing employee turnover and how you can decrease that in the upcoming months and years – let’s get right into it. 

1. Find the root cause of the problem

This is the first thing you’ll need to do when you start noticing an increase in turnover, or at least predict that it’s going to increase in the upcoming months.

Figuring out why a majority of your employees are unhappy, or are looking to switch to another workplace can help you narrow down on the root cause of the problem, and then think of ways in which you can eliminate the problem or fix the issue your employees are facing. 

However, if you skip this step, you may end up giving your employees solutions for problems they aren’t facing, while completely ignoring the main problem at hand. At the end of the day, you would have invested time and energy in solving problems that didn’t exist rather than focusing on the problem at hand. 

Some of the best ways to find out what some of the honest problems employees are facing are by taking regular anonymous surveys and also communicating with them about their fears, doubts, and questions.

Having weekly Town Hall sessions has been proven to increase employee engagement, especially because they feel like their voice and problems are being heard rather than just filling in endless surveys online. 

2. Employee recognition

It’s a great idea to implement an employee recognition program if you don’t already have this in place. By recognizing your top performers and hard working employees, you’re helping them feel appreciated for their efforts while also motivating them to continue giving their best for the company. 

In most cases, employees quit their jobs when they no longer feel recognized or start feeling burned out. However, with the help of thoughtful gifts and tokens that you can find on sites like Ablerecognition.com, you’ll be able to fix this issue in no time.

Some of the best ways to reward your employees while also making sure that others don’t feel underappreciated is by being completely transparent with your rating system. 

Whether you’re awarding them for their consistently great performance, highest sales success rates, or simply for completing a project that did really well that year – be very specific and open about how the decision was made.

This will not only make them feel more proud about their achievements, but will also prevent others in the company from feeling left out or like their work wasn’t noticed. You can also be open about it during performance reviews and talk to your other staff on how they also stand a chance of winning such awards based on a few changes in their performance. 

All in all, it can be very useful when it comes to building a healthy work environment where people feel like their work is actually noticed and appreciated. 

3. Make sure managers are approachable

Very often, it’s not the company that makes people leave but their specific managers who don’t treat them right. You may pride yourself on having a great work culture and environment, but you also need to have a look at how different managers are running their teams. 

With the onset of the pandemic in 2020, the traditional work culture went through a huge shift and flexibility became the norm. Right now, employees have become accustomed to flexible routines for over 3 years and expecting them to go back to rigid restrictions can make them want to shift to a healthier environment. 

To avoid unhappiness in the workplace, make sure managers are generally flexible and lenient when it comes to letting employees work from home a couple of days each week, and also allow them to go on vacation or take days off if they need to.

Taking paid time off is part of their package, and as long as it isn’t being abused, they should be allowed to use their leave days before the year ends. 

Concluding thoughts

It just takes 3 things to ensure that your employees are satisfied and will not look to move anytime soon:

  • A good work-life balance
  • Recognition for a job well done
  • Approachable management and flexibility when it comes to remote work

Todayville Content Team works with a wide variety of clients to develop compelling content solutions. Our experienced team develops strategic campaigns that use video and storytelling, digital advertising and social media to help our clients position and distinguish themselves in the market.

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Blue Jays Keep The Hot Stove Burning After Massive December Moves

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The Toronto Blue Jays are certainly keeping things interesting this winter. While the calendar might say late December, the front office shows no signs of slowing down. They have already made waves across MLB with some massive acquisitions earlier in the month.

Rather than packing it in for the holidays, the management team is seemingly working overtime. Their goal is to build a roster that can truly compete for a championship in 2026.

Although there are no more signing announcements for the end of the year, the silence is likely temporary. Reports indicate that the team is actively pursuing several more roster improvements before the new year begins.

A Rotation Built To Dominate

The team made their intentions clear in early December. They successfully signed Dylan Cease to a massive seven-year, $210 million contract. This deal, which became official around December 8, instantly transforms the Toronto rotation into one of the strongest in MLB.

Moreover, they did not stop with just one big arm. The front office added significant depth by bringing in KBO MVP Cody Ponce on a three-year deal worth $30 million. This gives the team a level of stability that was missing in previous seasons.

With such dramatic changes to the roster, fans might be looking for a clear overview of licensed Ontario sportsbooks to understand how these moves have impacted the team’s championship odds. It is certainly a different looking team than the one that ended the last season.

Targets for the Bullpen and Lineup

It seems that the focus has now shifted from the starting rotation to other needs. Agents around the league note that the Jays remain “everywhere” in trade talks. The priority is now on finding high-leverage arms and position players to round out the squad.

The front office is reportedly looking at several specific targets:

  • Robert Suarez is a primary target to help lock down the late innings.
  • Luke Weaver is being considered to add veteran versatility to the staff.
  • Depth pieces for the lineup are being sought to support the core hitters.
  • Internal extensions remain a key part of the winter strategy.

Due to the heavy spending on Cease and Ponce, these next moves will likely be strategic. The team is looking for the right fit to complement their new stars.

The Future of the Infield and Management

Conversations are actively continuing with free agent Bo Bichette. Bringing him back is a major topic of discussion among the fanbase, even if no deal is imminent yet. Furthermore, the team has been linked to prospect Kyle Tucker, suggesting they are keeping an eye on the future as well as the present.

Manager John Schneider has also expressed optimism regarding his own contract extension. However, he made it clear that building the team comes first. Therefore, while the heavy lifting might seem done, the work continues behind the scenes.

To be sure, the MLB offseason is long. But the Toronto Blue Jays have started fast, and they seem determined to finish strong.

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BCU Financial: A Trusted Credit Union for the Ukrainian Community in Canada

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We wanted to know what to do if you came to Canada for temporary or permanent residence. Many Ukrainians have arrived in the country, and many don’t know where to begin their financial journey. People often turn to traditional banks, where they encounter problems due to a lack of language skills and basic understanding of Canadian financial processes. We found an alternative – a credit union in Toronto. Today, we’ll look at one of the most well-known and learn more about what they have to offer Ukrainians.

What is a Credit Union in Toronto

These organisations differ from the typical bank for Ukrainians. They offer more flexible conditions, convenient online management, and a personalised approach.

However, these organisations are just as safe and reliable as banks. Let’s look at reliability using the example of the well-known BCU Financial:

  • With over 70 years on the market. This credit union in Toronto has a dedicated client base with decades of experience.
  • Extensive experience. Indeed, over more than 7 decades, its specialists have become experts in financial matters.
  • Branches available. You can visit the office for face-to-face interaction.
  • Active in the social life of the Ukrainian community. Buduchnist Credit Union provides financial support to schools, churches, and communication centres for Ukrainian newcomers.

As you can see, such companies have stability and experience. Now let’s look at how they differ from banks in financial matters.

Ukrainian Credit Union Toronto: Differences from a Traditional Bank

Firstly, such organizations welcome a personalized approach to Ukrainians. They are more flexible when it comes to obtaining a loan. Newcomers in Canada are working on receiving a good credit history. Banks always request one when reviewing a loan application.

Secondly, you can receive advice in your native language. Most Canadian banks don’t have multilingual consultants and respond only to inquiries in English or French. If, for example, you need help with a scholarship card, you’ll have to call a translator.

Third, you’ll get more flexible and understated banking for Ukrainians. It includes the ability to submit an app online. It provides such services as ordering credit cards, applying for a loan, or opening an account.

Conclusions

Credit unions are much easier for Ukrainians to work with. They speak your language, can provide advice on finances and their specific needs in Canada, and offer flexible terms. They also provide full-fledged online banking, so familiar to Ukrainians. You also become part of the community because, as a credit union member, you are, to a certain extent, its co-owner.

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