Business News

Building Business Bridges - 6 Ways to Boost Employee Retention in your Company

  • Written by News Feature Team

Employee satisfaction is something that is absolutely vital to any successful company.

After all, your workers are the fuel that drives your company, so having happy and satisfied employees is a surefire way to boost your business to the heights that you want it to reach. So, how do you go about actually keeping your employees happy or boosting your employee retention?


In this article, we will share 6 simple ways in which you can do so. Keep on reading to find out more!

1. A Simple Gift Goes A Long Way 

You may think that a tiny gift would not be enough to boost employee retention, but you are wrong. Even the simplest of gestures that you show to your employees can reap great results. Giving your workers corporate gifts once in a while, or treating them to a team lunch once a month is a fantastic way of showing your appreciation for them and their work. When employees feel like their hard work is appreciated, they’ll feel fulfillment as well as a sense of job satisfaction. These are the key ingredients in building a long term employee.


2. Offer Training


Sometimes, employees may feel left in the dark or incompetent if there are new technologies or systems in place that they do not understand. Making an employee feel redundant is a sure way to walk them out the door, so always ensure that all your workers are offered sufficient training to upgrade their skills once in awhile. Not only will this build an air of confidence in your staff, but the skills that they learn will help build your business up as well.


3. Pay Your Employees Well


If employees feel like they are not paid enough for the amount of work they are doing or are responsible for, then they are more than likely to leave and join your competitors. This is something you definitely want to avoid, so always ensure that employees are paid well.


Recognise effort, skill and talent and give people raises when they have done a consistently good job. It is better to pay an employee more than to replace them - it can cost as much as 30-50 percent of an entry-level employee's annual salary just to replace him or her.


4. Allow Employees To Have Fun


Employees that are allowed to have fun whilst working, or in their work environment, end up being a lot more passionate, productive and enthusiastic about their jobs. When people feel engaged in their work, and not like a robot or just another cog in the wheel, they feel an overall sense of fulfilment, and will most definitely avoid joining your competitors any time soon.


5. Remember The Little Things


You have no idea how special you can make someone feel if you remember their birthday, get them a tiny cake or sing a team birthday song for them on their special day. Often in large companies, people do not think or feel like they matter enough, so showing them that they are indeed an appreciated member of staff can go a long way. Even if it is just a Christmas card or a box of chocolates on their work-anniversary day, a little goes a long way.


Recognising your employees can truly contribute to boosting the success of your business in the long-term. Find out how you can grow your company with your employees through recognition today!


More Articles ...

  1. Decathlon Group: Global sporting brand announces Australian launch
  2. What Apple’s Retail Outlets Teach Business About the Importance of Presentation
  3. Dawine To Deliver Nationwide Within 4 To 48 Hours
  4. The Starter’s Guide to Launching Your First Business
  5. An audience cannot engage on facts alone
  6. The marketing weapon clever companies are keeping in their arsenal
  7. Emily and Nat founded Sleepy Starz to provide sleep solutions
  8. gotU Saves You
  9. Jeff Poe: The five things you must have in your CV to get the job you want
  10. Tamir Vigder: Every entrepreneur needs a good mentor
  11. Brett Flower: Being an SME business manager is riskier than people think
  12. Nerium International Celebrates Brand Centre Opening in Adelaide
  13. Unveiling ‘The New Glen’s’ $490 million transformation
  14. 5 Questions to Ask a Potential Lawyer Before Hiring Them
  15. We're all connected so how do we engage the connected consumer?
  16. Jeff Poe: Job seekers need to embrace technology in order to get ahead
  17. The Copyright Agency award support Authors & Artists
  18. The humble apple keeps chronic pain, arthritis and many other nasties away
  19. Improve the energy-efficiency of your business with these handy tips
  20. Australia Post and Alibaba partner to help local businesses export to South-East Asia
  21. The Development Drain - 5 Simple Ways to Reinvigorate Your Office
  22. Credit Card Debt Consolidation
  23. Australia suspends raw prawn imports
  24. Using smartphones for business
  25. 3 Ideas for Enhancing Collaboration Between Staff
  26. Initiative helps more young Australians start their own business
  27. How to Hire Labour Services for Your Company
  28. National CAREGiver of the Year awarded to top performer from Home Instead Senior Care
  29. Learn About the Ten Benefits of Social Media For Your Business
  30. Call for Entrepreneurship Facilitators
  31. Sargents Pies Charitable Foundation
  32. Wealth inequality shows superannuation changes are overdue
  33. Senator Michaelia Cash releases Labour June force figures
  34. Manheim invests heavily in its Sydney operations
  35. Digital Future Leads Investment Round in Rallyware
  36. Jos de Bruin COSBOA's 2016 small business champion
  37. Taxi Lineup expands its operations in Australia
  38. Famous Aussie ‘Lambassador’ Sam Kekovich joins the Australian Made Campaign
  39. Five ways to make the most out of your tax return
  40. NewVoiceMedia research reveals how Australian businesses are driving away customers
  41. Secure your MBA for half the cost and half the time
  42. Online shopping habits of Australian consumers
  43. Compumedics Brain Imaging Deal Opens Access to $4B Market
  44. Hawai'i Tourism Launches First Consumer Brand Campaign for Australia
  45. Australian Government welcomes release of fifteen year infrastructure plan
  46. Business Blueprint is the best friend of SME's.
  47. Why PR should be your number one business resolution in 2016
  48. Building a workplace relations system for the future
  49. Strategic relationship agreement between MoneyPlace and Auswide Bank

Brava Lingerie

Brava Lingerie’s Customer Service The Perfect Fit; 2018 eftpos ARA Australian Retail Awards winners When Lin Windram and daughter Maxine launched Brava Lingerie 12 years ago due to their own negati...

Australian handmade soaps woo China buyers

Natural handmade soaps are experiencing a boom across mainland China with households prepared to pay a premium to buy them.    Driven by a growing disillusionment with cosmetics products that contai...

How to Improve the Work Environment for Employees

As an employer, there are many things it takes to hold a business together. As well as ensuring you market it and keep a steady stream of income, managing your employees effectively is also critical...

Guiding you Safely with AustralianCasinoClub

If you’re hunting for the very best advice on the Australian casino industry, we have found an interesting and informative site for you to visit called AustralianCasinoClub. In this guide to one of ...

Fusion Sport raises $3 million to drive global expansion

Fusion Sport, a global leader in human performance management software, has raised more than $3 million to expand its global sales and marketing capabilities.   The funding round was led by Sydney...

Changes retailers must make to attract more online shoppers

Research reveals the changes retailers need to make to attract more online shoppers   3 in 4 (74%) shoppers need free returns to incentivise them to do all their shopping online 65% want to be ...


George Neophytou - Don’t be taken for granted

George Neophytou George Neophytou, independent candidate for Gippsland East is concerned our electorate is being taken for granted. For too long Gippsland East has been the electorate that Labor...

Prime Minister's media conference at Glenelg


Canavan calls out Shorten’s resources schtick

Resources Minister Matt Canavan has called on Labor to state one clear position – just one, not two or three - on the future of Australia’s thermal coal industry.   Following a string of confused ...


The Best Moment of Your Life from Lonely Planet

Discover 100 Life-Changing Travel Experiences with The Best Moment of Your Life from Lonely Planet What’s the best moment of your life? It’s a simple question to ask, but a more challenging one t...

Travel expert Anthony Goldman outlines what's trending for elite travellers

LOVERS OF LUXE DRIVING TRAVEL TRENDS   Travel expert Anthony Goldman outlines what’s trending for elite travellers in 2019 and beyond…   Media Release – 15 October 2018 - Travellers are splurgin...

End of year travel can deliver big benefits if booked on certain credit cards

With more than 56% percent of the Australian population now owning a passport, it is no surprise the Australia Government recorded over nine million trips overseas at 2017 financial year end.   A wh...