Are you finding your candidates are using your company as a stepping stone for their careers? That can be a costly investment on your part, particularly if the trend is greater than just an engineer or two. If you find yourself in this situation, it’s time to take a serious look at how to transform your employees into long-term placements.
Make Employee Retention a Priority
First of all, it’s important to recognize that your staff is your most valuable resource. Recruiting and hiring is a necessary part of building a high-functioning team, but retaining your top talent is also critical to maintaining a high-functioning staff. Employee retention should be a well-communicated and supported corporate priority. By focusing on retention, you can increase positivity and motivation of your employees, reduce unnecessary turnover costs, and make sure your projects are staffed by experienced and trained workers for the long term.
Focus on Engagement
Retention requires investing in your current workforce and making sure they are interested in their work, feel their efforts are valued and have the resources they need to be successful on the job. Engagement leads to commitment and loyalty. Employees who are invested in their work and the company are more likely to perform better and stay with the company for extended periods of time. In order to keep your rock-star employees engaged, you should connect with them regularly about their work experience, their goals and their engagement level.
Stay Competitive in Your Market
In today’s job market, employers are the ones competing for top talent. They need to offer competitive compensation packages and appealing benefits to ensure their top performers feel appreciated. Successful retention strategies can include regular cost of living raises, well-rounded retirement plans and a strong corporate culture of rewarding long-term employees. Today’s modern worker wants to know that their employer sees the value in a positive work-life balance and values employee health and wellness. Engineers show loyalty to the companies who appreciate their efforts and work hard to keep them, so make sure you provide them with the sort of environment where they feel valued in their current job.
Think of Their Future Too
Keep in mind each employee has a different way in which they feel appreciated, and it is the task of their managers to pin down how their employees should be rewarded for their successes. Think long term in their career-planning conversations. Provide them with the professional development and learning opportunities that will support them in their search for growth with your company. If you don’t provide them with the path to success internally, chances are they will go looking for that path externally.
Looking for more ideas on how to retain your top engineers? Contact Verum Technical today to build a retention roadmap that will ensure long-term staffing success.