Taking Advice On Improving Employee Retention In Companies All Throughout The United States
From HR strategies for startups to human resource staffing initiatives and human resource consulting firms, there are many places that companies can go for advice. And, with employee retention rates more problematic than ever, HR strategies for startups are more important than ever. Taking advantage of these HR strategies for startups is critical for just about any company, not even just startups for whom the HR strategies for startups are obviously designed.
And these fears surrounding employee retention are certainly not unfounded, as any human resources consultant working in HR strategies for startups can all too easily attest to. After all, more than two and a half million employees had left their jobs by the June of the year of 2015 alone, marking a more than one quarter jump in the number of employees leaving their jobs from just the previous year to that date. In the years that have transpired since, employee retention has continued to be wholly problematic and HR strategies for startups more necessary than ever before.
And the millennial generation in particular has contributed considerably to the problems with job retention here in the United States. They are, after all, known by many as the job hopping generation. This is a label that they have very much earned as a whole, as up to 60% of all currently employed millennial members of the workforce would quickly leave their current job if they were to be offered any sort of better opportunity.
Fortunately, however, HR strategies for startups can help to cultivate a better workplace. Instituting some sort of employee recognition program is one thing that can help – and something that has proven to be quite successful over the course of time. In fact, up to 86% of all companies and places of business that have put such programs into place have reported an overwhelmingly positive outcome. At these companies, employee happiness rose, something that likely had a positive impact on things like overall employee productivity and the quality of the work that employees are producing.
Diversity in the workplace can be good for cultivating a better working environment as well – and producing better results at the end of the day. And though some people are certainly skeptical of this, the data doesn’t lie. This data shows that companies that have striven to include gender diversity will outperform less gender diverse companies by as much as 15%, which is certainly quite impressive by just about any standards. And ethnic diversity is even more critical for overall workplace cohesion and success. After all, companies that have put ethnic diversity as a top priority and now boast a very diverse collection of employees will actually outperform other similar companies that are not diverse by a truly staggering 35% or so, something that shows just how important diversity of all kinds really and truly is.
Of course, simply finding the right employee for a job is one of the most important HR strategies for startups out there. All too often, the hiring process is rushed and the wrong person is hired. Because this person is not the right fit, they are not likely to perform to the standard that is expected and will also likely leave the job relatively early on in the game. Going through an extensive hiring process can be time consuming and draining, but it is certainly something that is very much worth it at the end of the day.
In addition to this, extensive onboarding processes will also be beneficial for overall rates of employee retention. Making employees feel supported and prepared for the responsibilities of their jobs is hugely critical, and an extensive onboarding process can certainly help to make this a reality. For many people, this is very much the key to success when it comes to overall employee retention here in the United States.
The problem of employee retention is a significant one, but it is not one with no solution. With the help of HR strategies for startups, employee retention rates can be improved for many.