One of the biggest challenges businesses face today is employee engagement and retention. Workers are bouncing between jobs at a rate twice as high as they were a decade ago and company culture is often the reason given for leaving, or taking, a job.
In a Harvard Business Review study, recent college grads cited “people and culture fit” as the number one thing they look for in a potential employer. Given these trends, you cannot ignore the importance of offering a positive and attractive company culture. Here is my list of top five trends that will shape company culture in 2017.
The new feedback model is also expanding to include the whole team, not just managers. Shout-outs can be given to anyone, by anyone, anytime something good is happening. This promotes harmony between departments, a diversity of voices and strengthens an employee’s support system. Celebrating project milestones, or employees meeting their quarterly goals, can become company-wide recognition events that solidify the workforce and build confidence in employees’ ability to meet new challenges.
Then, back that up by giving your employees the opportunity to enroll in courses or attend seminars that can improve their skill set. This will not only fulfill a need for personal growth but also benefit your business as they perform better in the long-run. Also, consider offering cross training to your employees. Teaching them the skills needed to perform job functions outside their own will add flexibility and efficiency to your workforce. Learning different skill sets and aspects of the business keeps employees interested, fosters team spirit and increases loyalty.
Whether it is through yoga breaks, free food, campus fitness centers or unlimited vacation, companies who cater to employees’ personal needs stand out as more attractive to those seeking balance.
Nurturing a strong sense of company culture is essential to attracting, and keeping, the top talent in any industry. Use the tips provided above to give your business the edge in this competitive market and combat rising employee bounce rates. Here’s to maintaining high employee morale and retention in 2017!
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