Boost Employee Retention

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If your turnover rate is high, you are losing money. Learn how to retain those good employees!
Employee Retention

As we said recently, at SmartPayroll Solutions, we do much more than payroll. We watch trends and keep in touch with our clients. We know their struggles. And one common struggle is finding and retaining good help.

Recently, we published tips on hiring right the first time, followed by good advice on onboarding that can set your new hires up for success. In this article, we are looking at employee retention.

Your New Hire is Fantastic!

Don’t lose them to the competition!!

  • Communicate: Take time to talk directly with your new hire. More importantly, listen and find out how they are doing in the new position. If there are problems, try to help find a solution.
  • Evaluate: Regular performance reviews will help your employee reach their full potential. Make sure you point out their good qualities as well as opportunities and share your plans for helping them grow.
  • Inclusive Environment: Giving your employees online access to payroll and time and attendance tools offers transparency and will help them feel like they have some control.
  • Motivate: In today’s environment, with 5 generations in the workplace, motivation isn’t always easy. Here are some helpful tips.
  • Provide Benefits: Comprehensive employee benefits are not just for big businesses. We have affordable options and can help you design and manage a competitive benefits package.
  • Employee Wellness: Implementing an employee wellness program can help reduce the cost of health insurance, improve employee retention, boost productivity and improve quality. Plus it’s the right thing to do!
  • Be Flexible: Where possible, allow flexible work schedules and remote work opportunities.
  • Evaluate Culture: Today’s workforce is different, no doubt, and may require a change in culture. By taking the time to listen to your existing employees and new hires, you can develop a culture that promotes employee engagement and loyalty.

If Your Turnover Rate is High, You’re Losing Money

Maybe it’s time to ask for help. If you are subscribed to our HR services, you have access to tools to help you communicate, train and retain your employees. If you are not subscribed, contact us today, and let’s get started!

Nationwide Payroll and Human Capital Management

HCM services for businesses in the Southeastern Region


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