While employee satisfaction is an important and relevant point that all businesses must place emphasis on, a small business in particular, has more cause than larger companies to focus on keeping employees happy. Small businesses generally don’t have the resources to pick up the slack when turnover occurs, not to mention the fact that recruiting, hiring, and training a new employee costs significantly more than retaining current employees.
It isn’t always easy, though, to understand exactly how to go about reducing employee turnover and keeping your existing employees happy. The good news is that there are some things you can do and the processes you can implement to achieve employee satisfaction for your small business.
Discover What Is Behind Employee Turnover
If you find yourself in a position where employee turnover has increased in your small business, the first thing you will need to do is evaluate what is behind such an occurrence. It is no secret that the top reason for a worker leaving their current employment is typically related to compensation and benefits, there are many more reasons that go beyond money.
Some employees might not be appreciative of the culture that exists at your company. Others might not have understood entirely what their job would entail when they came on board and are thus unhappy with the situation in which they have found themselves. Whatever the reason may be behind the uptick in employee turnover, you will simply be flying blind unless you find a way to uncover those reasons.
One way that you can do just that is by conducting an anonymous employee wellbeing survey. Because many people would naturally shy away from issuing a formal complaint directly to their superiors out of fear of putting their current position in jeopardy or of risking a positive reference when they search for a new job, an anonymous survey is a perfect way to get honest thoughts and opinions from your workers.
Create a Positive Workplace Culture
The environment in which your employees work every day is essential. Most people would struggle to work adequately in a toxic or overly competitive workplace culture. If you are experiencing significant employee turnover, it might be time to evaluate the culture of your office.
As the leader at your small business, so much of the culture at your company hinges upon the environment that you actively create and promote. Are you communicating with your workers in the best ways possible? Have you made for an environment where everyone’s voice is valued and where your workers know that they matter? If not, you might need to take a good look at what you are projecting to your employees.
Other things that might be contributing to a negative work environment that is not related to the things you are doing in that regard include the other people you have working for you. There might very well be a specific employee making things difficult for everyone else.