4 High Impact, Low Cost Retention Tips
You don’t need a bottomless pit of resources to keep your team thriving. But you do need to be consistent and people focussed. It’s the small, human moments that make the biggest difference in showing your team that you care.
Listen, and actually act on it
Regular feedback is great, but acting on it is important. Teams need to feel heard and see action. Whether that’s through quick wins or longer-term changes, closing that loop builds trust. It tells your team that you value their input and you’re willing to evolve as an organisation.
Necia shares:
“Staff surveys and engagement days give staff a voice to feed into our future planning and for us as a business to continuously improve.”
“We keep the business informed via an all-staff virtual meeting monthly where they can raise questions to the Executive team – either by asking or anonymously via Menti. This enables transparency in our decision-making."
Recognise achievements
Celebrate your wins, big or small! Create simple ways to say thank you – shoutouts in team meetings, a notice board or even peer nominated awards. It reinforces positive behaviours, boosts team morale and creates a culture where effort it valued and rewarded. Small ways of consistent recognition go a long way in motivating teams.
In fact, well-recognised employees are 45% less likely to leave the company after two years, and 47% less likely to be searching for another job.
Invest in development
When you offer mentoring, encourage job shadowing and keep having those conversations about career progression and growth, it sends a strong message that you believe on growing the team from within. It helps to prevent stagnation and reduces the risk of good people leaving just to advance somewhere else.
Studies show that a whopping 94% of employees would stay longer with a company that invests in their development!