How to Decrease Employee Turnover

Employment solutions expert talks employee retention and ‘on-boarding’ new employees

Employee TurnoverEmployee turnover can be very costly, yet employee retention rates have been decreasing in recent years. In fact, one recent study found that one-third of employers expect to lose employees this year. So, what can companies do to better retain their top talent?

Rob Wilson, President of Employco USA and employment solutions expert says, “Employee retention is no longer as simple as giving your workers adequate compensation for their efforts. In order to keep top-performing talent on staff, employers really need to make an effort to stand out from the crowd and make their firm a place people want to work.”

Wilson says that “on-boarding” is one way to make sure that employees stick around. “On-boarding is a new term which H.R. professionals are using to describe the way in which companies can help new employees have a smooth introduction to the team. It’s an ongoing process that lasts far beyond an employee’s first day, and it’s meant to help keep workers engaged and inspired, which in turn can help increase employee retention rates.”

The employee engagement expert says that on-boarding should be done with intention and foresight. “You should chart out your employee’s first 3-6 months with the company,” says Wilson. “You want to integrate them into the firm and make them feel like they are part of a community, rather than just another cog in the machine. You can do so via social engagements, in-office mentoring, and team building exercises. On-boarding is quickly becoming part of every progressive and forward-thinking company, and it’s one way to help keep employees from feeling disengaged.”

For more on this topic, please contact Rob Wilson at rwilson@thewilsoncompanies.com.