What does employee disengagement and employee turnover have in common? They both cost organizations millions of dollars annually. What else do they have in common? High rates of disengagement and employee turnover are preventable in many situations with the right steps to address them. The results of disengagement and employee turnover are further compounded by talent shortages. The tight labor market has made recruiting more difficult across all industries. This means that replacement costs when employees leave is even more expensive for organizations.
Preventing Disengagement and Turnover
It might be easy to think that organizations and managers have no recourse for persuading employees to stay if they want to leave. But, according to a recent study, this may be untrue in quite a few cases. Here are the statistics:
This means that managers maintain the power to improve employee engagement and reduce employee turnover. Here are a few simple things that managers can try:
- Plan regular review meetings.
It can be difficult for managers to make the time for individual review meetings on a regular basis. But having a regular 30-minute meeting with your employees on a monthly or quarterly basis can profoundly impact employee engagement.
- Provide constructive feedback.
Constructive feedback shows employees that you, as their manager, are taking notice of their actions and taking an interest in them. By offering advice for how to improve, this creates a mentorship-like connection and can help to improve your relationship with your employees, thereby increasing employee engagement as well.
- Talk about job satisfaction and the future.
Don’t be afraid ask the question about job satisfaction. Be prepared to keep an open mind and truly listen to the employee’s feedback. Even if you can’t change the circumstances of an employee’s role, lending a listening ear can make a world of difference. It’s ok to have an open and honest conversation about where the employee is going at the company.
- Give employees a pat on the back.
Sometimes all it takes is some positive feedback or a moment to say thanks for doing a good job. A simple gesture of gratitude or praise can have a positive impact on employee engagement and can improve job satisfaction.
Managers and companies have the power to make a significant impact on their employee’s engagement and reduce employee turnover rates. If you’re looking for more ways that your staffing agency can improve employee engagement, learn more about TempWorks Buzz, the staffing industry’s first native mobile app for employee engagement. Buzz now features geofencing and facial recognition features to improve the employee experience for time and attendance.
Contact us today for more information on how to improve engagement for your temporary employees.
- Gallup, 2018, Want to Improve Productivity? Hire Better Managers
- Gallup, 2019, This Fixable Problem Costs U.S. Businesses $1 Trillion