Why employee retention is so important today
Every working person currently works an average of 1.400 hours a year in Germany. Looking at the demographic development, we are facing busy times. In 35 years, we would therefore have to spend around 200 hours more to distribute the same amount of work to fewer and fewer workers.
This will not be without consequences for the labor market: Qualified skilled workers will find it easier to find a new employer year after year - and willingness to change will grow (LINK to the PM). But convincing employee loyalty is not only 2050 an elementary task of the executives. CompanyThose who already know how to effectively retain their employees will continue to attract the best talents in the future.
Feel-good factor boss
What does workers care about? When it comes to employee retention, I always hear the same criteria: reconciliation of work and life, a good salary, a good atmosphere in the company and in the team.
However, the study "How managers can contribute to the satisfaction of their employees", published by OfficeTeam in March 2014, shows clearly that an important feel-good factor is often overlooked: the supervisor.
Happy in the job: The boss makes it
When employees are unhappy in their job, this often has something to do with the behavior of their supervisor. More than a quarter of respondents (28 per cent) complain about lack of appreciation from the boss. Almost as many are of the opinion that communication between supervisors and employees is insufficient.
In addition, 41 percent of respondents complain that their bosses show too little interest for their employees. According to the study, only one in three executives actively take measures for a pleasant coexistence. However, it is precisely these factors which lead to more satisfaction and to retain employees.
Three advice for your employee retention
Companies that want to tie their employees effectively should pay close attention to the leadership qualities of their department managers. I argue that managers' executive competences are faced with professional know-how. Therefore I advise:
- Maintain an honest praise culture. Make sure that praise does not disappear in everyday life.
- Establish regular and well-prepared appraisal interviews. They help you to recognize at an early stage whether someone has possibly already quit internally. I also recommend conducting an anonymous employee survey every year in order to detect any potential weaknesses and counteract them.
- Train leaders to identify and nurture talent - and how to enable their employees to deliver and succeed.
With these three advice, you will be able to do exactly what the above mentioned students are concerned about. It is no longer enough to offer an attractive salary, flexible working hours or a better balance between work and private life. Effective employee loyalty is not only in the future, but already today the boss!
More knowledge - Podcast, PDF download, eCourse or personal advice
Offline download: Download this text as PDF - Read usage rights, Because we do not automatically submit the title of this text for privacy reasons: When buying in "interests" the title register if support is needed. After buying text exclusively Download at this URL (please save).
Listen to Podcast & Download MP3: You can listen to this text for free, as member even without annoying popup, or download the MP3 for a fee - Read usage rights, After the purchase page refresh, then you will find the download link here. Because we do not automatically submit the title of this podcast for privacy reasons: When buying in "interests" the title register if support is needed.
Your eCourse on Demand: Choose your personal eCourse on this or another desired topic, As a PDF download. Up to 30 lessons with each 4 learning task + final lesson. Please enter the title under "interests". Alternatively, we are happy to put together your course for you or offer you a personal regular eMailCourse including supervision and certificate - all further information!
Consultant packages: You want to increase your reach or address applicants as an employer? For these and other topics we offer special Consultant packages (overview) - For example, a personal phone call (price is per hour).