When you’ve been maintaining with us these past few months we’ve been spending lots of time talking in regards to the shifts within the macro economy, the labor market and current uncertainties that we’re all facing. It’s obligatory for all of us to return to fundamentals. Jason unpacks what that appears like externally here but today let’s speak about an internal fundamental: worker retention.
Worker retention is critical to constructing and growing a successful business. The long-term advantages of retaining key employees are limitless – cost reduction, enhanced productivity, increased institutional knowledge and development of expert employees amongst others.
But hey, I’m not here to sell you on why worker retention is so imperative to the success of your corporation. As a substitute, let’s concentrate on something that has a direct impact on driving healthy worker retention and that’s your culture.
A survey from Glassdoor found that 56% of adult staff say a positive workplace culture is more essential to them than salary. That’s right – a positive, supportive atmosphere can mean as much – or greater than – money. And the excellent news is, culture is something we are able to have a direct impact on.
3 places you’ll be able to take a look at today to start out constructing a robust culture:
- Define your culture. – What’s the culture you need to create to your employees? Be specific here.
- Define, live and breathe your values. – Values are foundational to your culture. They must be utilized in coaching, celebrating, and day by day conversations.
- Commit to habits. – Habits should reinforce, support and have fun your values and the culture you need to create.
“Culture either happens by design or by default.” (Jason does an excellent job of explaining this quote here.)
Our culture shapes how team members solve problems, interact with each other and perform their roles.
The important thing to worker retention at any organization is fostering a culture that folks need to actively be an element of.