8 Strategies to Increase Employee Engagement and Retention

Recent studies have come out over the last few weeks educating us on the trend of low employee engagement and high number of actively looking, yet currently employed candidates. Here at Jasper, we have seen an influx of calls from candidates confidentially looking to make a move. We predict that many companies will be shocked to see the number of people that walk out the door as the talent market opens back up.

During these times it is crucial for companies to take proactive steps to retain their top talent. With the talent market poised to open up, businesses will face a significant turnover if they fail to address the underlying issues causing disengagement. Because we cannot consult for all of them, here are eight strategies to increase employee engagement and retention and save you from the surprise "turnover twist".

1. Communication is Key Regular, transparent communication is essential for keeping employees engaged and informed about company updates, goals, and expectations. Encourage open dialogue and feedback channels to ensure employees feel heard and valued.
   

2. Recognition and Rewards Recognizing employees for their hard work and contributions can boost morale and motivation, as well as strategically steer your company culture in the right direction. Implement a rewards program that acknowledges achievements and celebrates successes, whether it's through bonuses, promotions, or simple gestures of appreciation.
   

3. Professional Development Opportunities Invest in the growth and development of your employees by offering training programs, workshops, and opportunities for advancement. Providing avenues for skill-building and career progression shows employees that you value their long-term growth and success within the company.
   

4. Work-Life Balance Strive to create a supportive work environment that promotes work-life balance. Encourage flexible work arrangements, such as remote work options or flexible hours, to accommodate employees' personal needs and responsibilities. The trend to move back onsite has been a high cause of recent job seeker status change.
   

5. Foster a Positive Company Culture Cultivate a positive company culture built on trust, respect, and collaboration. Encourage teamwork, inclusivity, and a sense of belonging among employees. Organize team-building activities and social events (even if they are remote events) to strengthen relationships and foster camaraderie.
   

6. Listen to Employee Feedback Actively solicit and act upon employee feedback to address concerns and improve the workplace environment. Conduct regular surveys or feedback sessions to gauge employee satisfaction and identify areas for improvement. But most importantly, act on this feedback to continuously improve your workplace culture.
   

7. Lead by Example Leadership plays a crucial role in shaping employee engagement and retention. Lead by example by demonstrating a commitment to the company's values, fostering open communication, and showing genuine care for your team members' well-being.
   

8. Offer Competitive Benefits In addition to competitive salaries, consider offering a comprehensive benefits package that meets the diverse needs of your employees. This may include the basics like healthcare coverage, retirement plans, and wellness programs, but feel free to get creative! It is the extra step you take for your employees that will attract and retain them. Consider an Uber Eats paid lunch card for remote teams and other unique perks that contribute to overall employee satisfaction and well-being.

By prioritizing employee engagement and retention efforts, companies can mitigate the risk of losing top talent and position themselves for success in the talent market. Remember, engaged employees are not only more productive and loyal but also serve as valuable ambassadors for your company's brand and culture.