The greatest asset to an organization are its people. But many organizations underestimate the power of investing in their employees, which can lead to increased profit, higher retention, and happy employees. On the flip side, a main reason people leave their jobs is they don’t feel prepared or challenged for their new position, or they don’t feel they can add value to the company. Studies show that extrinsic motivators can lead to decreased happiness in the workplace. So make sure to leverage intrinsic motivators, like continuous education and appropriate levels of responsibility, that can lead to increased job performance.
By providing learning and growth opportunities for employees, you have a greater chance of retaining staff. How do successful companies retain great employees? They train them!
Besides ensuring new employees are familiar with the company, there are many benefits of training:
- Helps improve employee morale and satisfaction, improving attendance management and retention,
- Requires less supervision, allowing managers to spend less time mentoring and more time working,
- Leads to increased productivity, and
- Helps companies avoid accidents and mistakes.
Establish a Mentor Program
The best way for a new employee to learn the ropes is through on-the-job training. Through a mentoring or apprenticeship program, you can ensure that new employees understand the company culture and expectations for getting the job done. Some employees don’t make the 90-day probation window because they spend too much time simply trying to figure out the landscape. By pairing a new employee with a mentor, explaining expectations, and training your staff, you will know for sure if the new staffer will stay beyond the 90-day window. When it comes time for employee reviews, there will be no surprises because of the continuous nurturing that has been provided.
Create Employee Training Methods and Programs
The cost of training employees can be intimidating, but you don’t always have to send people out of the office for high-quality training. Effective and less expensive training methods include webinars, in-house best practice training, team building exercises, leadership assessment tools, and brainstorming sessions. The bottom line is, train to retain!
Want to reduce the stress of managing HR documents and forms? Patriot Software’s HR software offers a hassle free way to manage employees’ employment history, census data, and more. Try it free for 30 days!