5 golden tips to reduce turnover in the company

The turnover rate can be summarized as the rate of employee turnover. It is one of the biggest indicators of your company's organisational health and should be a constant goal for team managers.

This rate has different causes - which may be internal or external. To help you, we have selected the best tips to reduce turnover and retain your talent!

1. Develop a good career plan

When employees see that there is a consistent career plan in the company, they know that they have opportunities for growth and invest their time in achieving the best results, besides being much more motivated.

2. Hire the right people to reduce turnover

Improving your selection process and making it more assertive is one of the best ways to reduce turnover in the organization. This is because you will be able to hire employees who are really qualified to perform the functions and choose candidates who share your company's values.

3. Offer good benefits

It is necessary to keep in mind that it is not only the payroll that matters for the employee. In addition to a salary compatible with the market, it is essential to offer competitive benefits.

This means that, besides the traditional VT and VR, you can count on other differentials, such as gym, fuel vouchers, culture vouchers and others that may be implemented in the organisation.

4. Bet on the organisational climate

The organizational climate is the collective vision that employees have of the company. To reduce turnover, it is necessary to promote an inclusive environment where everyone feels welcome and comfortable. One of the best ways to do this is to promote events, develop integrated teams and create spaces for relaxation.

5. Provide constructive feedback

If you want to know how to reduce turnover, know that creating and encouraging a feedback culture in the company is one of the best ways. It is important that managers know how to pass feedback really constructive for employees and understand the weight that this practice has in the overall satisfaction.

This allows everyone to know their positive and negative points, as well as minimising uncertainties, anxieties and making them seek the improvement of their functions.

Remember that a high rate of employees joining and leaving can directly impact a company's costs. To access more tips like this and increase your talent retention, just keep following Alymente's blog.