Defiance County Economic Development: Tips to Retaining Employees

(By Paige Wesche, Assistant Executive Director of Defiance County Economic Development)

Retaining top talent is a crucial challenge that requires a comprehensive strategy addressing both professional growth and personal wellness. Are you an employer who is constantly scratching your head about ways to keep your employees? This article outlines five practical ways businesses can improve employee retention!

Invest in Training and Upskilling Opportunities

Robust training programs are a proven strategy for retaining talented staff by equipping them with the skills and guidance to thrive in their roles. To further demonstrate the company's commitment to employee development, organizations should offer financial assistance for workers pursuing degrees or certifications. This investment not only enhances employees' skills and knowledge, but also signals the company's dedication to their long-term professional growth.

Implement a Robust Mentorship Program

Right along with upskilling opportunities is a mentorship program! Pairing seasoned veterans with newer hires can foster meaningful peer-to-peer relationships that facilitate the transfer of institutional knowledge. Capturing this knowledge before employees retire is crucial to ensure the business continues operating smoothly. It also helps new employees feel more comfortable and confident moving around the workplace. Think about how many mentors have helped you get into the position you are in today!

Clearly Defined Roles and Advancement Pathways

When employees have a clear understanding of their responsibilities, expected performance metrics, and opportunities for growth, it fosters a sense of purpose, stability, and commitment. A well-structured role with defined objectives and development goals allows individuals to take ownership of their work, track their progress, and feel a stronger connection to the company's mission. Transparent advancement pathways and succession planning demonstrate to staff that the organization values their contributions and is invested in their employee’s long term.

Offer a Well-Rounded Benefits Package

Provide competitive compensation and benefits packages that include remote work options, generous vacation time, and creative shift options - like "mom/dad shifts" during school hours. Opportunities like this can cater to employees' personal needs and obligations, while also promoting a healthy work-life balance. We have met with many companies who have successfully implemented creative shift options! One of the companies said they only had to hire one individual in one year due to such high employee retention.

Transparent Communication

Effective managers are essential as they must communicate a clear vision, set realistic expectations, and give regular feedback and recognition to help employees feel connected to the company's mission and their own professional development. It is crucial to create a culture of clear, transparent communication, where employees feel empowered to voice their ideas and concerns.

We hope that these tips help you brainstorm some new ways to retain your workforce. It is proven that when companies prioritize employee satisfaction and loyalty, they can establish a reputation as an employer of choice and enjoy the benefits of low turnover, high productivity, and a talented, dedicated team. Defiance County Economic Development is here to assist our local companies with any workforce needs. If you or your company require workforce support, please contact Paige Wesche, Assistant Executive Director, at paige@defiancecountyed.com.