Resources

How to reduce staff attrition and keep your top talent

In this Learnings article, we will discuss ways to reduce staff attrition rate and keep your top talent.

May 18, 2022
5
minutes
read

Tom Ellison

Head of Marketing
,
Stryve

Tips 1

Did you know that the average employee changes jobs every 4.2 years? That's a lot of turnover, and it can be costly for businesses. Not only do you have to spend time and money recruiting and training new employees, but you also lose the experience and knowledge of your old employees.

In this Learnings article, we will discuss ways to reduce staff attrition rate and keep your top talent.

Engagement is key when it comes to reducing turnover. If your employees are engaged, they will be less likely to look for new opportunities. There are many ways to increase employee engagement, such as offering development opportunities, showing appreciation, and providing a good work/life balance.

With Stryve we offer an employee engagement program. Employees can be enrolled in the scheme whether it’s their first day, or if they have been with you for years. Keeping your team engaged in your brand and mission is key to building a loyal and motivated group.

Tips 2

Communication is also important in keeping your staff happy. Make sure you keep lines of communication open so that employees feel like they can voice their concerns and give feedback. Regularly check in with your team members to see how they're doing and if there's anything you can do to help them.

Tips 3

Another way to reduce attrition is by offering competitive compensation and benefits. This doesn't just mean financial compensation - it also includes things like paid time off, health insurance, and retirement savings plans. If you can offer a package that is competitive with other businesses in your industry, you'll be more likely to keep your employees around.

It's also important to create a positive work environment. Employees who feel like they are valued and that their work is meaningful, are more likely to stay with a company. Make sure your team members feel like they are part of something larger and that their work is making a difference.

Finding the people that fit your brand ethos is at the foundation of reducing attrition from the get go. With Stryve, we help you source, nurture and hire candidates that buy into you and what you are trying to achieve.  

Learn more about Stryve and how our sourcing program can find you world class talent, quicker and more efficiently than ever before.

Tips 4

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