Do you hire employees with an expiry date?

Blog located in Hiring & Employment posted on October 28, 2016

A recent article in HRM revealed the results of a recent study on the loyalty of Canadian employees. 49% of those surveyed believed that 10 years is an appropriate length of time with an employer, while 57% said that the appropriate length of time with the same employer was 6 years or less.

The role of Human Resources

It’s certainly great news to employers that 74% of Canadian employees think staying loyal to an employer it is helpful for their career. However, you shouldn’t be taking these results for granted. You must have strategic pillars in place in order to be part of these statistics and retain your staff.

The overarching strategy is called “Employee Engagement,” However, stand-alone engagement programs will not contribute to your ROI. What will contribute to your ROI is the following:

–          Employee wellness plan:

Don’t let this plan be your best kept secret. If you want your employees to join in the plan, you must communicate it. The most effective way is to share it organically across your company. You must also market the incentives to participate.

–          Reward program:

I’m not thinking bonus or salary increases. I’m thinking “alternative” rewards that have 87% impact on your employee engagement. Make sure you have metrics in place to measure the performance. Your rewards will be much more meaningful. Get to know your employees better and reward them with things they would do with their friends (event tickets) or family (gift certificate).

–          Recognition program:

Make it consistent and across your organization. As opposed to sporadic and top-down. You want to able your peers to recognize each other. You want to bolster team work and minimize silos in your business.

–          Employer branding / Corporate Culture:

A recent study showed that an organization’s reputation is part of the top 10 drivers of employee engagement. Employer branding is about breathing your brand every step of your employee’s life cycle. From hiring, on-boarding, training, performance reviews, communication, rewards, etc. It’s about making sure you empower your employees, you appreciate their work, you lead them with integrity; it’s about making your place “A great place to work”.

Loyalty is a two-way street

I think it’s great to know about how Canadians define loyalty to the same employer. However, as an employer you also have a stake in retaining your employees. Be honest, fair, communicate consistently, reward organically and celebrate meaningfully. After all, your employees are only as loyal to your company as they believe the company is loyal to them.

 

 

 

Small Business Owners must also be HR Experts! 
No one said managing people was easy.  Staffing costs are increasing monthly.  Mis-steps are painful, damaging to your reputation, and can very expensive! 

Get on the road to developing your Small Business HR Expertise today.   
Schedule a complimentary consultation with Aline Ayoub.

Take control of your workplace productivity and culture. Secure the path for healthy profits and growth. 
I want to schedule a consultation with Aline!
We will be in touch within 24 hours. 
close-link
SIGN ME UP!
Multi-generational

No HR Dept?
No Problem!

Sign up for tips on handling today's trickiest HR issues! 

close-link
Subscribe
I WISH TO TAKE A FREE ASSESSMENT

Do you qualify for a complementary online HR Assessment? 

Enter your first name and email for a complementary HR assessment.
close-link
SUBSCRIBE

Solve your recruitment issues, finally! Stop wasting money on bad hires. 

Enter your details to receive further information on how you can receive your Recruitment Fix It Plan for Small Business.
close-link
SIGN UP

Register for Aline Ayoub's
Bill 148 HR Boot Camp.

Select your date and enter your details to register. We will email you further information on the webinar.  
close-link
SIGN UP

Register for Aline Ayoub's
Bill 148 HR Boot Camp.

Select your date and enter your details to register. We will email you further information on the webinar.  
close-link
SIGN UP

Don't let Bill 148 create risks to your growth and profitability!

Aline Ayoub provides complimentary professional assessments. If you need an action plan, she will work with you to get that in place quickly and affordably.
close-link
I NEED AN ACTION PLAN!

Take Control of your Business Culture

Don't let a bad case of company culture malaise eat away at your workplace morale and profits. 

Develop a Workplace Culture Action Plan quickly and affordably with Aline Ayoub’s guidance.
close-link

NO HR DEPT?
NO PROBLEM!


 

Sign up for tips on handling
today's trickiest HR issues!

 
We respect your privacy :
SIGN ME UP
close-link