Employee retention and attempts to reduce employee turnover have been an increasingly widespread issue over the past number of years. With the shutdown, many returned home, moved out of the city or decided to make a change in their career. With this, came an increase in employee turnover and many businesses have had to rethink their hiring practices and learn how to handle the challenges of having less staff and less skilled employees in the workplace.
Why Is Reducing Employee Turnover Important?
Today, increasing labor costs and employee turnover are lowering the profits of businesses. If that trend continues, profitability will hit an all time low and it could result in closure of businesses.
The majority of employee turnover is preventable. Let’s outline a few tips to limit turnover with your restaurant staff.
Hire the right people. This might seem a little obvious, but truly it is important to get the right person in your workplace. Someone filled with enthusiasm, skills and knowledge to complete the role you’re hiring for.
Monitor other jobs and ensure you’re keeping up with the market and salaries. Keeping a constant eye on the job market to ensure you’re paying the right salary for the role you’re hiring for is a huge factor in attracting and retaining staff. People work to get paid, pay bills, and endure social activities. If you’re not seen to be paying a good level of salary, then job seekers are not going to apply for the role.
Reward employees for their performance. Employee turnover can be easily avoided through continued rewarding of your staff. Whether this be a simple ‘Thank you’, seasonal bonuses, occasional gift cards to the team or lunch time treats, it’s amazing how these little benefits will make the employee feel. Not only will it make them feel great and appreciated, but they will appreciate you for putting in the effort too.
Employee engagement and performance reviews. Employee engagement is extremely important for keeping employee turnover rates at a low. When staff are engaged with their company and position, they experience a greater sense of loyalty and safety in their role. Salary aside, a disengaged employee is left with very little incentive to stay with their “team”.
Culture, culture, culture. Culture plays an extremely important role in the workplace. Firstly, a unique culture attracts employees. Often the benefits and culture of an organization can be highlighted on a job post which can lead to a higher response rate.
We’re changing the way restaurants, bars, hotels, breweries, and cafés hire. Unlike generic job sites, JOTF was created for restaurant people, by restaurant people. JOTF lives online at JOBSONTHEFLY.COM