Reduce Turnover

Reduce Turnover: What Employees Want in 2022

Remote work is becoming the expectation for many roles

As more employers realize that remote work isn’t just a perk, it’s the norm. It’s also becoming clear that employees prefer to work from home, with many citing improved productivity and higher job satisfaction as reasons for doing so. What’s not to love about working away from the office?

Employers who want to retain top talent should consider creating a culture where remote work is allowed and encouraged. The benefits of allowing employees to telecommute include:

  • High employee retention rates

  • Reduced turnover costs (including recruiting fees)

  • Shorter commute times for employees who live far from your office

Flexibility is a must

To stay on top of the competition and maintain your workforce, you need to be flexible. Today’s employees are looking for more than just a job. They want the freedom and flexibility to work from home, choose their own hours, take time off whenever they need it and set up their own schedules. This not only helps with retention but also increases productivity as employees feel valued and respected by their company.

Benefits are key

The benefits and perks you offer your employees are a big factor in job satisfaction and retention. Due to the pandemic, people have learned to expect work/life balance. That’s why it’s important to understand the needs and wants of today’s workforce when it comes to benefits.

Employees are looking for more than just health insurance these days; they want benefits that address their specific needs and help them prepare for their futures.

Here are some examples:

  • Tuition Reimbursement

  • Flexible Scheduling

  • Work/Life Balance

Remote Work: Employee appreciation will be king

The importance of employee appreciation is something that’s become increasingly clear over the past few years. As we’ve seen through studies and surveys, many employees feel that they aren’t being recognized enough for their efforts.

This will become even more important in 2022 as people search for jobs that allow them to be appreciated and acknowledged by not only their bosses but also their peers.

Employee recognition is a powerful motivator to reduce turnover, but it’s important to recognize both individual and team efforts as well as results and effort. The best companies recognize their employees’ hard work with rewards like trophies or gift cards—but they also keep up a stream of small gestures like sending thank you notes when an employee goes above and beyond or giving kudos in front of others when someone solves a problem quickly without having been asked first (this can be done via video conference if it’s more convenient).

There will be a shift in demographics

In 2022, the workforce will become even more diverse than it is today. The number of women in the workplace will continue to grow and the number of workers over 50 will also increase.

You’ll also see more people with disabilities enter the workforce, as well as people from a variety of other backgrounds.

This shift in demographics is important because it means that you’ll have a larger pool of potential employees from which to choose when hiring new talent. The better your workplace culture fits these different demographics, the easier it will be for them to feel comfortable there and stay with your company for the long term.

Here’s how to keep employees happy and productive in the future.

In the future, you’ll need to focus on retaining employees by paying attention to what they want. Hiring is EXPENSIVE. That means, in order to reduce turnover, offering benefits like flexibility, remote work options, and even employee appreciation days.

In addition, your company should pay attention to changing demographics. Millennials are on their way out of their early 20s now (for some of them), so it’s essential that you understand what younger people want from their jobs—and how different they may be from other generations in terms of expectations and preferences.

Give us a call if you want to learn more about how to reduce turnover, manage remote work and how to grow your small business.