This time of year presents a fantastic opportunity to ensure that your employees are fully onboard with your big strategic goals. By now, you’ve no doubt considered what you need to do to tap into the general feeling of renewed motivation. However, are there things going on beneath the surface that you need to consider? Or any potential threats that could harm your business as we kick off the new year?
A real concern that business owners have is losing their top talent, people often reassess their goals in January, and if your business isn’t staying ahead of the game, then you may well find that your best employees are looking for new roles. You might think that this isn’t happening, but the reality is that it can be hard to gauge what’s going on beneath the surface.
So what can you do about it?
Well you can’t physically tie your employees to their desks; even the best businesses lose valued employees from time to time, and though it’s costly to replace them, it’s something that you’ll no doubt have to deal with from time to time.
So now is a great time to do an audit, and establish the current climate in your workforce, and how you would cope if any of your employees did decide to move on to pastures new. It’s always sensible to have a succession plan in place, so you don’t find yourself with an operational disaster on your hands.
Also consider what you can do to improve retention rates. It’s easy to jump to the assumption that it always comes down to cash, and that keeping your best people involves regular pay rises and bonuses. This is not always the case though, retention levels are impacted by a wide variety of factors, and you may need to take a closer look at how you can get creative without blowing your budget.
If you need some help with ensuring that your business is fighting fit for 2018 then get in touch, HR Revolution can carry out an HR audit on your business to make sure you are set up for success.
Give us a call +44 203 538 5311 or email: firstname.lastname@example.org or visit www.hrrevolution.co.uk where our expert CIPD HR professionals are waiting to help you with any questions you may have.
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