How can I reduce employee turnover? | Be The Business | A more productive economy driven by inspired business leadership

Employees are often the most expensive asset a business has, so it makes sense to hold onto them. As well as being generally disruptive, employee turnover is also time consuming, expensive and adds uncertainty that you just don’t need. Prioritising retention will allow you to continue focusing on what really matters.

Ways to help you deal with it:

Action plan

Improve your hiring and onboarding

Effort: Medium

Impact : Medium

Finding the right people to hire, and then getting them contributing in a meaningful way quickly, is a vitally important job for a business of any size.

ACTION PLANS are a structured list of steps designed to help you approach tackling a particular business challenge.

We explain why each step is important
Customise by setting your own completion dates and assign tasks
Helpful tools are provided for certain steps
A downloadable PDF version of each action plan is available

Action plan

Improve your employee appraisals process

Effort: High

Impact : High

Appraisals are a process conducted in very varying degrees of quality by businesses of all types. Done well and they provide clarity, direction and a renewed sense of purpose.

Action plan

Create career paths for your employees

Effort: Medium

Impact : High

With career progression the consistently top-ranked reason why people leave jobs in Britain, showing that your business can provide stimulating and rewarding career paths is essential.

Guide

An introduction to reducing staff turnover

Losing talented employees can have a knock-on effect on staff morale, performance and productivity across your organisation.

GUIDES break a challenge down, providing important context and real-world experiences.

Based on SME experiences, not corporate jargon
Filled with real-world stories
Achievable steps every business can take

Other support that's available

Retain and motivate your best employees

Keeping your best employees motivated and engaged can have a real impact on your company's bottom-line success. So how do you encourage your most talented people to stick around and do great work?

Find out how to measure employee turnover

Use resources from the Chartered Institute of Personnel and Development (CIPD) to better understand why people leave organisations.

How other businesses have tackled something similar

Real business story

A great culture doesn’t mean blowing the budget

The average full-time British employee will spend over 3,500 days at work during their lifetime, so it’s vital that business leaders promote and encourage a healthy and happy working culture to keep staff motivated during working hours.

Real business story

Help your staff with upskilling or they’ll look elsewhere

By helping staff achieve their working ambitions, companies that prioritise the upskilling of current and new employees find that staff stay longer and can help boost overall productivity.

Real business story

Find out exactly what incentives your people are driven by. Then you’ll get the best results

Thinking creatively, businesses from all corners of Britain have introduced work incentives both big and small to keep staff motivation high. Each have learnt that the more inspired a workforce is the more productive they tend to be.

The questions lots of businesses are trying to answer

What issue is keeping you awake at night? A bit of targeted support is often all you need to overcome those challenges.

Select a topic

Digital

How can I improve the digital presence my business has? How can I streamline and automate some of our business processes? How can I understand what digital tools or support my business needs? How do I effectively seek external digital support? How do I know if my technology is robust enough for growth? How do I assess and choose the right technology to improve business operations? How do I work out the best digital sales channels to use? How should I best budget and plan for new technology investments? How should I go about collecting data to improve my business? How should I use the data I have to improve decision making?

Leadership & Strategy

As a leader, how do I learn to trust others within my organisation? How can I balance short-term needs with long-term targets? How can I reflect on my own strengths and weaknesses as a leader? How do I learn to become a better leader? How do I improve the communication in my business? How do I apply learnings from other businesses to my own company? How do I get better at noticing and reacting to warning signs? How do I get staff interested in our vision and values? How do I give my team autonomy and get better at delegating? How should my role as a business leader evolve with the company’s growth?

People & Team

How can I develop career paths for my staff? How can I develop the skillsets of my workforce? How can I improve my hiring and onboarding practices? How can I increase staff engagement and motivation? How can I keep my best members of staff? How can I reduce employee turnover? How can I run a better appraisals process? How do I deal with a challenging member of staff? How do I manage an effective remote workforce? How should I performance manage my staff?

Planning

How can I balance ambition with setting realistic goals? How can I get staff interested in the financial situation? How can I work out what required skillsets are missing in the business? How can I define and communicate my vision for success? How can I get better at looking internally at my business? How can I make my business more resilient to change? How do I ensure my business can navigate a dip in trading? How do I better inform my business plans? How do I know when to invest in my business? How do I know when to scale up my business?

Sales & Growth

How can I get a better return on investment from my marketing? How can I identify new customers to target? How can we better serve our most loyal customers? How can we develop new products and services? How do I create targets and KPIs for my staff? How do I benchmark my business against competitors? How do I build a network to support my business? How do I develop a clear unique selling point? How do I financially plan for new opportunities? How do I make sure my team and processes are ready for growth?

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