Your to-do list for retaining top employees

Long story short: Your to-do list for retaining top employees

April 1, 2022 10:22 AM

The Great Resignation isn’t showing signs of slowing down, so what can you do to keep your employees from heading toward the door?

Employees are looking for benefits and perks, training and development opportunities and a clear career trajectory if they plan to stick around. In this week’s top stories, employers are responding to this list of demands. Career insights platform Lensa ranked the most-asked-for employee benefits, with remote work, a four-day workweek and hybrid options all in the top 10.

One company putting this into practice is Stakester, which gives employees the opportunity to work any time of day, any day of the week. The policy has paid off: the company has seen exponential growth and high employee retention. Gravie, a health benefits company and marketplace, is also hoping to retain their workers by providing upward mobility and career moves within the company. Their internal job fairs are expected to place nearly 20 employees in new positions, without losing them to other organizations.

Making these investments and experimenting with new strategies is keeping HR leaders on their toes — and employees in their seats. Take a look at what else employers plan to do to combat the Great Resignation:

10 benefits and perks employees expect in a post-COVID world

Workers now expect benefits to enrich their professional and personal lives. And in the midst of the Great Resignation, that’s forcing employers to rethink their benefits offerings to prioritize flexibility, wellness and convenience.

Remote working is the biggest employee demand, followed closely by a four-day workweek, according to a list by career insights platform Lensa. Associate editor Paola Peralta rounded up the full list, which includes smart offices and employee assistance programs that support mental health, highlighting employees’ concerns about the potential transition away from the home office, as well as their own mental wellness.

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10 benefits and perks employees expect in a post-COVID world

This platform is giving employers a training and development blueprint

Interest in professional development and coaching is growing in interest among employees: a survey by LinkedIn found that 94% of employees would stay at a company longer if there were learning and development opportunities. A quarter of GenZ and millennial employees said they would quit if not offered an opportunity to learn and grow on the job.

Executive editor Alyssa Place spoke with the founder of coaching platform Sounding Board, on the ways technology can provide coaching and training opportunities. It can also be a tool to meet DEI goals, something more companies are tapping into as they look to expand opportunities for a more diverse workforce and close representation gaps.

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This platform is giving employers a training and development blueprint

Are internal job fairs the key to employee retention?

As the Great Resignation stretches on, it’s clear that employees are eager to pursue new career opportunities. But what if they knew those opportunities existed within their current company? Would they stay?

Gravie, a health benefits company and marketplace, is betting on it. The Minneapolis-based organization, which currently has 140 employees, has launched what they call internal job fairs, creating dedicated time and opportunities for its workers to learn about other positions and departments within the company — and potentially make a change that will best serve both the employee and the organization. Editor-in-chief Stephanie Schomer touched base with Gravie’s chief people officer on how the fairs are helping the company and its employees focus on the future.

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Are internal job fairs the key to employee retention?

Want to work from anywhere, anytime? This CEO is making it possible

The conversation around workplace flexibility took off as COVID sent millions of workers home, and remote work became more of a norm than ever before. Now, workers want to push the limits of what a flexible workplace really entails.

Future Forum, a consortium by Slack, recently surveyed 10,000 workers across the United States, Australia, France, Germany, Japan and the United Kingdom, finding that while 78% wanted location flexibility, 95% wanted schedule flexibility. Tom Fairey, the CEO of the London-based gaming app company Stakester, is giving his employees the best of both worlds, allowing them to work when, where and how they want. Associate editor Deanna Cuadra chatted with Fairey about their round-the-clock schedule and why it works for them.

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Want to work from anywhere, anytime? This CEO is making it possible