Look, we get it. We are all tired of hearing about employee retention. As business owners, we all know first-hand how important good retention is to our success. Employee retention has become even more relevant with the high employee turnover that many business owners are seeing due to the Pandemic. But what is not as often discussed, is just how fast the tools for promoting employee retention are changing. One of the most important aspects now is to ”Interview and vet candidates carefully, not just to ensure they have the right skills but also that they fit well with the company culture, managers, and co-workers.” (Connecteam)This can feel particularly intimidating when most businesses are still operating remotely, but hiring intentionally is integral to retaining employees, new and old. Well, we are here to help make the process easier. How? By showing how project management can help make it a reality. Read below to learn 3 ways project management can help in your employee retention for both new hires and seasoned employees:
Promoting New Skill Development
Project management is one of the best ways to develop new skills among your employees. They get hands on experience which supports their growth in their own careers. This also helps your company grow and be better set up to face challenges. Most importantly though, when your employees develop new skills, it helps in retaining them, as employees will feel invested in. The knowledge they gain from a good project manager will help them believe you are invested in their long-term career with your company.
Creating Common Understanding
We’ve seen too often examples of a lack of understanding between executives and employees. This can stem from not knowing the true pain points your employees face daily, or employees not knowing the hard deadlines you are working against. This misunderstanding leads to disgruntled employees and poor retention. Project management helps solve the confusion. A good project manager works to ensure there is a common understanding across all levels of a company. That way, managers and executives can ensure that the employees’ true pain points are being addressed. Once again, addressing and showing that you care about your employee’s long-term wellbeing leads to far better retention.
Improving Communication
Communication really is key, especially in employee retention. It is communicating in the right way that makes the biggest impact. Project management makes sure you and your employees have the tools and ability to do so. This is especially true when it comes to communicating across different teams, departments, and divisions. Having strong communication helps build loyalty from your employees. In turn, loyalty helps in your retention. More importantly, strong communication builds longevity and the desire for it among your employees. Your job is to support them in staying.
With the tools needed for effective employee retention changing, now is the time to look at your plans for 2021 and into 2022. Make sure you have the right elements included so you can retain your key employees and attract the stellar new talent you need. One of the best ways to set yourself apart is by hiring a good project manager to help you in your strategic planning. Make the investment and show your employees you are in it for the long-haul with them, through both the uncertain times and the prosperous times