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Waikato Business News August/September 2021

Waikato Business News has for a quarter of a century been the voice of the region’s business community, a business community with a very real commitment to innovation and an ethos of co-operation.

Waikato Business News has for a quarter of a century been the voice of the region’s business community, a business community with a very real commitment to innovation and an ethos of co-operation.

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14 WAIKATO BUSINESS NEWS <strong>August</strong>/<strong>September</strong> <strong>2021</strong><br />

HR AND RECRUITMENT<br />

Retain, retain, retain<br />

PEOPLE AND CULTURE<br />

> BY SENGA ALLEN<br />

Managing Director, Everest – All about people TM<br />

www.everestpeople.co.nz<br />

Every week I take a<br />

dozen calls from<br />

employers who are<br />

frustrated about losing their<br />

talent in this highly competitive<br />

market we’re sitting<br />

in right now. In some<br />

cases, we need turnover in<br />

our businesses but when it’s<br />

unplanned or even worse,<br />

unexpected, it can put your<br />

business in a risky position.<br />

We’ve been sharing a<br />

few tips and techniques with<br />

our clients, and I thought it<br />

would be great to also share<br />

some with our readers! First<br />

up – there will be some staff<br />

who will leave no matter<br />

what you do.<br />

If an employee has one<br />

foot out the door, chances<br />

are they have been thinking<br />

about leaving for a while<br />

and someone, something, or<br />

a better offer made that exit<br />

happen faster. Next, there<br />

are some staff are actively<br />

looking at their options; have<br />

been offered another job and<br />

quietly start a bidding war<br />

with their current employer.<br />

Look, I can’t tell you whether<br />

you should or shouldn’t play<br />

in that pit, but I would say, if<br />

they were worth more when<br />

employed by you, why didn’t<br />

you pay them more (if you<br />

could afford to?). Ask yourself<br />

at that very point, what<br />

could I have done differently<br />

and then go ahead and<br />

assess your team and find out<br />

whether you have flight risks<br />

anywhere else.<br />

Make sure your<br />

managers or anyone<br />

else in your team<br />

are not compelling<br />

great employees to<br />

leave. You’ve heard<br />

the expression I’m<br />

sure “people leave<br />

managers, not<br />

companies”<br />

My advice here is it isn’t<br />

always about money either.<br />

For a lot of people an extra<br />

$2-$5k extra a year will make<br />

a massive difference to their<br />

lifestyle, for others, not so<br />

much. For other people, extra<br />

leave to spend time with their<br />

kids in the school holidays is<br />

a huge retainer for them. An<br />

extra week’s leave costs you<br />

2% of their salary. Not huge,<br />

but highly rewarding for the<br />

employee. Some people want<br />

to start earlier, leave earlier,<br />

work from home on the odd<br />

occasion. Let’s face it folks<br />

– the “typical workday” of<br />

8-5pm Monday to Friday is<br />

fast becoming a dinosaur.<br />

Anymore lock downs and<br />

we’ll all be experts at working<br />

for home!<br />

Other great retention<br />

examples I’ve heard lately<br />

include community days off<br />

to go and work for a charity<br />

that needs it, duvet days (great<br />

for my mental health that’s<br />

for sure!), good old team celebrations<br />

when you get even<br />

the smallest wins, out of the<br />

box recognition (remember<br />

your extroverts love this and<br />

your introverts will love it<br />

– away from other people!)<br />

– by this I mean, just taking<br />

5-10 minutes to warmly and<br />

genuinely thanking someone<br />

for something they did<br />

well. Hello – I love that sort<br />

of praise and so do others!<br />

Mentoring programmes are<br />

taking off – this is a great<br />

way for an employee to feel<br />

truly supported in their development.<br />

Think about wellness<br />

offerings like stress management<br />

programmes, retirement<br />

planning, reimbursement for<br />

gym classes and other things<br />

you might consider providing<br />

to employees?<br />

Summing up I think we all<br />

need to take a good hard look<br />

at our current teams and take<br />

stock. Run a survey, get some<br />

data – how are people feeling,<br />

how engaged are they in your<br />

workplace? Are they considering<br />

another job right now<br />

(you can ask that question!),<br />

what would make them stay<br />

loyal to you (yep, you can ask<br />

that question too!)? Lastly,<br />

make sure your managers or<br />

anyone else in your team are<br />

not compelling great employees<br />

to leave. You’ve heard the<br />

expression I’m sure “people<br />

leave managers, not companies”.<br />

If you or someone else<br />

in your business is the catalyst<br />

for people leaving your<br />

organisation, now is the time<br />

to get some help!

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