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Stick to these tried-and-tested hourly employee retention strategies to reduce turnover, boost engagement, & improve wellbeing
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A low hourly employee retention rate can put the handbrake on even the biggest business’s growth plans.
While retaining hourly employees might not seem like your organization’s top priority, bear in mind it usually costs 16% of an hourly employee’s annual salary to replace them. Which means having to replace hundreds of hourly workers a year will take its toll on your profit margins.
Luckily, there are plenty of hourly employee retention strategies that will help you keep turnover down in your business. Read on for some simple and effective tips that will help you recruit and retain hourly employees.
Once you add up the direct and indirect costs, replacing an hourly worker on $8/hour can cost up to $3,500.
That means losing a hundred hourly workers would shave a massive $350,000 off your bottom line – the difference between profitability and bankruptcy for a lot of businesses.
Solving the retention challenge has a huge return on investment for any company that relies on hourly workers.
These creative ways to retain hourly employees will help any organization boosts its retention rates:
The key to keeping your hourly employees around? Giving them engaging work to do.
Just 47% of disengaged employees plan to work for their organization for the next year – compared to 90% of their engaged teammates.
If the only hourly employee retention strategy you put in place is looking out for how engaged your people are at work it will go along way to helping you retain your top talent.
So, make sure to run regular engagement surveys, paying particular attention to your hourly employees’ responses. And encourage your managers to set up weekly or bi-weekly check-ins to touch base with their hourly reports – and train them to ask the right questions in those one-to-ones.
Book a demo of Assembly to get access to all the tools you need to boost employee engagement in one place.
A massive 71% of people open to looking for a new job think their current company isn’t flexible enough. And according to one survey, 100% of hourly workers say flexibility influences their decision on taking a new role.
The fact is: rigid work schedules are the bane of a lot of hourly workers' lives. The more flexible you’re willing to be with your staff, the more likely your hourly employees are to stick around.
Absenteeism – when workers don’t turn up for a shit without good reason – actually costs US businesses $3,600 per year for each hourly worker. So, if you force your hourly teammates to work shifts that don’t suit them at all then don’t be surprised if they start calling in sick more often – and ultimately leave for a more flexible job.
Most hourly employees don’t want a job – they want a career. And you’re making a huge mistake if you’re not laying out a clear career path for your hourly employees to follow.
In fact, 38% of hourly workers are thinking of leaving their current job because it only offers limited career growth opportunities. And 72% say career growth opportunities are their top priority for a new role.
Provide your hourly workers with opportunities to climb the career ladder, learn skills that will help them land a promotion, and get leadership experience under their belt you’ll be giving them a lot of reasons to stay.
The most effective tool at your disposal when it comes to making sure you’re supporting your hourly staff with their career goals are one-to-ones. Regularly ask your reports what direction they want to head in – and how you can help them get there – will do wonders for your hourly employee retention rates.
Try Assembly to see how easy it can make taking the pulse of how your hourly employees feel about their career opportunities at your company.
One of the most effective ways of retaining hourly employees is a simple one: look after them.
A lot of organizations treat their hourly staff as if they’re disposable. Unsurprisingly, those companies struggle to recruit and retain hourly employees – especially in the age of employee wellbeing and mental health benefits.
You won’t have a problem retaining hourly employees if you:
Showing your people you care isn’t rocket science. But it is one of the most effective hourly employee retention strategies there is.
A misstep a lot of organizations make is failing to recognize that hourly employees aren’t any less interested in having their say on how your company operates than their salaried teammates.
Despite this, 41% of hourly workers say their employer never asks for their feedback. Of the 59% who are asked for their input, 8% say they’re only asked to provide feedback once a year and 70% say their voices aren’t heard.
Keeping your hourly workers at arm’s length from is bound to alienate them and likely leave them looking for another job.
It’s therefore crucial you run regular employee pulse surveys and give your hourly workers a chance to have their say during one-to-ones. If they don’t have these channels to express themselves through, it can be easy for your hourly employees to feel like they don’t have a voice. And this can have a huge impact on how long they stay employees.
Book a demo of Assembly today to get access to all the tools you need to empower your hourly employees with a voice in one place.
Organizations often fall into the trap of taking their hourly employees for granted.
And when a teammate doesn’t feel like they’re getting the recognition they deserve, they’re not likely to stay a teammate for very long. In fact, 79% of people who’ve quit jobs say a lack of appreciation was one of the main reasons they left.
Despite this, one survey revealed it’s been an average of 50 days since its respondents last felt recognised in any way at work. And employees aren’t asking for the red carpet treatment here. In fact, 70% of people say their motivation and morale would improve “massively” if their manager simply said “thank you” more often.
The fact is: recognition is one of the most effective tools at your disposal when it comes to increasing employee retention. Giving your people managers tools that make it easy for them to praise their colleagues – like Assembly’s Give Recognition Flow – is a simple but effective retention strategy.
Your hourly employees are a lot less likely to leave if you give them engaging work, a flexible schedule, a clear career path, and the recognition they deserve.
Stick to those tried-and-tested hourly employee retention strategies and turnover is bound to drop across your business.
Get the foundational knowledge on creating an employee recognition program that boosts employee engagement and helps them feel valued.
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