Running a large skilled trade business is no easy task, especially when it comes to retaining employees. In fact, employee retention is one of the biggest challenges faced by corporations in this industry.
Business leaders are responsible for creating an environment that fosters employee satisfaction and commitment. This saves the business money by reducing the need for recruiting, hiring, and training. It also increases the likelihood of employees becoming high performers and delivering their best work consistently.
Investing in your team is investing in your business. In this blog post, we'll explore three secrets to employee retention for large skilled trade businesses that you can implement starting today.
Competitive compensation and benefits
In today's rapidly changing job market, offering competitive compensation and benefits are necessary for attracting top talent. When it comes to skilled trades, offering benefits such as health insurance, retirement plans, paid time off, and bonuses can be attractive offerings for employees.
Competitive pay and benefits show that you value your team and appreciate their contributions to the business. The more you help your employees feel secure and cared for at work, the more likely they are to stay with the company.
When you join the SkillHero app as an organization you can monitor what your competitors are providing for their employees and ensure that you're doing everything you can to attract and retain top talent.
Flexible career paths and skill development
Many employees value the opportunity for growth, both professionally and personally. It is essential to provide your employees with career paths and skill development opportunities.
Offering training and development programs can prepare your team members for advancement within the company or even in their field. By offering education, investing in your team, and providing opportunities for growth, you will demonstrate your commitment to their future success.
The SkillHero app makes it easy for you to help your employees find additional training and pursue a career path that will keep them feeling appreciated and fulfilled in the long term.
Employees feel appreciated when their contributions are recognized. Creating a system that rewards, recognizes, and celebrates employees helps foster a culture that values their impact.
Recognition systems could vary from award programs to recognition of noteworthy accomplishments or arranging small celebrations for wins. This can create a positive working environment and lead to employee satisfaction, loyalty, and retention.
Good communication is key to maintaining employee retention. As a leader, it's your responsibility to create a culture that encourages open dialogue and communication.
Open communication makes it easy to give and receive feedback, leading to productive conversations. By getting feedback from your employees regularly, you understand their needs and concerns regarding the company. Simply asking for constructive feedback can help employees feel heard, valued, and invested in the company’s success.
The SkillHero app creates new channels for communication through company-wide messaging, private messaging, and social media-like features that help you keep your team engaged and satisfied.
Use the SkillHero app to make employee satisfaction inevitable
Employee retention in skilled trade businesses comes down to providing opportunities for growth and professional development as well as career guidance and ongoing training.
The SkillHero app can help you communicate with your employees and stay up to date on what they need to get the most out of their work. It's also a great way for employees to find new training opportunities and stay up to date on cutting edge industry trends.
Implementing the four secrets outlined above will help your skilled trade business stay well-positioned to attract and retain high performers. By investing in your employees, you are investing in the future of your business.