NEW YORK (MainStreet) With a rebounding economy and a growing demand for skilled executives as baby boomers retire, talented employees are increasingly seeking and finding new opportunities. Unfortunately, they often leave their current employer in the lurch, and most small businesses just can't afford to lose top talent. We checked in with experts who weigh in on the top seven ways companies can retain their best workers even when other offers come knocking.
1. Offer a strong company culture
"It's getting more challenging to retain people," says Janet Flewelling, managing director of HR service operations at human resources company Insperity. "People who were holding onto their jobs are finding maybe this is a good time to start looking elsewhere, and that's why it's important to make sure they feel connected to their company."
Insperity offers a volunteer program to its employees for just that reason each quarter workers can perform 12 hours of volunteer work that is paid time off, which Flewelling says "reinforces the value" of the company.
"Anytime a company offers opportunities to contribute to the community where you live and where you work, it's a good thing," she says. "It's also a wonderful chance for employees to work together, which creates a culture of togetherness."
2. Make work fun
"The lines between your work and home life are a lot more blurry than they used to be," Flewelling says. "When you think about employee retention, it's all wrapped up with having friends at work, feeling comfortable at work and really enjoying it when you can."