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Strategies for Reducing Employee Turnover
Learn how organizations reduce turnoverPreview the first lesson free — get full access to all 5 lessons.
Intermediate Provider : Karl Michel 5 Lessons · 16m in Arabic, German, English, Spanish, French, Portuguese, Chinese
Course Description
Once organizations identify that they’re experiencing high turnover, how can they start reducing this issue? It can seem daunting to implement changes to address this problem, but there are a few main areas that can greatly affect retention and turnover within your company. Misaligned expectations, poor financial and procedural incentives, and ill-defined career paths and development opportunities are some of the main factors that drive skilled employees to seek better opportunities elsewhere. Correcting and updating these areas can help attract and retain high-quality employees and improve your workplace environment.
In this course, you’ll learn about managing employee expectations about your company, as well as how to manage and communicate your expectations to employees. This course will also help you review your salaries, benefits, and procedures. You will also learn how to offer career development opportunities and define career paths, which help reduce turnover.
What You'll Learn
- Identify strategies for managing employee and employer expectations
- Communicate company expectations clearly to employees
- Review salaries, benefits, and policies to improve retention
- Understand how financial and procedural incentives affect turnover
- Recognize how company policies affect turnover
- Create and implement well-defined career paths and development opportunities
Key Takeaways
- Misaligned expectations, poor financial and procedural incentives, and ill-defined career paths are among the main factors that drive skilled employees to seek opportunities elsewhere.
- Correcting and updating these areas can help attract and retain high-quality employees and improve the workplace environment.
- Managing employee expectations and communicating employer expectations are key to reducing turnover.
- Reviewing salaries, benefits, and procedures helps address the financial and procedural incentives that affect retention.
- Offering career development opportunities and defining clear career paths helps reduce turnover.
Frequently Asked Questions
What will I learn in this course?
You'll learn about managing employee expectations about your company and communicating your expectations to employees, reviewing your salaries, benefits, and procedures, and offering career development opportunities and defining career paths to help reduce turnover.
Who is this course for?
It is designed for those in organizations that have identified high turnover and want to start reducing it by addressing expectations, incentives, policies, and career paths.
What main factors driving turnover does the course address?
It addresses misaligned expectations, poor financial and procedural incentives, and ill-defined career paths and development opportunities, which are some of the main factors that drive skilled employees to seek better opportunities elsewhere.
What topics are covered in the lessons?
The lessons cover an Introduction, Managing Expectations, Salaries, Benefits, and Policies, Career Development Opportunities, and a Test Your Knowledge section.
What skills does this course help build?
It helps build verbal communication skills and career development.
