How to Develop and Retain Your Employees Throughout Their Careers
How to Develop and Retain Your Employees Throughout Their Careers

How to Develop and Retain Your Employees Throughout Their Careers

With two out of three employees disengaged at work, today’s companies must deal with lower productivity, higher turnover costs and an overall decrease in growth. But it doesn’t take a lot of effort to produce big results: a 5% increase in employee engagement has been shown to lead to a 25-85 increase in profits.

Employee engagement is about everyday interactions with your employees that show them you care about their career. That’s why it’s so important to engage employees during every stage of their employment, from recruiting to onboarding to their day-to-day jobs. Here are three ways to develop, engage and retain your employees on an ongoing basis:

1. Recognize them for a job well done

Studies have shown that 58% of the difference between high and low employee performance is predicted by recognition. In addition, employees who receive recognition are seven times more likely to stay with the company. Recognition can be as simple as writing employees a message on their birthdays or work anniversaries, taking the time to say “thank you” for a job well done or sending them a handwritten note.

2. Review their performance and drive conversation

A formalized, consistent performance review process helps motivate career conversations and lets employees know their development is important to you. Having open conversations with employees about their job performance and career goals and offering constructive feedback increases their engagement.

3. Understand what makes them tick

Having the right employee data and analytics, such as reports on compensation, benefits, employee tenure, demographics and certifications, can help you better understand your workforce and allows you to make strategic decisions. In addition, having quick-and-easy access to employee information such as birthdays, children’s names or hobbies can enable you to engage with them on a more personal level.

For more guidance on engaging your employees throughout their career at your company, download the whitepaper *Employee Engagement: Why You Can’t Afford to Get it Wrong


Sources: Gallup’s State of the American Workforce Report, People Metrics Employee Engagement Report, Lizz Pellett, Bob Nelson

More to Discover

Case Study: Buy Sod

Case Study: Buy Sod

Buy Sod Inc. Partners with Paycor to Pay Employees & Maintain Tax Compliance “Because we’re a niche company, our administrators sometimes have trouble uncovering and implementing best practices. But when we partnered with Paycor they brought the expertise and thought leadership to help us overcome tough challenges like the new EEO-1 report. Paycor has the patience, knowledge and resources to help us stay ahead of problems and grow.” - Jennifer Hillard, Director of People and Culture Why Buy Sod Inc. Chose Paycor In 2002, three family businesses came together to create a network of sod farms that operate and distribute around the country. But with ten locations and eighteen different payrolls to process, Buy Sod Inc. struggled to...

Achieve Your People Management Goals

Achieve Your People Management Goals

People management is at the heart of everything you do. But it’s easy to get overwhelmed with the day-to-day tasks necessary to keep your business running. We can help you get out of the weeds.Paycor’s core HR solution for all employee data dramatically reduces admin—you’ll never have to switch platforms, log-in to multiple systems or re-key information. We build HR software for leaders who want to make a difference. For 30 years, we’ve been listening to and partnering with leaders of medium and small business, so we know what they need.We’re here to help you build a great place to work, where people thrive and grow. Let’s get started! Take the People Management Benchmark Quiz

Webinar: Are you Scheduling Like a Pro

Webinar: Are you Scheduling Like a Pro

Our best-in class Scheduling solution coupled with Paycor's expertise and insight will allow you to take your scheduling solution to the next level - increase productivity, track labor costs and engage employees with Paycor Scheduling.Speakers: Rob Whitworth and Lyle WeissingerRob Whitworth is a Principal Product Manager for Paycor's Perform Time solution. He has been with Paycor since 2013 and has been in the time and attendance industry for 17 years.Lyle Weissinger is a Senior Product Marketing Manager for Paycor's time solutions.

How Paycor’s Restaurant Scheduling App Can Help Your Business

How Paycor’s Restaurant Scheduling App Can Help Your Business

The Most Effective Restaurant Scheduling Tool Paycor’s restaurant scheduling software makes it easy to ensure you always have your key people where you need then, when you need them. Create efficient schedules faster than ever, inform employees immediately, and empower staff to collaborate and swap shifts to solve scheduling issues. Everything in One Place: How can Paycor Scheduling help your restaurant? Effective staff scheduling is vital for any restaurant business to succeed. Managers have enough on their plates, even without keeping track of employee availability and trying to please everyone—waiters, chefs, hostesses and bartenders—with perfect schedules. Paycor Scheduling helps managers save time and money, by creating efficient...