This is a guest post for the MELD Coworking blog written by Pam Verhoff.
High turnover is one of the most challenging and difficult situations that employers face. When valued employees walk away from their jobs, it has a negative effect on a business’s revenue, profitability, and even its remote team.
Although small businesses and entrepreneurs can’t prevent people from leaving for greener pastures, there are effective ways to combat high turnover. If you’re looking to retain a high-caliber workforce, read on to learn about the impacts of high turnover on remote teams and how you can combat it.
Increased staff turnover can have a negative impact on those who stay behind and work remotely. Workplace morale can dip significantly and trust in your company’s management may be questioned.
Moreover, when colleagues leave, it can be difficult to motivate employees to share in the vision of your business and perform at optimal levels. All of these factors can create insecurity for the remaining workforce, and remote employees may start to lose faith in your organization.
Less Effective Service
When valued employees leave the company, it could result in increased workloads and responsibilities due to a lack of an active or trained workforce. Remote teams are not immune to this effect.
Remote workers may struggle with learning new job duties and procedures on top of their normal workloads. This can affect team dynamics and communication with in-office employees, which affects overall productivity.
Remote teams also can feel burned out or stressed as they try to make up for the lost productivity caused by turnover. As more employees leave, the workload can become unmanageable, leading to additional resignations.
Most remote workers would prefer to concentrate on accomplishing goals, but high turnover can cause distractions and shift their focus to treading water and returning to the status quo. This can impact productivity as well as the quality of your products and services.
Remote employees may consider working from a coworking space to increase focus and productivity. Coworking involves employees from different companies working independently or collaboratively in a shared office space.
Strategies to Reduce High Turnover
The following are effective steps that small business owners and entrepreneurs can take to ensure employee retention of their remote workers.
Build a corporate identity
Organizations with an engaged workforce and a clear culture in place are more likely to attract and retain top talent among their remote teams. Prioritize a culture where employees who telecommute feel valued for their individual and team contributions.
Hire top talent
Establishing stronger hiring practices for remote workers can ensure that a candidate is a good fit for the job and your company culture. Consider the expertise of an outside recruitment firm to steer you in the direction of stronger job candidates.
Provide effective feedback
Delivering applicable feedback helps remote employees have an accurate understanding of their performance within the company. Without it, they may feel disengaged, undervalued or unsure about their future at your company.
Employees are the backbone of any business’s success, but when they leave, the ripple effect can be felt throughout the entire organization. These effective strategies have the potential to counteract high turnover and restore stability so you can retain your valued remote employees.
Author Bio: Pam Verhoff is President of Advanced RPO, a talent acquisition company in Chicago, IL. Verhoff has extensive experience in building RPO businesses and solutions, as well as developing growth strategy.