[aa_subtitle_display]Employee retention is an extremely important aspect of your company that is worth focusing on. The less turnover your business experiences, the less money it costs to recruit, hire, and train new employees.
Furthermore, a high retention rate means that employees are happy at your organization as well as loyal to the brand and culture that you have created – both good signs when you are a business owner, that is for sure!
With that being said, we know that you are interested in improving retention rates however you can. And, one of the aspects that is becoming more and more prevalently linked to higher retention rates is technology.
What role does it play in keeping employees happy where they are? There are several ways that it has an effect. We will tell you below.
The Role of Technology in Employee Retention
Improved technology enhances communication
The advanced technology that we have at our fingertips allows for easier and more fluid communication between teammates, managers, and company leaders.
From company emails to emergency alert systems, from company instant messaging services to crystal-clear video conferences, it seems there is an endless array of options when it comes to how we reach each other in and out of the office.
This ease of communication can help employees to feel more in the loop on the happenings of the organization and reduces stress overall, making companies that utilize these tools more likely to have higher retention rates.
Up to date technology is attractive to employees
Simply put, people like using the most up to date technology. It’s as easy as that. Using the latest iPad or laptop is exciting.
It makes people feel like they are working for an innovative company that is willing to spend the money to take advantage of the latest advancements.
The ease of use of this technology, too, is attractive to employees, especially when it involves working on the go amidst hectic schedules – whether they are telecommuting or on a business trip.
It provides more flexibility
As we’ve discussed before in blog posts, advanced technology can provide employees with more flexibility in their schedules.
Companies that take advantage of technology to allow telecommuting offer an attractive perk to employees in giving them an easier work-life balance.
Allowing employees to telecommute, even occasionally, can also help them save money and time whether it be from decreased commuting time, decreased dry cleaning cost, or decreased childcare cost.
The benefits are endless and this is definitely something employees consider as a job perk.
How a PEO Can Help
PEOs are dedicated to helping your organization retain top talent and save money in any way possible.
Through their expert knowledge, extensive experience, and deep understanding of the corporate world, they will act as a guiding resource in directing you towards the best way to use technology at your business to reduce turnover.
To be matched with the PEO that will work best with your company, call us to receive a complimentary competitive analysis.