Employee Surveys Are Effective Methods to Retain More Employees

According to a Cvent Web Survey white paper, “Companies that encourage or engage their employees to provide ideas and suggestions have consistently higher employee retention rates.”

Businesses invest too much time and money in each employee they lose, and to find a replacement. In fact, the same Survey found that “it can cost 10 times more to hire and train a new employee than it does to retain one.”

An employee survey is one of the most effective and inexpensive methods to engage your employees, so they feel empowered to contribute to the direction and success of the company.

Make sure your surveys are anonymous, so employees can provide honest feedback without any fear of retribution. Structure your surveys, so employees can answer questions or make comments that relate to their position or division of the company. Finally, share the survey results with your employees, even though some of those results may be negative, because only then will they feel they’ve made an impact and be willing to implement new ideas.

Filed under: Employee Management

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