It is no secret that the New Home Builder industry is experiencing a tight labor market. We've been observing that some of our Builder clients are investing more time in employee retention, training and development -- which makes a lot of sense. In any market, employee turnover is expensive. In a tight labor market, the impact of employee turnover is multiplied. So we are devoting today's post to a list of content resources that will enable you to take action (incrementally) to add some more employee retention tactics into your company culture. When labor is tight, it feels like there is no time to step back and think about developing people, but it's actually more important because employees lost to a competitor are harder to replace in a tight labor market. The good news is that you can take it one step at a time and make an impact. We've scoured the digital world to see who is creating simple, actionable digital content you can use to try a few new employee engagement tactics and begin working on your employee retention program. Here's our list for today's post:
- We found ERC who is an HR Consulting firm producing excellent content. We are sharing their 100 actionable ways to retain employees. It's a perfect list to bookmark and return to weekly to add something new to your workplace culture. A small step can sometimes go a long way.
- Construction Dive is part of the series of publications that borrow from the idea of a "deep dive" look at industries. They summarize the deep dive learning and save business professionals a ton of time. This is a short list of 5 Actionable Ideas to Attract and Retain great Construction professionals. The ideas make sense for New Home Builders too.
- If you are like most people, you may not be able to impact the total company-wide corporate program for employee engagement, but you may have a team that you lead. If you have a team, it's easy to get immersed in the daily grind and forget that there are simple, but important steps all team leaders can take to keep employees engaged. Inc. Magazine does a good job of breaking down their ideas into actionable tasks. Here's their article 9 Remarkably Effective Ways to Motivate Your Team.