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3 Tips for Decreasing Employee Turnover in Your Small Business
One of the biggest problems that both small and big business owners currently face is the increase in the overall employee turnover rate. Statisticians have even termed the current surge in turnover as the Great Resignation, especially in America where corporate jobs seem to be taking a hit.
However, small businesses are the worst affected by this for two reasons. One, they don’t have the funds to deal with a huge turnover rate and two, they also don’t have the resources to constantly hire and retrain new employees. When money, manpower, and time is a constraint, it’s important to do everything you can to keep the business running.
In this blog, we’re going to cover some of the lesser known aspects of managing employee turnover and how you can decrease that in the upcoming months and years – let’s get right into it.
1. Find the root cause of the problem
This is the first thing you’ll need to do when you start noticing an increase in turnover, or at least predict that it’s going to increase in the upcoming months.
Figuring out why a majority of your employees are unhappy, or are looking to switch to another workplace can help you narrow down on the root cause of the problem, and then think of ways in which you can eliminate the problem or fix the issue your employees are facing.
However, if you skip this step, you may end up giving your employees solutions for problems they aren’t facing, while completely ignoring the main problem at hand. At the end of the day, you would have invested time and energy in solving problems that didn’t exist rather than focusing on the problem at hand.
Some of the best ways to find out what some of the honest problems employees are facing are by taking regular anonymous surveys and also communicating with them about their fears, doubts, and questions.
Having weekly Town Hall sessions has been proven to increase employee engagement, especially because they feel like their voice and problems are being heard rather than just filling in endless surveys online.
2. Employee recognition
It’s a great idea to implement an employee recognition program if you don’t already have this in place. By recognizing your top performers and hard working employees, you’re helping them feel appreciated for their efforts while also motivating them to continue giving their best for the company.
In most cases, employees quit their jobs when they no longer feel recognized or start feeling burned out. However, with the help of thoughtful gifts and tokens that you can find on sites like Ablerecognition.com, you’ll be able to fix this issue in no time.
Some of the best ways to reward your employees while also making sure that others don’t feel underappreciated is by being completely transparent with your rating system.
Whether you’re awarding them for their consistently great performance, highest sales success rates, or simply for completing a project that did really well that year – be very specific and open about how the decision was made.
This will not only make them feel more proud about their achievements, but will also prevent others in the company from feeling left out or like their work wasn’t noticed. You can also be open about it during performance reviews and talk to your other staff on how they also stand a chance of winning such awards based on a few changes in their performance.
All in all, it can be very useful when it comes to building a healthy work environment where people feel like their work is actually noticed and appreciated.
3. Make sure managers are approachable
Very often, it’s not the company that makes people leave but their specific managers who don’t treat them right. You may pride yourself on having a great work culture and environment, but you also need to have a look at how different managers are running their teams.
With the onset of the pandemic in 2020, the traditional work culture went through a huge shift and flexibility became the norm. Right now, employees have become accustomed to flexible routines for over 3 years and expecting them to go back to rigid restrictions can make them want to shift to a healthier environment.
To avoid unhappiness in the workplace, make sure managers are generally flexible and lenient when it comes to letting employees work from home a couple of days each week, and also allow them to go on vacation or take days off if they need to.
Taking paid time off is part of their package, and as long as it isn’t being abused, they should be allowed to use their leave days before the year ends.
Concluding thoughts
It just takes 3 things to ensure that your employees are satisfied and will not look to move anytime soon:
- A good work-life balance
- Recognition for a job well done
- Approachable management and flexibility when it comes to remote work
Also Interesting
How to Streamline Your Car Sales in Toronto? The Pointer for Car Sellers
Many car owners doubt whether selling their property is worth the hassle they may face during sales. That’s reasonable because a car is not a small item, and you probably spent much on its purchase at some point and regularly invested in it to maintain it in good condition. Then, selling it for pennies is not your choice.
We went ahead and contacted Topcashforcars.ca, a company that is reputed for giving the highest cash prices for cars in Toronto. Their approach is straightforward and reduces hassle for sellers who want to sell their vehicles profitably without the complexities of dealing with customers.
Choosing the Right Counterparty Is a Key to Success
First, have you already decided where and to whom you can sell a vehicle? That’s your #1 thing to do. Typically, the choice is either selling autos to individuals who want to buy a second-market car to save some dollars or to specialized companies engaged in car buying. These companies are diverse enough and they often offer good conditions for a seller although their pricing is diverse too.
How can you get in touch with such buyers?
- For individuals who buy second-hand vehicles, you can search on big Canadian bulletin boards online and sometimes, on social networks.
- For the companies to deal with, Google is your best friend to ask for help. However, our consultants, Topcashforcars.ca also are among these buyers, so you can make it even easier and apply to them.
What is more beneficial for a car seller at this stage? We can surely say that dealing with car-buying companies considerably saves you time. The whole negotiation process can take a couple of hours, so you won’t wait long and remain under pressure of uncertainty.
Making It Lighting-Fast Is Possible
The previous tip leads to another one: you can sell a car in a lighting-fast mode. Just do some easy preps like its examination at the service station to consider what price can you claim for it and clean it up. This takes no more than a day if you have a good service station in your neighborhood and it helps clearly understand the price and the condition of your car.
Then, you can ensure you set a real price by using special online calculators provided by the same car-buying companies. It may take just a couple of minutes and you’ll get a precise calculation based on your vehicle’s type, age, model, condition, and specific features.
Getting Cash Instead of Bank Transfers or Checks Is Faster
One more thing you can do to sell your auto as fast as possible is to sell it for cash. Bank operations often take additional days to be processed. Thus, even if you are lucky enough to get in touch with a good buyer quickly, and even if you conclude a deal in a day or two, it’s not guaranteed that you get money to your bank account similarly quickly. Applying for cash transactions you avoid troubles with banks and extra commissions for the transaction too.
As you can see, selling a vehicle can be eating pears for you if you plan your sale and follow the tips we shared in this article.
If followed, these recommendations can allow you to easily sell your car and make a handsome return in the process. It is even more rewarding because time and energy has become invaluable and cash for cars, Toronto based companies and specifically Topcashforcars.ca, will ensure the vehicle is sold for the best price with little input from the owner. When selling a car, it is ideal to do enough research, plan and choose the right buyers so that the car selling process is fast and efficient.
Also Interesting
New frontiers in prostate cancer treatment with Actinium-225
Prostate cancer is one of the most widespread malignant tumors in men. The pathology is successfully
treated in the first three stages, when the tumor can be removed or destroyed by radiation, but the disease at the metastatic stage becomes incurable. Surgery is usually not performed in such patients, and the main methods of treatment are hormonal and chemotherapy.
At a certain point this treatment stops working. 177Lu-PSMA-617 – Lutetium radiotargeted therapy,
becomes the next stage of treatment. A less common method of radiotargeted therapy is the treatment of prostate cancer with Actinium-225. It allows for a good outcome even in patients who have not responded to Lutetium therapy. In addition, the possibility of combined use of Actinium and Lutetium as part of tandem therapy is being investigated.
Principle of the method
Prostate cancer cells express a protein called prostate-specific membrane antigen (PSMA), which is not found in other tissues. PSMA is a target for the radiopharmaceutical. Once injected into the body, the drug accumulates only in tissues with high levels of PSMA because it binds to this protein. This results in a selective effect on the tumor and its metastases with minimal side effects.
Various radionuclides can be attached to ligands that target PSMA. The first such radionuclide was
Lutetium-177, which was synthesized in Germany in 2010, and its efficacy was first confirmed in trials in 2015. The good results were subsequently confirmed in a large study involving 13 university hospitals in Germany.
In recent years, Actinium-225 has been used instead of Lutetium. It destroys cancer cells with alpha
radiation.
Advantages and disadvantages of Actinium-225
Lutetium-177 is still considered the mainstay of radiotargeted therapy for castration-resistant prostate
cancer. However, Actinium is also used in certain situations, usually in patients with advanced cancer who have not responded to Lutetium treatment or when the efficacy of 177Lu-PSMA-617 has decreased after several courses (cancer progression has resumed).
Advantages of Actinium-225 over Lutetium-177:
● More pronounced effect due to alpha radiation causing double-strand breaks in DNA strands
● Less toxic effect on bone marrow and hematopoietic function due to shorter recovery time
● Works even in cases where the cancer is progressing against the background of Lutetium therapy
However, it is worth considering the disadvantages of this method:
● Limited evidence base compared to Lutetium
● Higher incidence of side effects, especially dry mouth
Who is a candidate for Actinium therapy
Radiotargeted therapy with Actinium is considered a novel treatment. The technique is indicated for
patients with metastatic castration-resistant prostate cancer (MCRPC) who:
● Have received Lutetium radiotargeted therapy but have not responded to it
● Have responded to Lutetium radiotargeted therapy, but have stopped responding after several
courses of treatment
● As part of tandem therapy: when Actinium and Lutetium are used in reduced doses
In summary, Actinium therapy is one of the last treatment options. It is used when chemotherapy, hormone therapy, radiotargeted therapy with Lutetium, and possibly targeted therapy (in the case of BRCA mutations, which occur in 28% of patients with metastatic prostate cancer) have already been tried. In addition, the choice of treatment tactics takes into account the location of the metastases. In the presence of predominantly bone metastases and pain syndrome, radionuclide therapy with Radium-223 is preferred, and in the presence of predominantly organ metastases, radiotargeted therapy with Lutetium or Actinium is performed.
If you want to undergo innovative treatment in Germany, visit Booking Health website. Our team will find a clinic for you and organize your trip.
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