We are a Property Company and have noticed a trend of tenures of 2-3 years at mid and lower levels. Do you have any tips on how we can reduce turnover?

We would suggest trying to exploring how your team are feeling and why they are leaving so you can address the problem head on and would encourage:

  • Employee Pulse Surveys
  • Setting up a method to collect anonymous Employee Feedback – you could consider Zonka Feedback or Whisper channels on Slack
  • Exit interviews & Surveys

These could all be anonymised to provide Employee safety and you could incentivise completion by offering a coffee voucher.

In addition you could:

  • Review if you have been able to promote at those levels or if the lack of development opportunities is inspiring them to leave
  •  Looking at time recording in the team, and what time people are arriving and leaving to see if Work Life Balance is an issue
  • Review bonuses, salaries and pay increases to ensure they are in line with the market
  • Arrange quarterly coffees to ensure they can feedback any concerns they have and you can check they are finding the work interesting
  • Arrange socials in the team to encourage camaraderie and inter-office friendships
  • Organise a Strategy Day to ensure everyone is aware of the years objectives and how they can fit into the picture

📩 If you have a question please email questions@richmond-capital.co.uk

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