One of the primary challenges organizations face is employee retention and productivity. In this ever-growing tech-savvy world, having an Intranet has become a necessity to keep an eye on their performance to improve retention rates. Several reasons might be there for employees leaving companies very often. Thus, why you need to learn about the benefits of the intranet to decide whether you require it for your business.
Even while you might not be able to change this overnight, you can use the Intranet to concentrate on improving talent retention. Losing a talent might cost your company much more than providing more rewards.
Talent replacement generally costs twice as much as the employee’s yearly wage. Not to mention, it might be expensive for the business to hire, onboard, and train new employees. What might be possible for you, then, to retain your talented employees? Is a workplace intranet helpful? Wait, we’ll answer everything below. Let’s find out!!
Can Intranet Help Improve Talent Retention?
The ability and capacity of organizations to retain their talented employees is known as employee retention. Why should a company’s turnover rate be below? A high turnover rate not only costs money but also indicates a toxic workplace environment. Most people leave their jobs in search of better ones that fit their needs and after evaluating their work-life balance.
If you’re having trouble keeping talent, you should develop an employee retention strategy that takes into account the most common reasons people leave their positions. A suitable way to start is by investing in an intranet!
Lack of communication, a bad work culture, flexibility, stress, and burnout can all be reduced using an intranet or employee experience platform (EXP). Employees may interact, collaborate, and connect in this digital workplace. But first, let us learn about the great benefits of the intranet.
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Best Ways to Use Intranet for Talent Retention?
Want to know the best ways to use Intranet for boosting employee retention rate in your organization? Here’s all you need to know:
Onboarding
Have you ever thought about how organizations retain their talent? Approximately 33% of workers quit their jobs within the first three months. It is because of the lack of an appropriate onboarding process. Most businesses fail to keep their employees happy due to the lack of guidance in their first few weeks. As a business, you need to improve your onboarding process with an excellent process to lower attrition rates for new workers.
An intranet can be utilized as a tool for onboarding, particularly if your company enables remote or hybrid working arrangements. In essence, an intranet has all the information new hires want, such as personnel directories, company news, and regulations and procedures.
One of the greatest benefits of Intranet is it makes your onboarding process simpler to allow new employees access to crucial data and documentation. So, do you think it is the most appropriate option for your employee’s growth and productivity?
Build a Positive Workplace Culture
Your firm’s values, mission, and purpose are only a small part of your company culture. The relationship between the management and employees is the foundation of a good corporate culture. Hence, building a positive workplace culture is among the greatest benefits of Intranet. Digital technologies are essential for developing a positive business culture in organizations with offices spread out across the nation.
By providing an inclusive, approachable, friendly, and dynamic area where it serves as a source of truth and where employees can connect to share ideas, interests, or events, an intranet may boost your business culture.
Maintaining articles and videos of your CEO or management updates can help to promote this cultural factor, especially in cases where access may be restricted or if there is a worldwide component.
Encourage adaptability
More workers today are looking for flexible work arrangements. Thus, it is one of the greatest benefits of intranet for organizations. Offering hybrid and remote working options requires digital technologies. This is made possible by an intranet since it gives employees access to corporate data from anywhere. Your intranet can support your employee retention strategy if it offers the appropriate features. So if you want to give your employees the flexibility they deserve, Intranet can be an ideal option. Assess their productivity, encourage them for their work, release new training courses, and all with just one solution.
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Program for Employee Recognition
Recognizing your staff for their accomplishments and rewarding their efforts helps boost productivity and inspires them to perform at their highest level at all times. Employees will lose motivation if they don’t feel appreciated or recognized. Fortunately, the most effective approach to executing an employee recognition program is through your intranet.
By praising your staff, you may demonstrate your appreciation for their contributions to the team and business success. There can be several benefits of an Intranet. However, the best part is the ability to reward your employee for their good work. Reward staff members for their innovative problem-solving, superior customer service, good teamwork, or other admirable traits such as:
always punctual
- amazing responses
- Fresh Concepts
- Worldwide Champion
- Achieving goals
- Higher performance
- Kudos new employee
- Possibility seeker
- Awarded a prize
- Leading performer
- Superman/Superwoman
- Leading contributor
However, keep in mind that you can reward your staff on the Intranet, too! Check out these platforms and employee recognition software if you want to add something more to your recognition strategy. For example, Nectar provides a space for peer-to-peer recognition, which can be just as valuable to staff as manager-to-employee praise.
Communication
Most employees believe their boss does not communicate with them or doesn’t keep them updated about recent developments or events. It is one of the reasons why most employees leave the company. Disengagement is a result of a lack of communication, which also affects employee turnover.
One of the greatest benefits of an Intranet is it informs employees of current happenings and forthcoming activities. Increasing employee visibility will foster leadership, transparency, and trust. Additionally, it will provide workers with a sense of belonging and connection to the company.
A company calendar listing forthcoming social and business activities as well as important guest visits, for instance, can be useful. To ensure that no one is left out, Schedule clearly and concisely highlights upcoming events.
Conclusion
The intranet has become a savior for organizations that want to keep talent and nurture them for their business’s growth. With the above benefits of Intranet, you can understand how it can be an ultimate method to improve your employee’s productivity and boost retention rate. Intranet has become an excellent option for businesses to improve their work culture and productivity rates.
Get all the information related to your employees at your fingertips. Analyze their behavior and assess their issues to reduce hurdles during the work. We hope you are now ready to give it a try. Keep following our blogs for more information and don’t forget to share your thoughts in the comment section below.
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