6 Strategies to Boost International Employee Retention
Hiring international talent is the first step to building a top-performing global team. However, companies need effective strategies to empower and retain their workforce. In an era where companies are competing for top international talent, leaders are channeling their efforts towards engaging and retaining their global workforce to sidestep local skill shortages.
Compensation and benefits are always on job seekers’ minds and are often deciding factors when contemplating different employment opportunities. But the current workforce is looking for more than just a competitive salary — factors such as career growth opportunities and access to learning and development programs are now tipping the scales. Global talent acquisition trends show that employees now prioritize their personal time, mental health, wellness, and work-life balance more than ever before.
Companies must first understand employees’ needs in order to cater to them — to achieve this, HR professionals must tailor specific skills to improve the employee experience and support long-term engagement and retention for remote global teams.
Here are 6 key strategies you should consider if you want to secure top international talent:
1. Update your work model
Research conducted by Workplace Intelligence and WeWork found that flexible work policies are gaining popularity. In fact, lack of flexibility is one of the main reasons for employee resignation. Employees want options apart from the traditional 9-to-5 office jobs. Hybrid models and remote-first companies are attractive options that also give employees flexible schedules. Updating your work model by adding flexibility will result in higher job satisfaction ratings and employee engagement.
2. Pay attention to feedback
Sending out surveys and asking for feedback is an effective strategy to learn about your employees’ perspectives and needs. It’s an important metric that allows companies to determine whether they are meeting expectations or falling short. But this information is useless if no action is taken. If you collect employee feedback, put it into practice by implementing changes and making adjustments. According to qualtrics, listening and acting on feedback builds trust and is an important precursor to employee engagement and well-being
3. Focus on work-life balance
Employees who don’t have a good work-life balance will likely reconsider their future at your company, so designing wellness initiatives is critical. Now that more people are working remotely, the line between work and home has started to blur. Employers must build a company culture that prioritizes employees’ well-being, which means giving them more control over their work, flexible schedules, reasonable workloads, and emotional support.
4. Empower autonomy
According to research conducted by the American Psychological Association, employees who work in an environment that supports autonomy — which means giving employees the freedom to work in a way that suits them — tend to feel more engaged and empowered, leading to greater probability of retention.
5. Cultivate inclusion
Cultivating inclusion can positively impact employees’ well-being, performance, and productivity. Inclusion is also key to a rich company culture, which leads to innovation and creativity. Diverse teams give employees a sense of belonging and connectedness to the company. Employees with a strong sense of belonging are six times more likely to be engaged.
6. Promote communication and collaboration
Promoting communication and collaboration leads to a positive employee experience. With open communication, employers can build trust and engagement among teams. Collaboration is also key to a more transparent, productive, and happier workplace, and therefore, higher retention rates.