Employee retention technology helps organizations engage, evaluate, and reward employees. Employee retention is critical to the health and productivity of any organization, and as such, has become a focus of investment in recent years. The apps, software, and tools available to businesses can be instrumental to maintaining and building their workforce and hopefully reducing the costs and risks associated with turnover.
For insights on the best technologies for employee retention, read the findings below.
Recruiting Software
Hiring the right employees is one of the most critical aspects of employee retention. Failing to find employees who fit a job’s requirements and the company culture is a common mistake that can cost businesses a lot of money. To improve recruiting, a comprehensive software and credit history check for employment should be sufficient to screen and qualify candidates. Better hiring decisions can directly lower turnover rates.
Key features to look for in a recruiting software:
- Varying subscription options
- Custom job applications
- Applicant data sharing
- Branding
- Chat bots
- Internal job board
- Employee referral programs
- Collaborative interface
Streamlining recruitment tasks can increase the efficiency of an organization’s hiring process. Substituting an on-site or full-time recruiter for software is also highly cost-effective.
Employee Feedback Management Dashboard
Feedback is an invaluable tool for every type of organization. It also makes employees feel valued and improves employee engagement. A dashboard that allows businesses to obtain and manage employee feedback can help facilitate this need in a controlled environment.
Key features to look for in employee feedback management tools:
- Survey administration
- Organized results
- Analytics
- Useful data and insights
- Anonymity
- User-friendly dashboard
- Low-maintenance interface
The right employee feedback management software will be able to scale with a business as it grows.
Benefit Administration Software for Employee Retention
Employee benefits are a primary differentiator for many businesses. In addition to offering competitive benefits, organization’s need to ensure that they are easily accessible and manageable. This is where a benefit administration software becomes necessary.
Key features to look for in benefits administration software:
- Onboarding service
- Self-service portal
- Fully online
- Data security
- Carrier connections
- Easy-to-use dashboard
- HIPAA Compliant
A comprehensive benefits software is highly recommended, meaning that in addition to benefits, it also includes HR, payroll, and time and attendance functionalities. Managing recognition and rewards for employee performance through benefits software is also advantageous since the two concepts are related.
Project Management Tools
Reducing confusion, inefficiencies, and frustration with project management software is important to employee satisfaction.
Key features to look for in a project management system:
- Task management
- Prioritization
- Project planning
- Scheduling
- Time tracking
- File sharing
- Team communication
- Project dashboards
- Customizable reporting
Depending on the size of the complexity of an industry, certain organizations may need more or less sophisticated project management tools.
Messaging Apps
A messaging app is highly recommended for internal communications. This will allow for real-time collaboration and problem solving. Teams can also usually create their own channels to manage certain projects for better organization. Additionally, company-wide messaging apps can help foster workplace relationships.
Key features to look for in a messaging app:
- Smart search functionality
- Compatibility with other apps
- Shared channels
- Integrated file sharing
- Access to full message history
- Corporate exports for all messages
- Two-factor authentication
- Channel posting permissions
Communication software and apps should also have a readily available support team to assist with connectivity and functional difficulties.
Final Takeaways
It behooves any modern organization to implement the latest technologies to improve employee satisfaction and retention. Utilizing these tools, apps, and software can foster a stable, positive work environment that will not only benefit individuals but overall productivity and the business’s bottom line.
When considering which technologies to invest in, a business should consider the needs of the organization, the cost, and the potential benefit. Selecting technologies that work toward the overall betterment of processes, workflow, and employee management will yield the best outcome.
Please note that proper planning and implementation of new technology is essential. Before using any of these tools, apps, or software on a full scale, it is highly recommended that leaders who will be helping with implementation are thoroughly educated on how to best use them. Testing new resources in small groups or on a demo basis can help aid in a smooth roll-out to the company as a whole.
Improved employee retention is well worth the effort.
