Employee turnover can be a significant challenge for businesses of all sizes. High turnover rates can lead to increased costs, decreased productivity, and a negative impact on company culture. However, there are several strategies that businesses can implement to reduce employee turnover and retain their top talent.

1. Offer competitive compensation and benefits.
2. Wages have increased immensely over the past year or two. Here is a wage tool, that is updated quarterly for the state of Wisconsin, that can help you determine if your wages are competitive in today's market. 
3. In addition to competitive wages, a comprehensive benefits package is an effective ways to reduce employee turnover. This includes salaries, bonuses, health insurance, retirement plans, and other perks such as flexible work arrangements. When employees feel that they are being fairly compensated for their work, they are more likely to stay with the company.
4. Unsure what your employees want? Try using a stay interview to see what your staff wants then work with your executive team to implement those items. 

Please answer the following questions and be as honest as you are able. The more we know about the good, the bad, and the otherwise, the better we can become as a company. Thank you for your feedback!

1. The last time you went home and said “I had a great day, I love my job!” what had happened that day?

2. The last time you went home and said, “That’s it, I can’t take it anymore!” what had happened that day?

3. What is really different here that makes you proud to be an employee?

4. What do I do as a manager that you value the most?

5. What do you wish I would do more of as a manager?

6. What do you like the most or least about working here?

7. What might tempt you to leave?

8. What talents are not being used in your current role?

9. What would you like to learn here?

10. What motivates (or demotivates) you?

11. What can I do best to support you?

We recommend conducting these at least twice a year, if not quarterly. As the world changes, so do our employees needs.

1. Provide opportunities for growth and development. Employees want to feel that they are growing and developing in their careers. Providing opportunities for training, mentoring, and career advancement can help employees feel valued and invested in the company. This can lead to increased job satisfaction and a lower turnover rate.
2. Foster a positive company culture. Company culture plays a significant role in employee satisfaction and retention. A positive company culture can help employees feel connected to their work, their colleagues, and the company's mission. This can be achieved through team-building activities, social events, and recognition programs that celebrate employee achievements.
3. Improve communication and feedback. Effective communication is essential for building strong relationships between employees and their managers. Regular feedback and open communication can help employees feel heard and valued. This can lead to increased job satisfaction and a lower turnover rate. Regular feedback means as often as possible. Don't wait for an annual review to offer feedback. Constructive feedback at all times, including positive and negative, is important. As younger generations enter the workforce, the need for constant feedback increases.
4. Hire the right people. Hiring the right people from the start can help reduce employee turnover. This means identifying candidates who are a good fit for the company culture and have the necessary skills and experience for the job. Conducting thorough interviews, behavioral assessments, and reference checks can help ensure you are making offers to the right candidate.