SALT LAKE CITY, Sept. 12, 2018 /PRNewswire/ -- As students
embark on a new school year, the fall is also a good time for
employers to hit refresh, and today Bridge, an employee development
suite from the makers of Canvas, provides employers and managers
with "back-to-school" tips and key insights on employee
retention.
In Bridge's recent survey Generational Differences in Workplace
Loyalty, employee loyalty is cited as a pressing issue for
managers, especially as they try to juggle employees' differing
expectations and desires depending on their age and generation.
"With employees taking longer to retire, and as Generation Z
begins to enter the workforce, it's imperative for businesses to
appeal to a variety of different generations," said Matt Bingham, VP of Bridge. "Managers should be
aware that each generation has different preferences for what makes
a workplace enjoyable and what techniques drive them to stay
engaged throughout the day."
Turnover is contagious and expensive. According to Bridge, 25
percent of annual turnover is voluntary, and 75 percent of that
voluntary turnover is influenced by a manager's behavior.
Bridge has four tips for what managers can do to influence their
employees to stay engaged and loyal to the company for the rest of
the year.
Give feedback, take criticism
Workers who receive
regular feedback are three times more likely to be engaged; yet,
currently only 13 percent of workers feel their managers help
them set performance goals. To create better feedback loops, allow
employees to set their own performance goals and plans for
success.
Create teams where everyone can hone leadership
skills
Research shows that peer assessments can help
identify skills gaps, and 89 percent of executives think the skills
gap can be filled with worker training. Allowing for employees of
different generations to combine their skills in team settings will
bring strengths together while allowing autonomy for each employee.
Not only will this collaboration allow for employees to learn from
one another, but they will also be able to more accurately assess
each other's work.
Make time for cross-generational mentorship
Once
employees have the ability to work in teams with members of
different generations, doors will open for mentor-mentee
relationships. In fact, 69 percent of employees say they would
work harder if they felt their efforts were better recognized.
Through relationships like these, employees will feel heard and
gain new perspectives on their work.
Take exit interviews seriously
Feeling appreciated is
the main driver of employee engagement, and retaining engaged
employees is incredibly cost-effective. When losing an employee, it
takes an average of 52 days to hire a replacement and costs 50-75
percent of that replaced employee's annual salary to recruit and
hire someone new. Employers should take note of why employees are
leaving and use that information to enhance other employees'
experiences. Learning from past mistakes and implementing new
strategies is the best way to drive your company forward and retain
employees, regardless of generation.
To learn more about Bridge, or to see a product demo, visit
booth #2522 at the HR Technology Conference & Exposition, at
The Venetian Las Vegas, September
12-13, or visit our website at
https://www.GetBridge.com/.
ABOUT BRIDGE
Bridge, from the makers of Canvas, is an
innovative, outcome-focused employee development suite that
empowers businesses to develop their workforce, ensure a better
employee experience, and increase employee retention through
performance and learning management software. That way, businesses
take care of their most valuable asset—their people. Learn more at
www.GetBridge.com.
ABOUT INSTRUCTURE
Instructure, Inc. (NYSE: INST) is a
leading software-as-a-service (SaaS) technology company that makes
software that makes people smarter. With a vision to help maximize
the potential of people through technology, Instructure created
Canvas, Gauge, Arc and Bridge to enable organizations everywhere to
easily develop, deliver and manage engaging face-to-face and online
learning experiences. To date, Instructure has connected millions
of instructors and learners at more than 4,000 educational
institutions and corporations throughout the world. Learn more
about Canvas for higher ed and K–12, and Bridge for the corporate
market, at www.Instructure.com.
CONTACT:
Becky
Frost
Sr. Director, Corporate Communications
Instructure
801-869-5017
becky@instructure.com
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SOURCE Bridge