Four inexpensive ways to improve staff retention in your start-up

Employers
young workers at work


At Tiger, one of our areas of specialism includes creative industry recruitment in London, with many businesses in this space falling into the start-up category. As a small business with a sometimes-limited budget for employee engagement and retention strategies, we’ve collated four inexpensive ways to maintain and improve staff morale, productivity and engagement.

Build trust through open communication

As most start-ups initially employ a small team, it’s so important to maintain open and transparent communication across the business, from the top down. As an employer, this will include keeping all staff members in the loop regarding business performance, market updates and how their roles impact business success. This will instil confidence and trust among your employees, which are essential to their commitment to you in the long-term. In addition, facilitating regular 1:1 meetings between staff and their line managers will serve to give you constructive feedback about how the business is run; acting on it where applicable will assist with the development of a culture of open communication from the outset.

Training and development

Offering your employees training and developmental opportunities demonstrates your commitment to investing in your employees’ long-term goals. The best part? It doesn’t need to cost a thing. Mentoring programs, for example, provide a fantastic opportunity for senior members of staff to coach and encourage the career progression of younger members of staff. Conversely, reverse mentoring – where emerging tech-savvy employees coach senior staff members – can also provide a fantastic opportunity for both parties to learn and develop.

Alternative career progression

Career progression needn’t be limited to a traditional promotion ladder, especially if the start-up doesn’t subscribe to a hierarchical structure. Alternative types of development and progression are available – and a start-up office usually offers the perfect environment to do so. Lattice progression, for example, where an employee is promoted sideways or diagonally, offers employees new challenges and learning opportunities without necessarily increasing salary packages.

Shot of a group of colleagues having a meeting at a cafeTeam recognition

Let’s be honest, everyone wants their hard work to be acknowledged and appreciated! Fostering a supportive working environment within your workplace will encourage a positive working culture conducive to productivity and loyalty. While attractive workplace benefits have their place in larger companies with bigger budgets, in a small start-up celebrating small successes is incredibly important. This needn’t be a costly exercise: while some employers might recognise staff with quarterly ‘awards’, a simple email to the wider business will go a long way to publicly recognising their success and make your employee feel appreciated.

When it comes to media industry recruitment, Tiger matches fantastic support staff to companies around London and further abroad! Please get in touch today to find out how we can help you find your next great hire.

Author Rebecca Siciliano Tiger Recruitment Team

Looking to hire a temp this Christmas? We’ve got you covered

Tiger Recruitment operates across multiple divisions for all manner of temporary requirements. From same-day requirements through to long-term contracts, we can assist when your team needs some extra support. At Christmas time, particularly, you may find yourself understaffed or operating on a skeleton staff. We’ve put together a guide on how Tiger can help find

Read more

Five easy ways to hold onto your receptionist

Retaining a good receptionist for the long term can be a difficult task, but it’s critical if you want to ensure consistency and quality of your client service delivery. Here are five tips you can follow to make sure you hold on to your star receptionist. Treat them with respect A receptionist can be treated

Read more

Newsletter

Sign up for the latest workplace insights.

Are you: