One of the most crucial things in business is keeping your top employees. Not only will your business be more successful with amazing employees, but your customers will be happier, production will increase, and your overhead costs will more than likely decrease. Retaining your employees is one of the best things for your company.
But sometimes that isn’t easy. Employees leave for several reasons. Commute times. Better pay. Disagree with management. The list for why employees leave goes on and on. However, with the right tools and strategies you can retain your employees and keep your business successful.
One of the things top employees look for in an employer is recognition. If they’re going to work hard for you, then they want to be recognized for that. For many employees, this isn’t a question of pay. Sure, raises go a long way, but most employees are looking for more than that. If they do a great job with a campaign, make a top sale, or cover for a coworker who is on vacation or sick, then do something to recognize your star employee’s job well done.
Employees are looking for transparency and understanding when it comes to their roles and the company they are working for. Managers, supervisors, HR, CEOs, owners, anyone who is in charge of someone else should be in constant communication with those who work under them. When you successfully engage employees, you can better understand them, their points of views, and what changes they’d like to see at the company. Engaging your top employees can help you retain your employees.
While retaining employees is important, you should also focus on developing your employees. Give them the tools they need in order to grow
as an employee and as an individual. For some, this may mean a continued education program, budgets to attend conferences, or even a community improvement day. By helping your employees develop, you’ll end up retaining them.
It’s no secret that a lot of employees leave companies for better benefits. This doesn’t always mean more money, but sometimes it does. Benefits can mean money, insurance, PTO, holidays, flexible hours, flexible schedules, and a lot of other things. When you offer these benefits to employees, they are more likely going to stick around. All of these things further employee engagement, employee happiness, and overall productivity.
Retaining your employees comes down to a few key things: recognition, engagement, development, and benefits. In order to keep your star employees from jumping ship, you need to assess these things and make the necessary changes.
What do you do to retain your employees? Leave your tips and suggestions in the comments below!