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How to retain good employees

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shibli:

How to Retain Good Employees

These days, one of the hottest commodities in business is a skilled employee. Employee retention is key to continued success for any company, regardless of size.

   1.
      Step 1

      Determine what motivates your individual employees. For most employees, money is not the key issue; relationships, fulfillment and recognition are.
   2.
      Step 2

      Notice how much recognition an employee needs. Some employees can go years without praise, whereas others will leave after six months.
   3.
      Step 3

      Understand that many employees are motivated by their social network at work. Encourage activities that make your employees feel like valued members of a team.
   4.
      Step 4

      Realize that incentives don't have to be huge. A surprise gift certificate for the local ice cream parlor in the weekly paycheck will generate positive feelings.
   5.
      Step 5

      Make benefits more accessible. If your company reimburses tuition for university courses, have a university administrator come to your company so employees can find out about classes and programs.
   6.
      Step 6

      Consider telecommuting, job sharing and other flexible working arrangements.
   7.
      Step 7

      Offer profit sharing incentives to encourage longevity.
   8.
      Step 8

      Create clear career paths at the company.

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