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.
