How to retain your best employees
Hiring great employees is difficult but keeping them in your company for a long time is even more difficult. It can be challenging to try and please everybody and for everyone to like their job. A low turnover rate is critical for the success of many businesses since it is costly to recruit and train a new employee.
The more you retain your employees the more productive your business is especially if you manage to retain the good ones. There are many ways to keep your employees within the company. Below you can find some suggestions on how to retain your best employees at your place of business:
1. Study Your Work Environment And The People You Work With
As a business owner or manager, it is important to get a feel of every person who works at your company. Take some time to get to know your employees and ask questions about what your employees think of working there and how it can be improved. Be aware and alert with the internal communications in your business.
2. Treat People With Respect
Treat your employees with the respect they deserve and don’t take advantage of them. Remind yourself that, at the end of the day, they are making you money and that it’s your responsibility to treat people with respect and kindness. Remember what goes around comes around.
3. Show That You Care
Many managers and business owners are so busy that they neglect the wellbeing of their workers. Let’s say that you find out that a certain employee has to go to physical therapy 3 days a week because of their back. When the time is right, ask this person how they are feeling and if their back is getting any better. Showing that you care about the people who work for you can gain respect and loyalty from your workers. This will lead to more productivity
4. Be Fair In Your Decision Making Process
When making decisions regarding your business and your workers it’s important to be fair. Making decisions that will help a portion of your workers and not the rest of them can lead to jealousy and bad morale. Be fair with everyone and make sure you are not showing favoritism among certain people. This can lead to problems down the road.
5. Share Your Success With Others
It’s understandable that many business owners want to keep the profits all for themselves and to invest back in to the company, however this can backfire on you in the long run. Being cheap with your employees can cause resentment. This resentment will encourage some workers to do just the bare minimum of what is being asked of them. If you want to increase productivity with your employees, share your monetary success with your workers with bonuses and incentive programs.
These are some of the ways to get your best employees to stay with your company. Communication is key – communicate with your employees on a regular basis. It is important that everyone is on the same wavelength. By reducing conflict in the workplace you will be helping how your employees view your company. Talk to your workers on a regular basis to make sure they are happy and satisfied.
