Tips To Retaining Top Employees
The employment pool of qualified workers is shrinking, which means that an employer, you have to compete for top talent.
Once you have found the employee whose performance meets the qualifications of your business you have to take steps to retain him.
It is less expensive and disruptive to keep a top employee than to have to replace him.
Aside from a shrinking pool of qualified workers, be aware that recruiting agencies are always on the lookout for qualified individuals and are persuasive as they woo employees away from their present company and place them in new positions, usually for a higher salary.
To retain your employees, of course pay competitive salaries and benefits, but it takes more than compensation.
It requires an effort to make your employees happy.
Tips to Retaining Top Employees • Create a growth path for employees.
They joined your company because they believed that if offered an opportunity to learn, grow and create for the compensation package you offered.
• Develop programs to review the progress of your employees as they mature in your employ.
• Meet with each employee on a regular basis to discuss their progress in a non-structured way; be candid and professional.
• Ask them what is good and bad about their job.
Be kind and professional.
• Attempt to learn if anything is bothering him; assure him that you will review the issue and attempt to address his issue; If the problem is something you can fix, do it quickly; It may be something as simple as a variable schedule.
• Watch the body language and tell-tale signs of employee who is unhappy and consider the possibility that he might be interviewing and considering leaving.
• Observe the time that the employee spends on the telephone whether it be the office or cell.
• If you suspect a job search then consider reviewing their social media accounts and note any signs of frustration and discontent.
• Review the compensation package periodically and try to pay market or above, especially if his position is crucial to your company.
Be mindful that some top level employees refrain from asking for a raise; they just look for another company that will pay what they are worth.
Do not overlook the reality that your top employees are critical to the success of your company.
Don't become complacent.
Take steps to establish the feeling that you appreciate their effort and admire their loyalty.
The ambiance you create is worth your time, effort and the compensation you provide.
Once you have found the employee whose performance meets the qualifications of your business you have to take steps to retain him.
It is less expensive and disruptive to keep a top employee than to have to replace him.
Aside from a shrinking pool of qualified workers, be aware that recruiting agencies are always on the lookout for qualified individuals and are persuasive as they woo employees away from their present company and place them in new positions, usually for a higher salary.
To retain your employees, of course pay competitive salaries and benefits, but it takes more than compensation.
It requires an effort to make your employees happy.
Tips to Retaining Top Employees • Create a growth path for employees.
They joined your company because they believed that if offered an opportunity to learn, grow and create for the compensation package you offered.
• Develop programs to review the progress of your employees as they mature in your employ.
• Meet with each employee on a regular basis to discuss their progress in a non-structured way; be candid and professional.
• Ask them what is good and bad about their job.
Be kind and professional.
• Attempt to learn if anything is bothering him; assure him that you will review the issue and attempt to address his issue; If the problem is something you can fix, do it quickly; It may be something as simple as a variable schedule.
• Watch the body language and tell-tale signs of employee who is unhappy and consider the possibility that he might be interviewing and considering leaving.
• Observe the time that the employee spends on the telephone whether it be the office or cell.
• If you suspect a job search then consider reviewing their social media accounts and note any signs of frustration and discontent.
• Review the compensation package periodically and try to pay market or above, especially if his position is crucial to your company.
Be mindful that some top level employees refrain from asking for a raise; they just look for another company that will pay what they are worth.
Do not overlook the reality that your top employees are critical to the success of your company.
Don't become complacent.
Take steps to establish the feeling that you appreciate their effort and admire their loyalty.
The ambiance you create is worth your time, effort and the compensation you provide.
Source...