How to Retain Good Employees

Posted by Anonymous , 9/4/2007 Tags:RetainGoodEmployees
Post By :
Anonymous
Rate:
Vote

How to Retain Good Employees

Introduction

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

Instructions

Difficulty: Moderately challenging

Steps

1

Step One

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

Step Two

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

Step Three

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 Four

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 Five

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

Step Six

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

Step Seven

Offer profit sharing incentives to encourage longevity.
8

Step Eight

Create clear career paths at the company.

Tips & Warnings

  • Have other managers praise an employee's work. This lets him know that you've spread the good word about him to other departments.
  • Be sensitive to the balance between work and private life. Employees can work 70-hour weeks for only so long.

Overall Things You'll Need

  • Music Gift Certificates
  • Flower Bouquets
  • Gift Certificates
Tools: |