Five ways to make sure your best employees stay around as long as possible

March 31, 2015 |

Today’s employees are harder to retain, as an employer, a resignation is a hard pill to swallow especially when it comes from one of your best employees. As devastating as this can be, most companies will have to face it at some point. So, what can you do to make sure that you don’t lose your best employees?

ilovemyjob Five ways to make sure your best employees stay around as long as possible

Here are five ways to make sure your best employees stay around as long as possible:

 

  1. 1.       Train

Employees tend to put more effort into their jobs when they feel valuable to their company. If you invest in your employees (through training courses, seminars, skill development, etc.) and cater to their professional needs, they’re most likely to invest right back in their jobs, thereby producing more and committing to their jobs even more.

Before anyone can do anything, they need to know how to do it.  When surveying employees for what they would like and need, training is the most requested item, besides of course, more money.  Everyone wants to be trained whether they are new and just starting, or are a seasoned pro who wants to get even better.  Proper training and support for all levels of work produce better and more productive employees.  You should periodically ask each employee, while you make your rounds, on what training they would like to receive.

You want training done by experts who understands, and can clearly explain, the subject matter.  The point is to truly make the training count.  It is a total waste of time if you train just for trainings sake.  No one will get anything from it.  It might not even apply to the real training need.  Training needs to relate to what your employees do on the job.

 

  1. 2.       Work is important, but it is not everything

Companies can’t ignore the fact that maintaining a work-life balance has become increasingly important in today’s workplace. Achieving a good work-life balance for your employees could be as simple as altering your work arrangements by including flexible hours, part-time and telecommuting, in addition to sabbaticals for long-serving personnel and extended leave periods for new parents. Make sure you are doing what it takes to respect and cater to your employees’ needs outside of the office – all within the boundaries of sound business practices, of course.

 

  1. 3.       Pay competitively

If you have star employees that you don’t want to lose then you should start thinking of a better compensation strategy. You could give your best employees “golden handcuffs” by paying above market rates and providing incentives for them to be the highest paid employees in their field. If you pay the best, you can expect and achieve the best.

 

  1. 4.       Listen

Listening to employees’ opinions and feedback is a sure-fire way to communicate your respect. Learn from them what they hope to contribute to the business, how they see the business moving and improving, and where they see themselves down the line. Having the opportunity to share their thoughts and ideas and the authority to take decisions that relate directly to their roles are great boosters for both self-esteem and job loyalty.

 

  1. 5.       Acknowledge efforts

Regular positive feedback for key accomplishments and contributions is a key criterion for raising employee morale. The importance of giving regular and constructive feedback to encourage, motivate and guide cannot be overemphasized. A simple word of recognition for a job well done can do wonders for an employee’s morale.

Companies that recognize and reward their employees’ contributions routinely and systematically have already curtailed one of the main reasons for staff turnover. Really, try it.

Category: Blog

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