How to Keep Your Best Employees from Leaving

Employees make up the main driving force behind any successful business. In fact, some studies have even shown that good relations between a company and its employees can have a deeper impact on the success of that company than the relationship between a company and its customers. With that being said, finding good employees and more importantly keeping them can be a very hard task. Your best employees bring the most value to your business but they are also very likely to seek out new opportunities if they feel their hard work is not being appreciated accordingly. So, to help you out, today we are going to take a look at some ideas on how to keep your best employees from leaving. 

Offer them flexibility

We live in a world that is becoming ever more digitalized and most jobs that have previously required consistent work hours at the office can now be done wherever and whenever. With that in mind, there is no reason not to offer your employees flexible work hours which will allow them to organize their time how they best see fit. Being able to step out of the office on emergencies or have the freedom to take your kids to school without the worry of being late to work is something that a lot of people will cherish and appreciate. On top of this, a recent survey has found that flexible workers take fewer leaves and are even more productive, which means that this  approach won’t only help you keep your best workers but will also have other benefits on your business as a whole.

Recognize their hard work

No employee wants to work in an environment that doesn’t appreciate and acknowledge the hard work they put in, especially if they know how crucial their work is and how good they are at the job. Because of this, you should always look to recognize their work through rewards and praise. A lot of the times, just saying good job and complimenting someone on the work they put in will get you a long way, however, you can also look to give them symbolic or personalized rewards that will truly let them know you care. For example, something as simple as quality personalized water bottles can give them a sense of belonging to the company and further deepen their commitment to your cause. Alternatively, you can look to give them different employee benefits in regards to your business such as special employee discounts, paid vacation and so on, or you can organize an office party to celebrate the success of your employees and further build a positive team spirit. 

Develop personal relationships with them

While money and material benefits are definitely some of the main motivators when employees chose the company they work for, there is, in fact, something that is the ultimate deal breaker at the end of the day, and that is the relationship they have with other employees and more importantly you as their superior. One of the things they will appreciate the most is if they feel their opinions, ideas and general input are being heard. Knowing you are being heard and valued is something that almost no amount of money can buy. So, in order to get them to the point where they feel comfortable with sharing their input, you should try to foster a good personal relationship with them. Furthermore, you should put faith in your employees and involve them in decision making as their ideas may prove invaluable in planning future endeavours and dealing with future obstacles. That will tell them just how much their opinions matter to you and how you value their insight. In return, your employees will reward you with engagement and loyalty.

Conclusion

At the end of the day, the most important thing to remember is that employee loyalty isn’t something that is achieved overnight, it requires constant effort with the goal of showing them true gratitude in mind. So, the best way to keep your star employees isn’t just to throw more money at them but to show them your honest appreciation through everyday interactions.

Views: 13

Comment

You need to be a member of Small Business Bonfire to add comments!

Join Small Business Bonfire

About the Small Business Bonfire

The Small Business Bonfire is a social, educational and collaborative community founded in 2011 for entrepreneurs that provides actionable tips and tools through a small business blog, a weekly newsletter and a free online community.

Subscribe to Our Newsletter

Members

© 2019   Created by Alyssa Gregory.   Powered by

Badges  |  Report an Issue  |  Terms of Service