The desire of every boss in a company is, of course, to retain employees who have proven to be the best for the positions they hold. Their goal is to take their company to the highest possible level, and that requires a high-quality employee structure. In any case, the most important thing is to approach the win-win situation, which means that the employee contributes to the improvement of the company’s business and for that, of course, receives his certain compensation that is consistent with the type and amount of work he does.
In this post, we will talk about some suggestions how to retain your best employees to bring a company to the highest possible level.
If you are in process of hiring, check out Hiring Guide – Part 3: Interview questions.
10 tips how to retain your best employees
1. Recognize their potential – Let them show the best version of themselves. Consider them as a great potential of the company’s future.
2. Show them appreciate and respect – Every employee wants to feel that their effort was appreciated and that someone care about their contribution to the company.
3. Value their input – Allow them to express their opinions as well as propose new ideas and improvements. Also, always try to provide feedback to them.
4. Offer the ability to grow – Give them opportunities to advance in their careers. Provide them with some new experiences, new projects, higher job position, higher salaries.
5. Reward system – Grant them days off, vacations, salary bonuses, business travel, team-buildings activities, public appreciations, educational opportunities, etc.
6. Show gratitude – Be aware that they are human and that everyone does mistakes. However, it’s important that you don’t see their mistakes as a failure but rather as an opportunities to learn from them.
7. Give them time for their private lives – Approach work-life balance. Allow them space and freedom for their personal lives, families, interests and hobbies.
8. Allow them workplace autonomy – Offer them the opportunity to be self-sufficient and execute their job in the way that suits them best.
9. Treat them as you would yourself – Don’t group them. Treat everyone equally, with same respect and care as you would treat yourself own.
10. Provide flexibility – By doing so, you can boost employee loyalty, productivity and engagement.
If you are looking for an easy 360 Degree Feedback Software, check out Best360.