For small business owners, retaining good employees continues to be a challenge. Below are some strategies to assist you in retaining invaluable employees:
- Recognise employees that are doing the “right things”. Small and simple gestures/incentives often means a lot and it shows that they are being appreciated.
- Encourage staff to voice and share their ideas. This can include to management or to the business owner depending on the size of the company.
- Provide structured plans for career progression of talented employees. This will provide a goal for them to work towards to.
While financial reward will have its importance, it should be noted that other actions such as the above often can go a long way to improving staff retention rates. Employees want a good working environment.
Staff Loyalty