Photo by Benis Arapovic

Recruitment and retention of valued employees have been longstanding headaches for employers.

They have always worried about filling open slots and retaining their best workers.

Poor management is usually the culprit for employees leaving. It isn’t always salaries.

The most successful organizations develop a clear definition of what is considered key talent. They identify key employees. They make a strong effort to promote engagement within the organization and provide full range of organization rewards.

Instead of worrying, focus on nurturing an environment where your best people can thrive.

A good way to start is to monitor employees’ sentiment. You can get answers with retention metrics: Suggested tools are TINYpulse, Culture Amp, and Officevibe.

One old adage to consider: Train people well enough so they can leave, and treat them well enough so they don’t want to leave.

Hopefully, you’re able to retain key workers. however, if you’re finding it challenging to keep your best employees, you know the frustrations and cost of turnover.

 

Poor management is usually the culprit for employees leaving. It isn’t always salaries.

 

It’s important to identify and retain excellent workers. You can if you know which employees are most-likely to quit.

You will profit by not letting your stars become free agents.

So start by identifying key employees and discuss with them their future opportunities with the organization. If you can, pay key employees above the labor market average.

Another proven solution is to power your brand with employee empowerment.

 

The most successful organizations develop a clear definition of what is considered key talent.

 

Bottomline

The keys for retaining top employees:

  1. Build a trust-based culture.
  2. Provide opportunities for professional growth.
  3. Offer flexibility.
  4. Avoid micromanagement.
  5. Recognize accomplishments.
  6. Allow for autonomy.
  7. Help employees to challenged and valued.

Good luck!

From the Coach’s Corner, here are three related articles with solutions:

Are You Successful In Keeping Female Talent? Here’s How and Why You Should — Enlightened marketers know that women make 80 percent of household buying decisions. And in most cases, even when a husband goes to make a purchase, he often defers to his wife. Whether it’s a suit or a computer, she usually prevails on choosing the color and the price. So, if you want to be successful in attracting female customers, enhance your odds by making your company a great place for women to work.

Strategies: If a Valued Employee Wants a Raise, and Money’s Tight — In this economy, whether you operate a large or small company, trepidation of higher payroll expenses can turn your hands cold with perspiration. That’s especially true when talented employees suddenly ask for a raise. Talented workers are an asset – your human capital.

Human Resources: The Future of Performance Reviews — Here’s an interesting dilemma: Should performance reviews be fired? That’s the title of an article published by the University of Pennsylvania Wharton School in April, 2011. It’s an informative article and its premise continues to be thought-provoking.

“The Customer Comes Second: Put Your People First and Watch ’em Kick Butt.”

-Hal Rosenbluth

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Author Terry Corbell has written innumerable online business-enhancement articles, and is a business-performance consultant and profit professional. Click here to see his management services. For a complimentary chat about your business situation or to schedule him as a speaker, consultant or author, please contact Terry.