Business owners and managers can probably agree that trying to keep their best and brightest staff members around is highly important. You go through the process of scoping out the perfect employee and train them, all in hopes that they will stay loyal to your company.
Having to replace key staff members can be fairly pricey for the company. You can expect to pay at minimum, 20 percent of the positions wage trying to fill it. That is not a process you want to go through very often.
That is why it is crucial to the success of the company to maintain a steady team. Corporate Business Solutions recommends implementing the following tips to help keep your best employees around.
Trust and Respect Your Employees
One of the best things you can do for your staff is to show them that they have your complete trust and respect. Why? When team members feel respected in the workplace, and know that their manager trusts them to do their job as they see fit, it’s an empowering feeling. That is a feeling that will keep staff members happy.
Be Their Support
If your team doesn’t feel like they have your support, whether it be in workplace conflicts, client/customer issues, or even at home problems that are affecting their daily work, how likely are they to stick around? Having support from upper management is a key step in maintaining your top employees.
Talk to Them
Open communication between staff and management is critical. If your team doesn’t know what your expectations are, or they cannot talk to you, there’s a good chance you’ll be hiring new members soon. Communication, both private and in meetings, is essential to keep the work on track and to support your employees.
Listen to Them
Just as communication is important, so too is listening to your employees when they talk. Even if it is about something you prefer not hearing, it could be valuable to improving your relationship with them. They may also have excellent ideas to help the company.
Have a Competitive Wage
Loyalty to a company is only part of what will make employees stay. They also need to be able to support their family. Having a competitive wage that is fair for the work they do will help staff members be happy with where they are at.
It can be challenging for employees to remain happy and loyal to their company if there is no room for flexibility. Family emergencies will come up, stress days will need to be taken, or taking on a task in a different way that is better for the employee. You don’t want to fold over to every request, but you should show that you can be flexible and accommodating.