HOW TO RETAIN YOUR GOOD EMPLOYEES....

Implement Perks

Allowing employees to telecommute is one way to ensure they will want to work for your company, especially by saving them on travel time and gas. You can also offer free dry-cleaning services, foods and beverages and even free delivery and pickup in the office to save your employees time when mailing items or having packages delivered.

Contests and Incentive Programs

Hosting contests and launching incentive programs is another way to boost the morale in your workplace, helping to retain employees for years to come. You can have competitive sales contests for money, weight loss contests or even incentive programs that are relevant between other employees in the office. Offering cash prizes, coupons, gift cards or even time off can all be decided by you or the employees who are currently employed.

Communicate Openly

Communicating openly and positively with both managers and additional employees of your company will help to create a better atmosphere and better workplace morale overall. Allow employees to ask questions and make suggestions to help them feel as if they are part of the team and can truly contribute to building your business together. The more open you allow your employees to communicate, the less trapped or restricted they will feel, often encouraging them to stay to help grow the business even more.

Promote Employees From Within

It is important to promote employees yourself from within the company to give incentives to other employees that there is room to grow and more to potentially earn based on their performance and current position with you. Promoting employees from within will also show your entire staff that you are committed and dedicated to rewarding those who work hard to grow the business whether they are increasing sales, attracting new customers or maintaining their client base regularly.

Programs for Managers

Implementing programs for managers to help coach them in how to effectively communicate with staff members in all positions is highly recommended. You should require your managers to properly coach and guide other employees at all times whether they are training them or simply learning new a software programs. Ask managers to keep track of employees and their contributions to ensure you are promoting the right individuals to keep your business afloat and growing.

Financial Rewards

Offering financial rewards to employees such as annual raises is an incentive to keep employees working for you longer. You can also implement various performance goals that can help increase motivation and morale throughout your entire staff in order to earn more whether they are making sales or obtaining clients. Bonuses for holidays and the best salesmen are also additional incentives that will keep your employees happy long-term

Providing Competitive Benefits

When you provide employees with benefits such as life insurance , you are more likely to keep them working for you for longer periods of time. Providing additional perks such as a retirement plan and flextime is also sought out by employees who are looking for a company they can count on long-term to provide financial stability for them and their own families.

Conducting Exit Interviews

When an employee is planning to transfer or leave your business, an exit interview can also turn into a “stay” interview, giving you the opportunity to ask why the employee has chosen to leave and whether it is possible for you to accommodate their needs and wants out of the position. You can potentially negotiate to help retain employees that you deem valuable to the company during the process of an exit interview.