Friday, May 30, 2008

Heather Johnson: Top 5 Tips for Retaining Employees

Top 5 Tips for Retaining Employees


Heather Johnson


In today's market, it is getting harder and harder to retain good employees. Training new workers is very expensive and it is hard to maintain a consistent workflow if there is a high turnover rate. Therefore, it is in your best interest to not only find good employees, but to keep them for as long as you can. Below are five tips to help you retain your employees.

  1. Improve Leadership – One of the main reasons why people quit their jobs is because they do not like their manager. By improving the leadership skills of the company's supervisors, the business will be able to keep more employees content. Leadership workshops and new company guidelines can help to influence company management for the better.
  2. Offer Employee Benefits – Candidates are drawn to companies with benefits such as health coverage, 401K and paid vacation days. Not only should your company offers those to employees, you should regularly audit those programs for improvement.
  3. Offer Special Rewards – Employees are more likely to go the extra mile for a company when they feel they are being rewarded for their hard work. For example, a sales department could give bonuses to those who meet a certain quota each month.
  4. Give Compliments – A happy employee is one who feels valued. The occasional pat on the back from one's manager can actually go a long way in pleasing a worker. Sadly, managers often give feedback only when there is a problem. By saying "Thank you" or "Good job" every once in a while, employee morale could really be boosted.
  5. Ask for Feedback – What better way to meet the needs of an employee than to listen to them? Regular meetings and even an anonymous suggestion box can give employees a voice, thus increasing their chances of finding harmony in their positions.

It is impossible to please every person all of the time. However, companies that are experiencing a high turnover rate are obviously making a mistake somewhere. There is always room for improvement where interpersonal relations are concerned. Therefore, it would be very prudent for companies to follow the above advice, as it would help to increase employee retention.


By-line:

This post was contributed by Heather Johnson, who is an industry critic on the subject of how to become a nurse. She invites your feedback at heatherjohnson2323@gmail.com.

Technorati Profile




No comments:

MIT

MIT
Open Courseware

Search This Blog