Retaining The Best Employees

How to Retain Best Employees

  • Clear expectations- Ensure the employees know what is expected of them. Changing expectations causes unhealthy stress and dissatisfied employees.
  • Supervision quality– Lack of feedback, mismanagement of meetings and vague expectations cause employees to feel “in limbo” and will leave the company.
  • Freedom of speech– Allow employees to speak their mind. You never know, you may learn something important. (Make sure you read the Kaizen cheat sheet on this page!)
  • Utilization of talent- Allow employees to utilize their talent in the workplace to keep them motivated.
  • Fairness and equality– Let employees know and feel they are being equally and fairly treated.
  • Tools, time and training– Provide employees with the required tools, time and training to get their task done.
  • New opportunities– Provide employees with new opportunities to learn and grow their skill set.
  • Connect with your employees– Don’t let an employee feel that senior management doesn’t know they exist.
  • Don’t threaten– Never threaten your employee’s job or income. This will only go one way.
  • Appreciation and reward– Reward and appreciate your employees on their achievements. Maybe even have presentation evenings.
  • Communicate with your employees– Give them a pat on the back. If you are managing employees in remote locations try to meet with them at least two to three times per year.
  • Empower your employees– Balance the power between you and your employees so they feel they are being coached rather than being ruled.
  • Accountability– Make sure your employees are always held accountable for delivering their goals.
  • Performance reviews- Have properly timed performance reviews to discuss your employees’ career aspirations.
  • Go beyond the bonus- Give your feedback with something tangible other than bonus, equity or salary increase.
  • Competitive benefits- Create an environment of positive competition among your employees with competitive benefits.
  • ‘Stay’ interviews- Conduct stay interviews in addition to exit interviews to learn how to retain employees in your company.
  • Clear path for advancement- Employees must have a clear path for promotion and growth.
  • Communication of mission statement- Your goals and objectives should be clearly known to all employees.
  • Hire an HR manager- Let the experts handle the retention of employees.
  • Train your employees- Foster training of your employees to retain them.
  • Feedback from employees- In addition to the performance review of the employees, ask for their the feedback to let you know their concerns and problems.
  • Trust your employees- Show your employees you trust them with responsibility.
  • Show your employees respect- Let your employees be respected.
  • Share your revenue- Your employees will take more interest in the company if a part of their wages are tied to your company’s performance.
  • Holidays and vacation- Offer your employees incentive holidays or vacations based on performance.
  • Make your employee an asset- Make sure you foster an environment where your employees feel like an asset to the company.
  • Promote honesty- Honesty is the best policy is so true if you want to create an environment where employees would like to stay and prosper.
  • Realistic expectations- Have realistic expectations from your staff to avoid getting them stressed out.
  • Encourage group activities outside office hours- Bond with your employees with group activities outside office hours like company dinners or vacations, etc.
  • Communicate with employees the current situation- It is important that your employees know the current situation of your company. Be open and honest. They will appreciate the honesty.
  • Stop the distraction and demotivation- Let your employees work in peace if they have the necessary tools and skills. Stop micro managing.
  • Eradicate office politics- Nip this evil in the bud. If you sense office politics, get on top of it straight away and be pro-active. Don’t let it demotivate your employees.
  • Emotional intelligence goes a long way- Be emotionally intelligent and be aware of personal lives of your employees.
  • Consistency- Be consistent with how you work and what is expected of your employees so that you don’t confuse them.
  • Creative freedom- Give your employees the creative freedom they need to tap into their hidden qualities.
  • Ask for their ideas- Ask your employees for their ideas to let them and your company grow.
  • Flexibility- Do not be stubborn about the decisions you make. Make sure you are flexible enough to accommodate everybody.
  • Open mindedness- Do not think that you know everything. Be open minded about the idea that your employees may well be better than you at something.