The uncertainty of today’s economic climate has professionals, young and veteran, constantly searching for the next big opportunity with other companies or venturing out on their own.
But you’re in a business that requires skills, and the last thing you want to do is lose quality talent when you’ve got it.
Retention is vital when running one of these businesses, but sometimes the proprietor and/or management need to know how to do that. Remember that a competitive salary is just the beginning, because if they’re skilled in what they do, there are competitive offers just around the corner.
After your competitive salary offer, make sure your employees have the chance to choose from a variety of benefits. Sort out what you can afford, and offer an array of benefits they can take advantage of. This might include flexibility in office hours, option to telecommute, or choosing which vacations during the year should be longer (Christmas over Easter, shorter summer days, not to forget variations in religious belief and customs).
These more tangible or easily acknowledged benefits are the right start. But if you’re looking to keep talent on your team, you need to assure them of the team they’re on. No one wants to be the 3rd string quarterback or the understudy, especially your ambitious talent.
When professional athletes need to get into the team mindset, a lot of times they room together in the same hotel the night before a big game. Now, you don’t have to shack up with your employees, but the idea is to create that sense of camaraderie amongst the team. How?
You’re the leader, and a team needs to trust their leader. So get to know them. Have one-on-one consultations that allow you to really understand their backgrounds, their interests, and family life. Know the employee beyond the workplace. Not only will you earn their trust, but you’ll gain key insight into what they need from you in the future.
Your team is full of bright and innovative leaders, so make sure they know that you see them as such. Offer them the opportunity to come up with ways to be rewarded. This way, they know that their opinions are valued and that they have a true stake in the company and its operations.
Need more ideas on how to keep the best on your team? Visit us at Josephine’s Professional Staffing for more.