5 Tips To Help Retain Employees

You’ve invested a lot of time and money into perfecting your hiring process, and now you need a plan to retain your new employees. While most businesses have a system in place for hiring, many do not have the systems in place to ensure that employees are engaged, happy, and ultimately stay with the company for a long time. By not having an employee retention plan in place, businesses run into unnecessary and excessive turnover.

Follow these five tips to help retain your employees:

1. Provide small perks.

Free bagels on Fridays and free dry cleaning pickup may seem insignificant to you, but if they help employees manage their lives better, they’ll appreciate it and may be more likely to stick around.

2. Make sure employees know what you expect of them. 

It may seem basic, but often in small companies, employees have a wide breadth of responsibilities. If they don’t know exactly what you need from them, they can’t perform up to standard.

3. Foster employee development.

This could be on-site training to learn a new job skill or tuition reimbursement to help further your employee’s education.

4. Conduct “stay” interviews.

In addition to performing exit interviews to learn why employees are leaving, consider asking longer-tenured employees why they stay. Ask questions such as: Why did you come to work here? Why have you stayed? And what are your nonnegotiable issues? What about your managers? What would you change or improve? Then use that information to strengthen your employee-retention strategies.

5. Use incentives to help keep workers motivated and feeling rewarded.

When done right, these kinds of incentives can keep your employees focused and excited about their jobs.

If you need help developing a strong employee retention plan in your business, then click here to schedule a free executive consultation. Or, if you’re just curious about how I help executives and their businesses, shoot me a note or give me a quick call. [email protected] or 727-470-0877.