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How To Retain Your Best Employees for the Long Term

With the Workforce Shrinking, It is an Employee’s Market

As an employer, your advantages can help you benefit from the best available

When a company hires and retains solid and hardworking people, it will succeed.

On the other hand, with unmotivated employees, a business will have a difficult time taking market share from its competitors.

A Business owner wants to ensure that he or she has the best employees, here are 5 ways that will help…

5 Ways to Insure You Have the Best Employees Working For You

Executive search

When looking for executives and people at the top, one should use an executive search firm.

With an outside firm, a company can find a qualified individual who can set the course of the company.

While some may scoff at this idea, it is true that the higher ups at the company will dictate the tempo.

Regular reviews

All too often, a company will hire a motivated and hardworking employee only to see him or her slack off after a few years.

To combat this, the bosses should sit down with employees and offer a quarterly evaluation.

With regular evaluations, the company can figure out what is working and what is not working.


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Verify

When conducting interviews, some HR workers go with their instinct.

While this is powerful, a company should verify all employment and education claims.

When ensuring that this information is accurate, the company will find hardworking people who possess the right qualifications.

Incentives

When providing a cash bonus or other incentive, workers will try to meet goals and do their jobs efficiently.

Now, this does not mean the company must offer a multi-thousand dollar bonus.

Instead, with a small gift or bonus, one can motivate employees to work hard and bring in more customers.

Pay and benefits

Simply put, a company should pay a decent and livable wage to all employees.

When paying a nice wage, one can ensure that employees work hard, and people do not head to the competition.

Now, this may be difficult for some companies to justify, but it is pertinent for the success of a company to keep employees on for the long haul.

Of course, if this is difficult, an organization can up the benefits and even offer non-cash benefits like the ability to work from home or more vacation days.

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I am a recovering change management consultant. Over the last 20 years or so, I’ve focused my career primarily in the people change management space. My job was to help companies realize the ROI of their multi-million dollar investments – whether they be investments in organizational redesign, new systems or large scale business transformations – by mitigating resistance, creating buy-in and driving adoption. The way to do that was to get the people on-board with what was happening. If they stopped resisting what was inevitable and just adopted the change, then all would be right in the “corporate” world. And I use the term “corporate” as a catch-all. These challenges and my project work spanned industries and organizations, from non-profit and government to privately owned and publicly traded enterprises.

The challenge is and always will be people. People will make or break the success of any change a company wants to make. So my job was part data analysis, part coaching, part writing, part training and part shrink. Get into the heads of the people to figure out what they wanted and find a way to make this change something they want. Or better yet – need. Call it marketing. Call it change management. Call it what you want. No matter how you slice and dice it, or whatever you call it, I was doing it wrong. And so are you.

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Remember, to stay competitive with other companies, one must offer a solid salary and benefits package.

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The Last Word

With these 5 tips, a company should have an easier time keeping employees around for the long haul.

Not only that, when treating workers with respect and dignity, they will work harder and are unlikely to give up on their daily tasks.

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Andraea Campbell is a freelance writer for the business, finance, and home niches.

She provides all her content from the comfort of Kahuku, Hawaii

You can reach her by email, social media, or by leaving a comment below...

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Posted in company policies, employee motivation, employee retention, HR Management, Human Resources, Talent Management, The HRIS Career World and tagged , , , , .

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