You’ve hired the best employees and now you have to find a way to keep them. Employee turnover costs your small business time and productivity. Here is part one of a list of ways to keep your employees.
- Set expectations. Employees often wear many hats of responsibility. They need to know exactly what their jobs are and what you expect from them. Don’t ask people to perform for a moving target.
- Promote from within. If it’s possible, promote from your stable of talent and give employees a clear path for further advancement. If they can’t see a future with your company, employees become disengaged and frustrated.
- Contests and incentives. If done properly, this kind of program can keep employees engaged and excited about the workplace.
- Ask why they stay. Exit interviews help you understand why employees leave. Try asking longer-tenured employees why they stay. You can use what they tell you to strengthen your employee-retention strategies.
- Share the mission. Help employees feel connected to the organization’s goals so they will become mentally and emotionally tied to your company.
- Small perks go a long way. A bowl of snacks to share and half days on summer Fridays may not seem like much, but anything you do to help employees feel appreciated means they’re more likely to stay at your company.
FranNet provides resources on small business ownership and starting a business. If you are interested in learning about your business ownership options and being matched to the right one, contact us for a free consultation.