As a Business Owner that relies on good staff, one of your worries maybe losing a valued member of staff who you consider an asset to your company.
It’s important as an employer to recognise what might cause an employee to leave and to ensure that you do your best to keep hold of them.
Talented and industrious employees are often quite willing to take on a bigger workload, but not if it suffocates them.
Recognise and reward hard work. Nothing burns good employees out quite like overworking them. If you must increase how much work your talented employees are doing, make sure that you also increase their status and recognition for taking on more responsibility as well as their earning. Even a simple thank you can go a long way.
Hire the right people. Easier said than done, but good hard-working employees want to work with likeminded people and it can be extremely demoralising for them if they are working alongside people who seem not to care as much as they do.
Invest in your people. This doesn’t need to be time consuming or expensive, simply honouring your commitments and allowing your people to pursue their passions can go a very long way and studies have shown, can also improve productivity in the work place.
Show them that you care. More than half of people who leave their jobs do so because of their relationship with their boss. Smart companies make certain their managers know how to balance being professional with being human. These are the bosses who celebrate an employee’s success, empathise with those going through hard times. Bosses who fail to really care will always have high staff turnover rates.
If you want your best people to stay, you need to think carefully about how you treat them. While talented and industrious employees are often willing to take on more work, do bear in mind that their talent gives them an abundance of options. You need to make them want to work for you and not your competitors!
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