How do you keep your best people on the job? Here's how.
According to a recent CareerBuilder survey, about one in every five full time employees are thinking about leaving their current jobs to look for greener pastures or a better work/life balance. However, some people want to quit their jobs due to a bad boss, toxic work environment, or the financial instability of the organization. Still others want to find new jobs since they are bored with their work and do not find any satisfaction in what they do.
Needless to say, losing your best people can hurt your company in a number of ways. For one, you would need money to advertise job listings and train new hires. In addition, your remaining employees would have to bear the additional workload created by the vacancy. So, how do you spare yourself and your company from all these troubles? Here are some tips that can help you keep your best people for good.
How to Keep Your Best People on the Job
Offer pay raises or perks. If your business is doing great and you can afford to offer pay raises to your best people, then do it. However, if your business is not making extra money to make this possible, then you should consider offering perks and rewards to keep your employees happy. The simple act of recognizing their efforts for a job well done can also inspire them and increase their productivity on the job.
Improve work/life balance. Conduct employee surveys to better understand what your people need and design policies to meet them, use flexible work arrangements, set clear priorities at work, limit the amount of take home work and try to recognize signs of burnout and work overload in the workplace. Do these and you will surely improve your employees' work/life balance and retain your best people on the job.
Promote from within. Rather than hiring outside talents, consider promoting your own people, especially if they qualify for the job. Keep in mind that creating advancement opportunities for your people can boost their morale and keep them satisfied.
Keep communication lines open. Frequent communication and constant feedback can improve your relationship with your staff. Keeping them looped in on company goals and future plans can also keep them excited about their work.
Be a better boss. Let's face it. A bad boss is one of the top reasons why most people quit their jobs. So, if you want to keep your best people from walking away, then try to be a better boss.
Follow these simple suggestions and you surely wouldn't have any troubles keeping your best people on the job.