Getting the right employees for your business, then keeping them for any length of time, is a constant source of stress for business owners. This can be particularly difficult for small businesses that do not have human resource divisions to concentrate on employee retention. But the good news is that you can get employees and keep them with a few best practices, regardless of the size of your business.
Hire the Right Managers
Managers are often the reason an employee stays with or leaves a company. Hiring a manager who “fits in” may not be the right choice, simply because fitting into a business culture does not make anyone a manager who can motivate employees. Hire people who have proven experience in employee motivation and retention.
Hire People Who Want to Develop Their Career in Your Company
Hiring someone who simply fills an existing role in your company will probably result in that employee leaving at a later time. You should be hiring people who see their career developing within your company. When you interview, ask prospects about their long-term goals and assess whether those goals match the direction of your company.
Recognize People for Their Accomplishments
A little positive reinforcement and recognition for good work go a long way to keeping employees. It is also important to be flexible when rewarding employees with gifts; what works for one may not suit another. One employee may value a monetary reward, but another may value extra vacation time. Allow your employees to tell you what type of recognition they prefer. They will appreciate even more that you are willing to listen to what motivates them.
Why Does Retention Matter
Some companies may say that it doesn’t matter if employees stick around because they have more candidates to fill the job. This is misguided because a company may not believe a lost employee costs them anything. The hidden costs occur from new employee training, more mistakes, lower morale, and reduced productivity. Make the effort to hire the right employees, then take the time to keep them. Your business will benefit in the long run.
First Day Films produces employee benefits and human resources videos, as well as healthcare open enrollment films. For more information about our services please call 833-422-7332.