Unfortunately, there is no set formula when it comes to retaining top talent because no two employees are ever the same. There are however certain guidelines that must be followed to ensure that you mitigating the risk of losing your best employees. Each employee has a specific combination of drivers that motivate them to invest their talents and energies in a company. Taking the time to discover what your employees need to thrive will help you to retain top performers and develop them into the future leaders of your company.
Here are some tips to help keep your employees motivated, engaged and committed to your business.
1) Reward and Recognize
Recognizing and rewarding accomplishments is one of the most powerful retention strategies. Boost your employees’ visibility by publicly recognizing them at staff meetings or through a business-wide email. Taking the time to say a genuine thank you is also an easy and effective way to make people feel valued and appreciated for their efforts. Compensate your employees for their hard work with appropriate monetary rewards (such as a salary increase or bonus) or non-monetary incentives (such as the opportunity to lead a new project) to assist with career progression.
2) Empower and Enable
For employees to succeed in their role, a sense of personal ownership in their work is essential. Provide a clear understanding of deliverables and timeframes, and then give them the space to decide how that work gets completed.
3) Challenge and Develop
Opportunities for growth and advancement are key to retaining your top performers. High achievers tend to be life-long learners, so be sure to provide ongoing training to keep their skills up-to-date and advance them to their next promotion. Challenge your staff with new responsibilities and allow them to lead projects where they can be stimulated and acquire new skill
For all your recruitment needs, call us today on 087 135 3510 Or email sales@emergingsc.com
Let us help you attract and retain the best Talent in the Market