Competitive salaries and good benefits will help you hire the best employees. But it takes more than money to keep them. You need to make your organization too good to leave. Try these tips for persuading good workers to stick around:
• Tell them what the company is all about. Employees want to know what their company is trying to do, where it’s going, and what it stands for. If you think you’ve already communicated this information, try asking a few workers to outline the company’s top three priorities. If you get several different answers, you haven’t done your job.
• Say “thank you.” People are hungry for appreciation. Yet employees often complain that their bosses never even say “thanks.” It costs nothing, and the return is significant. Recognition is a huge motivator. Make a plan to give recognition to employees doing a good job.
• Keep training them. One of the common reasons employees leave a company is they don’t feel they were developing professionally. Training costs money, of course, but the investment is less expensive than the high costs of turnover.
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