When you have a great staff to work with, the last thing you want to see is them leaving for other businesses. We want to retain the talent we have, sometimes because they love working with them, sometimes because they have trained and invested in them, sometimes because they do great things for the company. Often, it’s all three.
But how can we convince staff not to leave? After all, if you’re a relatively mid-sized or even humble brand, it can be hard to persuade someone from taking an opportunity at a larger firm with more chance of career development, or even a new lifestyle in the big city to be grasped with both hands.
So, how can you retain your celebrated staff in the best way? What will make the difference as far as this is concerned? It’s hard to tell. Appeals to emotion are reductive. Simply throwing money at them, which can help, is not always the pathway to working satisfaction alone. Is it worth considering a range of other options that mean more, and make more sense?
In this post, we’ll explore those questions together:
Manage Them Well
It’s important to manage your staff well. This will help them stay. It sounds simple, but management is an art, not a simple science. We cannot treat people as if they are gears in the business, even though that’s what the paperwork might represent.
For instance, streamlining your HR services with the best HR software can help you care from them, from the onboarding process right up until they leave. When they are managed well, their payroll is respectfully considered, and problems are dealt with confidentially and quickly, you will, ironically, convince them to stay at your firm for as long as possible.
Incentives That Matter
Incentives that matter – really do matter. What incentives are your staff most likely to appreciate? A cash bonus? That’s nice, but it’s easily-spent. Have you considered the power of investing in their training? Or giving them access to bigger and better placements?
What about a travel incentive scheme to help them pay for their vacations? How about extra holiday days, or simply investing in their workplace equipment so they’re always fully able to commit to their tasks with care and attention? These measures really do make a difference.
Improve Company Culture
Improve the company culture you’re part of. How can this improve? You might find that regular team-building activities can help. Perhaps something as simple as a newsletter celebrating the successes of your team each month can help them feel involved. Relaxing the dress code from time to time might help people feel a little more comfortable in their jobs.
Simply being visible and joking around as a manager can help people feel more at home in their office. Slack channels or immediate communication apps can offer both professional and social collaboration. This improves company culture, from top to bottom.
With this advice, we hope you can more easily retain your celebrated staff. They deserve it.