Be a Best Company – Four Employee Retention Strategies
“My boss is a jerk and my career is going nowhere in this organization, but there’s yoga and a pool table, so I think I’ll stay,” said no employee ever.
Employees enjoy concierge service, free lunch, ping pong, and social events at work, but these perks don’t improve retention or performance. The only perks known to improve employee loyalty and commitment is time off and a flexible schedule. Everything else is nice to have, but does not impact career decisions.
Organizational leaders and managers have been led down a path of expensive distractions disguised as employee retention strategies. Eliminate the noise and focus on the four things that really matter to employees, and your best people will stay.
This is what’s important to your employees:
- I trust the leaders who run this organization.
- My opinion means something. I am listened to.
- I feel respected (by my manager) and have good relationships in the organization.
- My work is challenging and interesting.
So what should you do if you want to be a best place to work?
Here are Four Employee Retention Strategies Managers Can Take:
1. Meet one-on-one with employees and have meaningful discussions about his/her performance and career goals.
2. Ask employees for their opinion and demonstrate that you’ve heard them.
3. Provide opportunities for employees to do work they enjoy.
4. Ensure employees who want to advance in your organization are learning and growing.
Read about our Be a Great Place to Work leadership training program that eliminates the noise and teaches the things leaders and managers really need to do to retain the best employees.
Tags: best companies, effective leaders, effective leadership, effective management, employee engagement, employee morale, employee performance, employee retention, improve performance, manage employees, management communication, trust in the workplace