No employer likes to deal with turnover, especially when losing good people. But your employees need good reasons to stick around. So learning how to retain employees is often one of the most important tasks for managers and human resources professionals. Increased retention can help companies lower their costs, build a stronger corporate culture and build a stronger and happier workforce. Here are three things you can do to earn your people's commitment:
1. Give them responsibility. This will show your employees you trust them. Encourage them to gain new skills. Hire from within wherever possible, and give generous promotions at appropriate times.
2. Show respect. Employees want to know they are appreciated. Make it a priority to display admiration for them on a regular basis.
3. Be generous with time off. Provide sufficient time for sick days, family holidays, new babies, etc. Expect and even demand high-quality performance, but don't assume employees can constantly work at maximum productivity nor pressure them to do so. Allow them the chance to breathe between projects.
The above leadership tip...
was sent in response to a question from a participant on our acclaimed 10/10 leadership development and mentoring programme. Whether you're a first time manager or an experienced leader, straightforward, practical advice on best practice is hard to find. Until now. To find out how you, your team or your organisation can benefit, please contact us.