How to Retain the Best Employees (And Get Rid of the Rest)

By Brad Chase


Losing a high performing employee isn't easy, and it automatically takes money away from the business.

As well as the time and money spent training that employee, there are also the hidden expenses that can be a major loss to the company, like opportunity costs, knowledge loss, and vacancy costs. It is a costly and time consuming process to hire a new employee and train the anew.

There are some useful strategies which, if applied correctly, can help take care of these issues.

Keeping The Best and Brightest

Buy work uniform for your employees- If you want those who wear your work uniform to stay with the company, they have to be given a reason to do so. If your company becomes attractive enough, your employees will have no reason to leave.

Career Paths - A person who starts working for you will need to make sure that they are able to have a future in that place. In order to make such an employee happy you have to sit down with them and tell them where your business is going and how their own skills will be utilized. Also try to see their goals within the company.

Balance - People who work all day need to spend time with their families at the end of the day. Convince employees to take their vacation time and let them know they are working for the right company and that they will have flexible work schedules.

Freedom - Standing above employees as they work might seem like a good idea. That's not true. It is important to give them the freedom they need in order to accomplish important tasks. You shouldn't be getting into micro-management.

Corporate Clothing - Making your employees feel like they are part of the company will require that you provide them with the right work uniforms. Speak to employees about the corporate clothing they would like, and allow them to help choose a work uniform that will define them as important team members. Order fitting corporate clothing now!

Opportunities - Would you offer training to your employees? Is trying out new stuff something you do? Providing opportunities for those who wear your work uniform to grow, develop, and learn is essential if they are going to feel fulfilled and successful.

Release the Rest- If too much time is spent trying to train and teach employees who don't want to learn, don't want to be successful, and simply want to go home with a paycheque, that valuable time is being wasted. On top of that, you aren't focusing on the employees who really care about their jobs and want to perform well. Your focus should be employees who actually do like to work and on hiring ones that are brighter.

You don't want to lose any important employees any longer? Making some changes will be useful. Now you know how to retain the staff you actually want.




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