3 Ways To Retain Great Employees

great employeesIn business, you are only as strong as your weakest link. The value of a great team becomes paramount when I’m speaking with investors or business owners but sometimes I think we spend so much time talking about building a team of advisors that we forget about the internal team.

Your ‘internal team’ is just as important as your ‘external team’ if not more so.

Finding and keeping great employees is really important.  When you’re thinking about a great employee, the key is painfully simple: treat them better than the way you want to be treated. Everybody is looking for something in their life, whether it’s a pat on the back, financial rewards, recognition or even just the feeling of accomplishment.

You need to know what drives your employees.

If it’s money, sometimes you can make that happen. If it’s the pat on the back or congratulations, that’s easy to do. The point is that you need to know what is their motivating factor…and it’s different for every employee.

1. Get Employees Excited

I recently reviewed a book called Instant Turnaround and it talks about getting to know your employees well enough so you can figure out what makes them tick. When you’ve got great employees, you can easily get them to perform exceptionally once you know these things. It’s easy to sit back in your office, close your door and not act on the items that you need to be doing. Congratulating your employees on both their business and personal lives is very important and must become a priority immediately.

The only way you can find out what your team members want is by meeting with them. Go out for lunch or coffee and get to know them beyond the person that you pass by in the hallways.

2. Know Your Stars

One of the areas that I really emphasize with business owners and management teams is to always know who your stars are. If you don’t know who your stars then you need to figure this out quickly.

You can’t constantly support all of your employees at the star level, it just doesn’t work. It’s like servicing clients; all your clients can’t be your best client and get triple-A service…it just doesn’t work. You run out of time and energy. You need to create a system that encourages and rewards excellence while supporting those who need help to get there.

3. Build A Support System

Sometimes larger businesses fool themselves into thinking they can’t have the same approach to employee treatment as your local mom & pop shop. Most seem to prefer more corporate structure rather than the laid back approach popular with companies like Google or Zappos.

The truth is that it’s not about whether you are a big corporation or a small business. Either way, strive to build a level of support and interest in your managers and have them understand the importance of having a great relationship with staff. Once you achieve that, you will find an improved work environment, a happier and more engaged team and an increased ability to retain your top employees.

Leave a Reply

Your email address will not be published. Required fields are marked *

* Copy This Password *

* Type Or Paste Password Here *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

Free Report Opt In Message

Connect with Me

RSS Twitter Linkedin email

Our Latest Tweets