Five Strategies For Retaining Your Top Performers
It is hard to get ahead in the business world when you are constantly having to hire new staff. It is important that you are able to retain your top performers so that you can consistently perform, create harmony in the workplace and avoid the recruitment process which can be lengthy, stressful and expensive.
So, how do you retain your top workers? This can be a challenge particularly when you are a smaller business that may not be able to offer the same wages that they could command at one of the bigger brands in your industry. That is not to say that it is not possible, however, as there are a few highly effective strategies to try.
The days of working Monday to Friday 9-5 are disappearing and it is important to recognize this as a business owner. You should offer your staff flexible working whether this is remote working opportunities or early starts/late finishes. This can boost morale, show that you trust and respect staff, and help with productivity levels.
Create The Right Office Environment
A job is much more than just a paycheck; it’s a place where people spend most of their week. Creating the right office environment ensures that people can feel happy, relaxed and focused each day which will help with workplace satisfaction. Here are a few tips to create the right environment:
- Open plan and open door policy
- High-quality equipment, furniture and tech
- Allowing open communication
- High-quality staff break room
- Maximizing natural light
- Plenty of plant life
- Attractive office decor
Leading on from this, it is also important to host regular staff social events. This can improve employee retention because it can help to develop chemistry between employees, as well as show that you appreciate your staff. You can throw more formal events, but you may find that it is the informal events which are most effective. These might include:
- Afterwork drinks
- Team lunches
- Staff BBQ
- Sport/exercise classes
Listen To Feedback
It is hard to retain your top performers if you are not listening to your employees nor taking notice of what they say. One of the best ways to do this is to employ satisfaction solutions like happy-or-not.com, which can help you to determine how happy your employees are and identify ways in which you can make improvements to boost morale.
The best workers are the ones who want to progress in their careers, and so it is important that you allow them room to grow within your organization. This means that you should provide training opportunities and promotion from within, but you should also listen to their career goals and find ways to help them to achieve this within your business.
It is frustrating to lose your top workers to the bigger brands but this is unavoidable if you do not take action to retain employees. Even if you cannot match wages they could earn elsewhere, there are always ways in which you can keep hold of your top performers.