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Retain Your Employees for Longer

StrategyDriven Managing Your People Article |Retain your employees|Retain Your Employees for LongerWhen you’ve taken a lot of time and effort to find and recruit the best employees for your business, it can be pretty upsetting when they decide to leave, not least because you’ll have to go through the whole process again and that can cost your business dearly in terms of time and money.

That’s why it’s always a good idea to be proactive and do everything you can to retain your employees for as long as possible. With that in mind, here are some of the best techniques for keeping your employees for longer…

Give them more responsibility

Giving your employees more responsibility is a great way of showing your trust in them. It also gives them more autonomy over their working days, which can lead to a greater level of job satisfaction. If you’ve hired the best people, there’s no reason to loom over them – just leave them to it.

Respect them

Employees are unlikely to stay with a job when they feel disrespected and underappreciated. That’s why it’s so important that you show them respect at all times. Don’t talk down to them, talk with them and make them feel that their opinion matters because actually it does.

Give them development opportunities

Whether you sponsor them to upgrade their contractors license or let them attend college once a week to learn code, for example, investing your time and money in your employees’ learning and development is a great way to keep them engaged. It shows them not only that you care, but also that they will be able to grow and progress within your company instead of having to look elsewhere for career fulfillment.

Share revenue with them

This may not be possible depending on the structure of your business and various other factors, but if you are able, you may want to consider setting up a revenue sharing scheme whereby a percentage of your profits will go back to your employees. There is no better way of showing your appreciation, motivating your staff and keeping them onboard than rewarding them financially for their loyalty, and this is a great way of doing that.

Give them lots of time off

Nobody wants to work for a company that works them to death, and anyway, employees who are forced to work long hard hours don’t exactly perform as well as they could, so be that generous boss. Be the boss who knows how important rest and relaxation is and offer a generous amount of paid time off for vacations, sickness, the birth of a new baby, mental health days. It might sound expensive, but it’ll cost you less than unmotivated employees or having to recruit new staff because your existing employees are burnt out.

If you want your employees to stay with your business for the long haul, you need to put the effort in. No one is going to stay in a place where they are overworked and underappreciated for long, so take you5r commitment to the good staff you have seriously starting now.