18 Apr Happy Employees are Loyal Employees: Strategies to Keep Good Employees
Employees are your best investment in a business. Rude employees reflect on the business. If they are incompetent, then production or service will suffer. Employers, on the other hand, have to keep a balance of making employees happy and disciplined at the same time. As if that is not hard enough, maintaining loyal employees and making them stay in the company are even harder matters to accomplish.
According to a study, one in four new people hired by a company resign after six months. Fifty percent of employees leave after two years. Further, 88% of employees leave for reasons other than salary. Pay is not the only motivation for employees to stay in a company. Here are some strategies in order to keep good employees.
Training and mentoring
It is given that you employ people based on their skills. But there is always something more to learn. There are always new skills to acquire. Employers should make sure that their people are always sharp. A knife is kept sharp through regular use of a whetstone. In this case, the whetstone is represented by the training and mentoring the employees should get under your employment. One of the more popular reasons people leave their job is because of lack of coaching and feedback.
Do not overwork the employees
As a business owner or manager, one should be aware of the job of every employee in the company. The easiest way to make an employee leave a company is to overwork them. This is why it is important for people at the top management—those who distribute the workload—to be aware of the job description of each worker so that tasks are limited to what is on the paper. Additional tasks—as well as additional hours—should always be compensated. Job descriptions should be thoroughly reviewed before dispensation and regularly evaluated to ensure the employees’ welfare.
Evaluate managers and supervisors
According to The Balance, employees leave managers and supervisors more than they leave companies and jobs. This means that employees sometimes forget how amazing the company is, or how prestigious the job is, because he is consistently under the glare of his immediate boss. Business owners should make sure they hire the right person to be the hands-on boss. It also helps if as a business owner, you get feedback from the employees about their supervisors and managers.
Appreciate your employees
The office is everyone’s second home; officemates are the second family. If we crave care and affection from our family members, the same can be said about our second family. Take notice of employees who are doing well. A simple “good job” will always do the trick—it fattens the heart. But of course, an incentive is always better. If an entire team did tremendously well in a task, a simple gesture of buying them pizza can already go a long way as far as morale is concerned. And if the entire company achieved an important milestone, a simple celebration should be in order. A get-together will develop camaraderie, and it shows that you care.
Employees are the important driving force in business. They should be well taken care of and nurtured—but with due diligence as we don’t want such motivations to be abused.