Is your best employee thinking of quitting? If so, you’re not alone. A recent Society for Human Resource Management study found that 44 percent of employees consider leaving their jobs. But before your top performer walks out the door, there are some things you can do to try and keep them around. Check out these four tips by Jay Holstine.
Jay Holstine‘s Guide on Retaining Employees
Pay Them Well
To retain good employees, it is essential to pay them well. Research has shown that employees who feel they are paid somewhat are more likely to be engaged in their work and less likely to look for other opportunities.
While it may be tempting to save money by paying lower wages, this can ultimately lead to higher turnover rates and costs associated with training new employees. According to Jay Holstine, happy employees are more productive, so investing in fair compensation can save money in the long run.
By paying employees what they are worth, employers can create a positive work environment and reduce turnover.
Micromanaging is a standard management style that can negatively affect managers and employees. When managers micromanage, they take an overly hands-on approach to supervising employees and often try to control every aspect of their work.
This can make employees feel overwhelmed and stressed, making them less engaged and productive. Sometimes, it can even lead to talented employees leaving the company.
According to Jay Holstine, managers must avoid micromanaging and instead focus on how to help their employees succeed.
This may include providing clear instructions, setting realistic goals, and giving employees the freedom to experiment and take risks. This approach allows managers to create a more positive work environment and retain good talent.
In any organization, it is essential to encourage input from all employees, not just those in leadership positions. Good ideas can come from anywhere, and the best way to ensure those good ideas are heard is to create an environment where everyone feels comfortable speaking up.
There are a few ways to do this: open-door policies, regular employee surveys, and informal check-ins are all excellent methods for encouraging input.
Of course, it’s not enough to collect ideas – it’s also essential to act on them. Showing employees that their input is valued and that their suggestions are implemented will help retain good talent and keep them engaged in their work.
As the workplace evolves, so must the way employers treat their employees. To retain good talent, employers must offer flexibility in how and where work gets done.
With technology making it possible to work from anywhere, there is no need to require employees to be tethered to a desk in a traditional office setting. Offering employees the ability to telecommute, even just part of the time, can make a big difference in job satisfaction and productivity.
In addition, offering flex time or compressed work weeks can also help employees achieve a better work-life balance. When employees feel supported in their efforts to achieve a healthy balance between work and personal responsibilities, they are more likely to be engaged and productive on the job.
Jay Holstine‘s Concluding Thoughts
Jay Holstine offers excellent tips on keeping your best employees happy and at your company. By investing in them, showing appreciation, and creating a positive work environment, you can create a team that wants to stay with you for the long haul. Try out some of these suggestions and see how they work for you and your business.