5 ways to retain top employees
Keeping your top performing staff can have a multitude of benefits for your business. They know your organisation; their success is your success; and retaining employees is much more cost effective than endless recruitment.
So what can you do to stop your best team members looking elsewhere? Here are five ways to retain top employees before it even crosses their minds to scan the internet for new jobs.
Give them recognition
Having a staff reward scheme or offering top performing employees perks not only makes them feel valued, it’s also a great motivator.
Make sure everyone is aware of the scheme and the potential rewards for excelling within your business to spread the incentive to do well. This might include gifts, a cash bonus or holding a staff party.
Offer flexible working
Top performers within your business are likely to be putting in their fair share of hours. However, this isn’t always sustainable and may demotivate them in the long run.
Offer them flexible ways of working in order to gain days back or carry out their hours at a place or time to suit them. Home working, four day weeks and time off in lieu are all options to consider.
Offer more time off
Giving your top employees greater work-life balance can be more valuable to them than a pay rise. Extra time off might come in the form of a sabbatical or performance related additional annual leave.
Invest in them
Talk to your star employees about their career direction and what training they might need to help them achieve their goals.
Adding to their skills base will give them job satisfaction and make them feel valued within your business. You will also benefit from their new knowledge and enthusiasm.
Make sure their salary is competitive
Money isn’t the be all and end all for every employee, but knowing that they are receiving a fair pay packet for their efforts and expertise will make them more loyal to you.
Benchmark the salaries you are offering employees against others within your industry. If yours fall short then it’s time to consider a pay review.
If you would like further advice about how to retain top employees or are looking to recruit high performing staff to your business then we can help. Contact us at Ocean Edge by calling 023 8000 1153 or emailing email@example.com