How Small Businesses Can Keep Hold of Their Top Performers
Monday, June 8, 2020, 6:00 PM | Leave Comment
One of the biggest challenges that small businesses face, yet one which does not get a huge amount of attention, is keeping hold of your top talent.
You will be desperate to retain your best workers so that you can take the company forward and compete, but this is challenging when the industry leaders can offer a better salary and often have the allure.
While you may not be able to match the salary (but you must at least be competitive), there are a few other steps that you can take to keep hold of your best workers and to promote employee loyalty.
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Flexible Working
In today’s day and age, flexible working is becoming expected and no longer a perk, so this is essential. You need to offer flexible working schedules and/or remote working opportunities, which can actually be beneficial from a business standpoint in addition to the advantages for the employee, so this is a win-win strategy.
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Use HRIS To Look After Workforce
For employees to feel valued and supported, you need to be able to manage them efficiently, and the best way to do this is with HRIS tools from experts like Simply Hired. This can streamline HR so that you can easily handle aspects like requesting time off, organizing signed documents and accessing employee information.
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Training & Development
The best employees are the ambitious ones that want to climb the ladder, so to keep hold of them, there needs to be a clear path within your organization. Additionally, you should sit down with each staff member to determine what their goals are and then find ways to help them achieve this, such as training, new responsibilities, sending them to seminars and promoting from within.
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Create A Welcoming Environment & Atmosphere
While money certainly is important, it is not everything when it comes to working, and you must remember that this where people spend most of their time. This means that you need to create a welcoming environment and atmosphere that ensures that people feel happy coming in to work each day.
This is an ongoing process, but a few tips include:
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Open plan office
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Allowing open communication (but not at the expense of work)
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Regular feedback
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Social events
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Ergonomic equipment
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Lots of natural light
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Create Strong Relationships with Employees
Following this, you will also need to forge strong professional relationships with your employees so that they feel valued, trusted, and supported. You can do this by providing regular feedback, encouraging them to come to you with any thoughts, problems or questions and by being a good boss. Employees often cite problems with their boss as a reason for moving to a different business, so you need to do everything that you can to be a good leader and to build strong relationships with your top performers.
Hopefully, these tips will help you to keep hold of your best employees which will be critical for taking the company forward and competing with the bigger brands in your industry.
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