Retain Key Employees

A recent article, 3 Strategies to Increase Employee Retention by Dave Will  discusses the three ways to motivate and retain your key employees, even in the difficult times or at least reduce the possibility of losing one.

Motivate your team with a vision and mission.

Spend time conversing with your employees that believe in a vision and mission so much so that it’s lined up with their own values or even becomes their personal mission.  These are passionate and committed employees that are not leaving the company any time soon.  Book a meeting room to discuss with them and identify your purpose why you are doing what you are doing.  With a purpose comes the person that goes well beyond the job description and compensation. With mutual interest, you have a dedicated team who stays by your side faithfully.

Trust and empower your employees.

Give them a project or something important to figure out, and trust them.  Let them begin to own it and take pride in it (responsibility and accountability).  Give them the desired result and ask them to report in on regular milestones. Intervention can only happen if it’s going to prejudice the business.

Create a culture that promotes employee engagement.

Every business has a cadence or custom – company and team meetings, financial reporting, Pizza Friday, etc.  However, you can start to create other routine that will help promote employee retention and loyalty. For example, give monthly employee recognition and reward; allow them to work remotely from home or in a virtual office at least once a week to promote flexibility or let them attend annual workshop and seminar for career development.

Conclusion

Retaining key employees is very vital to your business growth and success. Aside from the tips discussed above, another way to keep them is to provide a place where they can work conveniently and comfortably. YourOffice offers you a wide choice of office and workspace solutions: flexible office space, team office space and virtual office packages. You’ll have access to a complete array of office support and concierge services as well as state-of-the-art business technology.

How do you motivate and retain your key employees? Let’s hear your thoughts below.  You can also see us on Google Plus and Twitter.

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