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It’s Not All About the Money: How to Retain Great Employees

You have a terrific staff, a team that you feel can get your company to the next level. So how can you keep those employees within the fold?  You would think that money is enough to keep a staffer happy, but actually, money is just one of the issues employees consider when it comes to whether to leave a company. Here are some things you can do to keep your staff happy – and employed with your business:

Make staff feel empowered and important

People want to feel like they’re making a difference, and that what they have to say matters. If you never take your employees’ suggestions into account, if you micromanage them at every turn, if you force square pegs into round holes, your staff may leave as soon as they have a better opportunity. So whenever and wherever you think it makes sense, why not listen to what your staffers have to say, and empower them to make decisions?

Allow your staff to grow and learn

Back in the 1990s, many of the first people to lead their office into the internet age were not trained computer experts, but employees from all walks of life who had an interest in learning about the web, and helping their company move forward on the internet. These days , there surely are some things that your staff is interested in learning more about, and by doing so, they could move your company forward into the future. Encourage them to learn and grow, and your company could grow as well.

Keep the office on an even keel

You may be a great manager, but upper management may be making things seem mercurial and rocky. The more you can do to protect your staff from interference and office mood swings, the better. Stuff rolls downhill, but try to stop it from going any further downhill.

Offer better benefits

You should compensate your employees as much as you can, within reason, but money is just part of the equation. Things that can make your staff happy as well include health care, dental care, tuition reimbursement, and gym memberships. Of course, you may not be in a position to decide on compensation, but there are other things you can do to make employees happy. For example, when you get freebies from clients, like primo sporting events tickets, why not share them with your staff instead of hoarding them for yourself?  You want your staffers to feel that they have it good at your company.

Give your employees leave time and hours that work for them

Be flexible with work hours, including allowing flextime, work-at-home hours, and vacation time. Some companies are allowing unlimited vacation time, as long as the work is done. You don’t need to go that far, but working with your staff to make sure that you have great production, but they get to enjoy their personal lives as well, can help keep them happy.

Have an attitude of gratitude

If you let your valued staffers know that they are appreciated, and continually show your respect and approval for them, they may be much less likely to want to go elsewhere. But even if they do need to move on, still show how grateful you are to them. Who knows? They may come back one day.

Lisa Swan writes on a variety of coaching issues at MeredithHaberfeld.com.

 

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