As a small business owner, the last thing you want is a high employee turnover. You want to hire employees who will be as passionate as you are about your business and want it to succeed in the same way you do. As a small business, you may think you don’t have the same pull as bigger businesses, but that doesn’t mean you can package your business up to make it as attractive as possible for potential employees.
How do you keep good employees?
Say Thank You
One thing many employees will pick up on during their employment is how their bosses treat them and if their efforts are appreciated. Recognizing good work well done, or new achievement or anything positive and relaying that back to the individual can go a long way in boosting their self-esteem at work and show them that you appreciate and value their efforts. One of the main reasons people leave employment is due to not feeling that their work is good enough or that they are valued employees.
Invest in Them
This isn’t just about rewarding a good job. Investing in your employees means paying attention to making sure they have all the skills and know-how to do their job and the equipment they need to do it well. The easier you make it for employees to get on with their job, the better their performance will be and the more productive their working day will be. Think regular training days, well-maintained equipment, updating rules and regulations, and so on.
Promotion Opportunities
Always giving your employees a goal to work towards in your company will keep the healthy competition alive. Keep the fun in the competition by giving targets and rewarding employees who constantly go above and beyond. Challenge Coins LTD can offer coins to commemorate milestones at the company such as 5, 10, 15 years service, or for each promotion within the company and more.
Bonuses
Think extra vacation time or paid leave if they go the extra mile or even footing the bill for a team bonding day or evening to show your thanks. Shares in your company for longtime employees or regular bonuses throughout the year based on performance or reliability in their job role.
Offer Flexible Working
Did you know that employees who are allowed to take remote working days are statistically more productive and put in longer hours than those who are forced to work in an office? While you can create an informal office for your team, allowing them to have flexibility over their hours and work location can really help boost employee satisfaction and give you a more attractive incentive to potential new hires. Of course, this is workable for a lot of businesses that require working at a specified location, but for office-based companies, giving this option and rewarding your staff with your trust in them can not only make you a better employer but help you to retain the staff you have for longer.
