Keeping Top Talent

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As an employer, manager, or HR representative it can be a real struggle to find top talent, but more than that, it can be difficult to keep that top talent. As someone who oversees employees, part of your job is keeping top talent working for and with your company or organization. This issue goes beyond trying to retain your employees. The issue is retaining the right employees.

In the past, we’ve discussed how employee retention is crucial to your company’s success, but you also need to make sure that you’re keeping the right talent, not just all talent. Here are just a few tips on making sure you retain top talent:

Employee Engagement

Employee engagement goes beyond just internal communications. Yes, employees want to know what is going on at the company but they want more than that. Many employees, especially top talent employees, want to feel like they are a valued part of the company. This means taking the time to hear them, speak with them, and actually get to know them.

Benefits and Perks

In the past, offering employees more money or better benefits might have been enough to keep them around. However, benefits and perks, in today’s workforce go beyond money and basic employee benefits. For example, if your employees do most of their work online or independently, consider letting them work away from the office for at least part of the time. By offering less traditional benefits, you can keep top talent engaged in their work and happy working for you.

Company Culture

Employees want to work in an environment where they are comfortable, valued, and can feel like they belong. As a manager or business owner, part of your job is to create a company culture. You get to help steer your company into the right direction and into the culture you want for your office or work environment.

Training

If you really want to keep top talent around, then provide them with training opportunities. Whether it is leadership training or the opportunity to go to an industry-specific conference, these training opportunities allow employees to grow in their careers. Employees will improve which will in turn help your organization.

Keeping top talent around will not only improve your business, but it will increase productivity and decrease your costs of hiring new employees who may not be right for the job.

Why You Need to Know Your Employees

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Depending on what industry you’re in, you may find it difficult to find the right candidates or even to retain your best employees. From salaries, to commute times, all the way to employee engagement, there are several factors for employee retention rates. One way to help keep top talent in your workplace is to know your employees.

While there might be a traditional separation of executives and managers from their employees, there doesn’t need to be. By learning what employees like about their jobs, what they don’t like, what they spend their free time doing, and what their career goals are, you can better connect with them.

Here are three reasons why you need to know your employees and make better connections:

1. Improve Retention Rates

It’s no secret that retention rates can affect the activities of your business. From a loss of productivity to the costs of hiring a new employee, high turnover rates have a huge impact on your business functions. By taking the time to get to know employees, you increase engagement and can better satisfy employee needs. Don’t just say hi to employees. Instead, encourage them to communicate with you on ways to improve the work environment and other innovative ideas they may have. Open and honest communication between managers and employees can go a long way.

2. Accelerate Growth

You could have a star employee and not know it. You could lose that star employee and lose innovation, productivity, and opportunity to grow your company. If an employee isn’t comfortable or feels like they don’t matter at work, then they’ll keep their ideas to themselves. When this happens, it could mean losing out on opportunities to grow, expand, improve processes, and ultimately grow revenue. Instead, talk with your employees, establish communication channels, and put effort into making them understand you are interested in their ideas.

3. Increase Productivity

While it was mentioned earlier, opening up communication channels with your employees and getting to know their needs can increase and improve productivity. By knowing your employees, they are more likely to care about the work they are doing, which will increase their productivity. When productivity increases, oftentimes, profits increase. By taking a few minutes every day or every week to talk to employees, you have the potential to see dramatic rises in productivity.

How do you get to know your employees? What are some of the employee engagement success stories at your companies? Leave your stories and suggestions in the comments section below!