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Improving employee retention

Here are some tips that you can follow to help improve employee retention.

Tip one:
One thing you can do that will not cost you any money at all is to provide a positive work environment. The best way to provide a positive work environment is to treat your employees how you would want to be treated.


Tip two:
You can also hire people who are self-motivated that way you can have more relaxed rules and regulations, you are not having to constantly look over your employees' shoulders. By not having to look over their shoulders constantly you are helping to add to the positive work environment through your actions. The way that you are adding to the positive working environment is that by not constantly checking up on your employees you are showing them that you trust them to get the work done. And by showing your employees that you trust them you are going to motivate your employees through your actions rather than through your words. And the best part is that motivated employees will work harder and stick around longer than other employees.

Tip three:
Another thing that you can do to keep the work environment positive is to be relaxed and flexible with your employees, know what their needs and issues are so that you can work with them not against them. What this basically means is to listen to your employees and to try and accommodate their individuals' schedules as much as possible. For example if you have an employee who coaches their kid's soccer team and needs to get off early 2 days a week try to make that happen even if it involves that employee working late two days out of the week to make up for the time. If employees need time off for doctors appointments try to give them the time off. But regardless of how accommodating you are you need to set out some ground rules, such as making it a rule they need to ask for the time off 2 weeks ahead of time.

Tip four:
While this will cost you money it will help guarantee that your employees will stick around, and that is to pay competitive salaries. By offering a little bit more then the going rate you are going to be able to choose your employees from a larger pool and by offering that pay you can minimize the chance that your employees will leave for a better paying job in the same field.

Tip five:
Another thing you can do is to help your employees develop. Provide salary reviews, performance reviews, etc with the employee and talk about ways that they can improve or what they think they would like to work on. You can also cross train any employees who show an interest in learning more aspects of the business; this will keep your good employees from becoming bored, which will encourage them to stick around.

Tip six:
Another thing you don't want to do is to take advantage of your employees. Employees who feel like they are doing everything while others are doing nothing are not likely to be loyal. So when you are delegating the assignments be sure to give them out equally or if somebody has more responsibility because they always do a better job pay them a higher salary and take the time to explain that to them.

Tip seven:
The last thing that you can do to help retain your employees is to offer them benefits. Some of the benefits that you might offer are health insurance, sick pay, vacation pay, life insurance, and retirement plans just to name a few. But one thing to keep in mind is that you do not want to offer these benefits from the very beginning because if the employee is not going to stick around then it could be a waste of money, so what you should do is to offer these benefits after a probationary period, such as 30 days or 90 days. You can also stagger the time period, such as health insurance as soon as they start and then life insurance after 30 days, etc.

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