How to retain employees

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Try to hire job candidates not only because they have the required skill set but also based on your company culture. You can train employees but altering their personalities is not easy at all, according to the Open Forum website. Think about the climate you have created in your office and try to match suitable candidates to it. Is the atmosphere rather positive, friendly and do you like having fun? Or do you prefer a professionally keen environment of excellence? Any decision to leave your company is seldom the result of one specific situation: there is usually a longer story behind every resignation. It is much more probable an employee will stay with you if he or she has fitted in seamlessly right from the very beginning. And what about further tips for retaining employees?

Remuneration is important

Your employees should be eager to move on only because they lack challenges, not because there is lack of remuneration. Research salaries in the industry and then offer a little bit more than the standard rate. Remember that one highly paid but excellent worker can be much more valuable than three average workers with average salaries. Top performers will leave your customers happy and you can rely on their judgment. And that will give you peace of mind. When you imagine what the costs of finding a substitute for your best worker might be, you will see that investing in your employees can be really profitable.

Open communication

Things change and so does your business. Maybe you want to steer your company in a different direction or introduce a new way of doing things … Changes can be difficult and stressful. In order to retain your best employees as your business evolves, create an environment where there is an open and honest flow of information. Inform subordinates about your strategic plans and decisions and ask about their possible concerns. Mutual trust will reward you with greater honesty and loyalty.

-jk-

Article source OPEN Forum - U.S. website and community of small entrepreneurs
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