All successful company leaders and senior management executives understand the value that comes from long-term employee relationships. With low levels of turnover, organizations are better positioned for success, internal consistency and stability, but how can companies get to the point where employees consider their place of employment permanent instead of temporary? It all comes down to maintenance, recognizing individual and departmental needs and making those needs an overall company priority. Here are five ways to keep your employees’ loyalty at a high level:
Motivating and challenging workload – Boredom is one of the fastest ways to have your staff turn to job employment search engines. There is little or no excitement that comes from performing the same routine day-to-day. Even though the mundane tasks still need completion, make sure employees are participants in interesting projects and that their workload is challenging.
Acknowledgement and appreciation of work well done – Confirmation of strong performance is more effective than you may realize. By publicly acknowledging the achievements of your staff, you remind individuals of their own personal value to the organization, which is critical. When employees can visually recognize that the work they do not only matters, but makes a difference on a companywide scale, they have little reason to find satisfaction elsewhere.
Upward growth opportunities – When given a challenging workload and excelling at the tasks at hand, employees sooner or later are going to inquire about internal advancement. Be open to discussing growth opportunities and remember, employees are not looking for instantaneous promotion; they just want to know that there is an open path for management consideration.
Healthy working environment – Does your company operate under high levels of tension, stress or anxiety? Monitor the environment your employees are exposed to and try to keep high levels of stress and concern within executive offices. When employees are aware of all elements of the organization, performance levels may decrease because of the concern and worry that arises.
Personal relationships and understanding – Employees are likely to remain loyal when relationships have a personal component. It’s important to maintain the subordinate-management roles, but make sure that employees understand you are there for support, mentorship and guidance.
Long-term employees have a strong organizational knowledge base that will assist in the teaching and training of new company members. Investing in your current staff will always benefit you and your company in the long run.
For additional information on employee retention, please call a member of CAI’s Advice and Counsel team at (919) 878-9222 or (336) 668-7746.
Photo source: A Pillow of Winds