An Accenture study found that approximately one in nine COOs moved into the CEO’s shoes within a year of their departure and that half of COOs see themselves as the “heir apparent. Yet remarkably few companies have a comprehensive succession plan in place to make that transition successful. With this in mind, we look to further … Continued
Ten Ways to Keep Your Top Performing Employees on Your Payroll
Star employees are the building blocks for your company’s future success. They possess the experience, attitude, knowledge, and problem-solving skills that make them standouts at the office and within their fields of specialty. Developing strategies to retain your best employees is vital because your top talent provides the stability and expertise that helps separate your company from the competition. Below are ten ways to keep your top performing employees.
1) Strive to help your employees achieve a good work-life balance.
Work-life balance is a key factor in attracting and keeping top employees. Work-life balance is especially important to millennials, who place a high priority on maintaining connections with friends and family.
2) Develop a positive company culture.
A positive company culture yields a more pleasant work environment for your standout employees. The temptation to stray to another employer will be minimised if you provide an engaging and rewarding environment.
3) Highlight opportunities for growth within your organisation.
Your top employees often have their sights set on advancement and achievement of personal goals. By keeping your star employees advised of opportunities for promotions within your company, you demonstrate your commitment to helping them succeed.
4) Encourage your star performers to serve as mentors for new employees.
New employees often enter the workforce without experience or awareness of proper workplace behaviours. Fortunately, your high performing employees possess the expertise and work habits required to successfully mentor new hires. Enlisting their help as mentors for new hires helps to keep your best employees engaged and increase their sense of value.
5) Ensure that your most accomplished employees continue to be challenged.
Challenging your best employees helps to foster their engagement and increase their job satisfaction. When your key performers are happier and involved with their jobs, they are less likely to explore other job offers.
6) Solicit ideas for improvement and implement the best suggestions.
High performing employees often have a plethora of ideas to help improve your company’s performance. By implementing their ideas for improvement, you help your top employees feel valued while optimising your company’s success.
7) Offer flexible scheduling options to your top employees.
Flexible scheduling is another variable that can promote employee retention. By improving work-life balance and improving morale, flexible scheduling will encourage your top talent to stay on board.
8) Communicate regularly with your star performers.
Communication is vital to the retention of your star employees. Outlining goals and providing regular performance reviews are two ways that you can demonstrate your commitment to helping your best employees succeed. Most important, make sure that you periodically tell your best employees how important they are to the success of your organisation.
9) Recognise and reward your best employees for surpassing their goals.
Verbal recognition, certificates, gift cards, and bonuses are examples of rewards for a superb job performance. Rewards convey appreciation and help increase the confidence of your key performers.
10) Ask your employees what they like best about their employment.
This last suggestion is simple, yet effective. Asking your top employees what they like and dislike about their jobs makes them feel valuable. Additionally, you receive valuable feedback that can be used to improve your business and further foster employee retention.
Maintaining a Professional Focus on Retention
Retaining your top employees is best accomplished with the support of an industry professional. The talent acquisition experts with Lincoln Recruitment Specialists have the tools and resources to help you ensure that your star employees continue to grow with your company. With nearly a decade of experience increasing employee retention for some of Ireland’s top businesses, our recruiting specialists always welcome the opportunity to foster employee retention. We look forward to helping you keep your top performing employees.
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