50 One-Minute Tips for Retaining Employees

Description

50 One-Minute Tips for Retaining Employees -
Building a Win-Win Environment

This book presents tips for retaining employees, especially entry-level and/or hourly
employees. These may include non-supervisory staff such as teenagers in their first
job, retirees who are working part-time, and other non-technical personnel working at
or near the organization?s starting wage. Many of these tips apply to a wide range of
businesses and many of the strategies will also work for professional and technical
workers.

Managers and supervisors in all types of businesses understand the importance of
retaining staff when the economy is strong and labor is short. Many of these same
managers, however, fail to recognize that the retention of valuable staff is always
desirable. Hiring and training are expensive, and valuable experience is lost with high
staff turnover rates. Yes, it can be challenging to find and retain employees. Fortunately,
you can use a variety of tactics to improve your retention rate.

Many employers believe that higher compensation is the only tactic for keeping
employees from leaving. But ?throwing money? at every operating problem is not the
only solution. Clearly, employees must be paid at a competitive rate. However,
compensation is more than an hourly rate or take-home pay. Benefits are also important,
and while some of these are monetary, others are not. Many employees consider
the friendliness and professionalism of the workplace, along with genuine respect
from their employers, as incentives to remain on the job. These non-monetary
attractions often influence whether a person stays or leaves.

The foundation for this book begins with you?your business culture and the philosophies
and attitudes of management. A genuine interest in ?internal marketing?
(treating your employees the way you treat your customers) must precede the ideas
outlined in this book, as only that can actually drive their implementation.

You are encouraged to complete numerous activities and exercises as you read this
book. However, an underlying ?assignment? is to objectively evaluate your business
and workforce relative to the tips presented. Consider whether the tip will be useful
just as it is presented. Must it be modified in some way to be most beneficial? Or, for
reasons unique to the business, is it not applicable? Only you, with your detailed
knowledge about your organization, can answer these questions. We hope you will
discover many practical ideas in these pages to help you retain your employees and,
in the process, help your business grow. It is for this purpose that the book was
written, and against this purpose that its worth should be evaluated.

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