Employee Retention |Leila’s House of Corrections

Skilled employees are valued in any kind of an economy, and that s why you as a manager, need to be aware of steps to make sure your most valuable employees stay your employees.

Come on managers, it s time to learn to how to retain your best employees.

It can cost up to 2 times a person s salary to hire and train a new employee, so if you don t want to spend that kind of money and who does? you need to think about retention techniques. Here are 3 tips to get you going.

Tip 1: Give your top performers as much attention as your struggling performers.

It s really easy to forget about your top performers because they are doing such a great job. Have at least quarterly check-ins with your high performers that focus on how engaged they are in their positions. Ask what s working and what s not working.

Tip 2: Provide resources and opportunities for growth.

Don t send struggling employees to training. Send your top performers instead. And figure out what class is going to increase their skills, as well as help the employee contribute more to the business.

Tip 3: Don t give up when you receive an employee s notice.

Almost all managers make this mistake: you accept someone s resignation without putting up a fight. Instead, sit down with employee, tell them how sad you are they are leaving, and include a company executive in the conversation. Start a discussion on how much they ll be missed, and how much a new company is an unknown to them.

If worse comes to worse, and a top performer leaves, the best managers keep in touch. Don t burn bridges. Keep in touch with former employees they may one day be your clients or customers. Or they may boomerang back to your company, primarily because you ve been a great manager who kept in touch.