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HOW DO I KEEP MY BEST ASSOCIATES FROM QUITTING?

By
Education & Training with Performance Development Strategies

When one of your valued associates quits and goes somewhere else do you wonder why?  Was it because you did not pay them enough, give enough commission, or commission split?  Maybe, but more likely there were other things that caused it.  Learning to identify those other things will create a productive group of associates.  Get it wrong and you will continue to tread water always trying to catch up. But if you get it right you have stability and the building blocks for business growth. So why do so many associates and employees leave, or worse, why do they stay and become a drag on the organization?

Here is a sobering fact. Employees do not leave organizations, they leave supervisors. While factors such as compensation are undeniably important, people who are truly engaged with their organization and their team have a sense of belonging. They will not leave for a slightly better offer.

On the other hand, employees who are disengaged with their workplace and with the work they do can drag down team performance. Employees who are disengaged show up for work, but they leave their hearts and minds somewhere else.

The book "First Break All the Rules: What the World's Greatest Managers Do Differently" by Marcus Buckingham & Curt Coffman used data collected over 25 years with a million employees to identify the basic roles of a great leader/manager. They identified 12 questions which have been used by the Gallup organization. The potential effect of great leadership was summarized in the 12 questions employees ask. How do you feel about these questions?

1. Do I know what is expected of me at work?

2. Do I have the materials and equipment I need to do my work right?

3. At work, do I have the opportunity to do what I do best every day?

4. In the last seven days, have I received recognition or praise for doing good work?

5. Does my supervisor or someone at work seem to care about me as a person?

6. Is there someone at work who encourages my development?

7. At work, do my opinions seem to count?

8. Does the mission/purpose of my company make me feel my job is important?

9. Are my co-workers committed to doing quality work?

10. Do I have a best friend at work?

11. In the last six months, has someone at work talked to me about my progress?

12. This last year, have I had the opportunity at work to learn and grow?

 

Trust

 

 

I presented results to a client recently. The response was, “Wait a minute that’s stupid. I pay very well I expect loyalty. And remember, I am the boss.” Well, how has that been working out for you? Is it time to stop wasting all the money on things that don’t work? Is it time to keep your best associates from quitting?

Are you ready to save money and get better results?    Free Consultation.

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PDStrategies.net

Armonk, NY
Port Saint Lucie, FL

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Grant Schneider,
CBC, SPHR, SHRM-SCP*

*Certified Business Coach,
Senior Professional in Human Resources

President, Founder
& Leadership Coach

About Me

 

Comments(57)

Jill Saddler
Draper, UT
Draper Utah Real Estate Professional - 25 years+!

These are all great points - when you have someone good on team, it's important to make them feel valuable and respected!

Jan 28, 2014 12:12 AM
Evelyn Kennedy
Alain Pinel Realtors - Alameda, CA
Alameda, Real Estate, Alameda, CA

Grant:

People need to feel valued and feel that their work is recognized.  An effective manager should understand this and do his or her best to let employees know how important they are.

Jan 28, 2014 01:16 AM
Tessa Skeens
Hampton ReDesign, Home Staging and Redesign - Grand Junction, CO
Staging For Realtors, Builders & Investors

With the job market still recovering, employers seem to still have the attitude that it's all about them, but as you so eloquently pointed out, that doesn't work. Recognition and appreciation go a long way to retention of good employees.

Compare it to a buyers or sellers market. When either side thinks they're in the driver's seat and can call the shots, neither side wins. Great points!

Jan 28, 2014 01:24 AM
Gene Riemenschneider
Home Point Real Estate - Brentwood, CA
Turning Houses into Homes

Great post.  Many managers are so busy telling people what they did wrong (after all quality control is a big part of the job) they do not take the time to tell people what they did right or develop people.

Jan 28, 2014 03:31 AM
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Bette - hopefully those who want to hold onto agents will read this.

Richie - that is true it takes ongoing effort to practice good management.  We could say if it were easy everyone would be doing it. 

David - true even though they are not employees.  And how does that help the brand?

Terry - yes, and even in volunteer organizations.

Evelyn - and this is true.  If you want to see more great work you praise it and recognize it.

Tessa - thanks for pointing out that analogy.  That really makes the point.

Jan 28, 2014 03:49 AM
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Gene - you are right, they always point out the faults and ration the praise as if it is in short supply.

Jan 28, 2014 03:51 AM
Anonymous
"Carole Mac"
Great post, Grant! I have heard of managers that directly compete with their brokers - and take all the best (and highest priced) business for themselves. Or funnel it to just one or two of their favorite agents. Now that has got to be a tough situation in which to work! I guess the lesson for those kinds of managers would be to be fair, recognize and help ALL of the agents that show an interest in building their businesses and motivate, motivate, motivate them! Sometimes the difference between associates staying or leaving isn't always about the money, though yes, it certainly does help.
Jan 28, 2014 04:29 AM
#44
Wayne B. Pruner
Oregon First - Tigard, OR
Tigard Oregon Homes for Sale, Realtor, GRI

Supervising Brokers need to occasionally acknowledge their agents efforts. If I were to own my own Brokerage, my written company policy would be to cull the bottom 10% poor performing agents or the ones that waste my time, every year.

Jan 28, 2014 04:31 AM
Sharon Parisi
United Real Estate Dallas - Dallas, TX
Dallas Homes

Grant, I think the questions that you pose in this post are right on target!

Jan 28, 2014 05:09 AM
Travis "the SOLD man" Parker; Broker/Owner
Travis Realty - Enterprise, AL
email: Travis@theSOLDman.me / cell: 334-494-7846

I had a couple of Retail businesses for over 30 years. Not a whole lot of employees, but did have a few who worked for me for 10-15 years and several for 5-10 years. Sometimes hard to walk that line between "Friend" and "Boss".

Jan 28, 2014 05:23 AM
Toni Weidman
Sailwinds Realty - Trinity, FL
20+ Years Selling Homes in New Port Richey, FL

Great points here, Grant.. As I was reading, several people and situations came to mind. 

Jan 28, 2014 06:12 AM
Kimo Jarrett
Cyber Properties - Huntington Beach, CA
Pro Lifestyle Solutions

Most people leave because of compensation issues. To retain excellent staff requires excellent leadership and many successful business owners learn how to be excellent leaders and grow their business accordingly.

I know people who work for less wages and appreciate their company because of the benefits their company provides that isn''t available any place else, so it depends, doesn't it, on each persons value of their compensation package?

Jan 28, 2014 06:27 AM
Hella Mitschke Rothwell
(831) 626-4000 - Honolulu, HI
Hawaii & California Real Estate Broker
Employees are different than independent contractors, though. There's only so much hand holding an employing broker can do. Agents are in competition with each other because they work on commission including including within their own firm. Getting recognition and pats on the back are great, but how does that make the ones feel who don't have that drive. You want a supportive broker, but there's only so much that can be done with someone who doesn't have that drive.
Jan 28, 2014 09:16 AM
Deleted Account
Fort Myers, FL

Just as it is from agent to client, it has to be the same from broker to agent.  They must deliver what they promise.  If they don't the agent will be gone.  There are also several other things to take in to consideration.  Some might be petty to one person, but it means a lot to another.  I work for what I think I work with a fantastic company, in which a great agent left.  I found out why she left and I was surprised, but understood why.  We built a new office, which had very large 3 sided cubicles for the agents.  She couldn't concentrate without it being enclosed, so she went back to one of her old companies.  She loved the company, but just couldn't concentrate in a cubicle.

Jan 28, 2014 09:34 AM
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Jill - And it does not cost anything to make people feel respected.

Carole Mac - well said.

Wayne - encourage the top and suggest that that 10% might be better off doing something else.

Sharon - thank you.  I am glad you agree.

Travis - It is harder if friendship meant letting them slide but if it meant mutual respect and accountability it works.  Usually that needs to be done up front.  It is tough to let a friend slack off and then suddenly change course.

Toni - that's good.  I am glad I made a connection.

Kimo - well that is part but you can hate a job with great compensation.

Hella - the take away for broker and agent is the what's in it for me for both.  Obviously a broker wants agents.  If there is too much turnover the brand is affected I would think.  Now, you should have that conversation with the agent that does not fit.  Do you really want them with you?

William - that is a good point.  Sometimes things are what they are.  At least she loved the company and left with good feelings.

Jan 28, 2014 11:50 AM
John DL Arendsen
CREST "BACKYARD' HOMES, ON THE LEVEL General & Manufactured Home Contractor, TAG Real Estate Sales & Investments - Leucadia, CA
Crest Backyard Homes "ADU" dealer & RE Developer

No one nowadays likes to be bossed. But moreover no one like the whole philosophy of a BOSS. Today's paradigm is not to have employees work for you but with you. I refuse to ever work for a boss.

In fact the main reason I became an entrepreneur was becuase I didn't like being bossed. Now as an employer I have had employees for over 3 decades many of which are still with me today. I can count on one hand the number of folks that ever left because they couldn't take me bossing them around.

Jan 28, 2014 12:39 PM
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

John - sounds like you have the winning formula.  Congratulations.

Jan 28, 2014 08:34 PM
Dan Spencer
Aspen Lane Real Estate - Aurora, CO
Your Colorado Home Source

Nice post Grant.. Here in Colorado I am a independent contractor working for a company. I can see a few reasons that one would leave a company

Jan 29, 2014 01:24 AM
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Dan - yes,  it even happens with volunteers in organizations.

Jan 29, 2014 04:40 AM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Grant, this post looks really good, and you should recycle it again in the near future! 

Mar 05, 2022 12:04 PM