With the unemployment rate on the rise, you may think that you don't need to be concerned with employee retention, but when you consider the cost of turnover, decreased productivity and recruiting expenses, you can see how losing one employee can quickly impact business.
Employees leave managers and supervisors more often than they leave jobs or companies. That's why your role in retention is so important. The following advice will help you take steps to keep employees:
Make your expectations known. Frequently changing an employee's duties can create stress and dissatisfaction because he or she never knows what to anticipate from one day to another.
Communication is key. Just as you need to be clear about your expectations, employees should feel free to ask questions or voice concerns without fear of recrimination. Provide a means for employees to share their ideas.
Be fair when it comes to choice assignments, raises or other perks of the job. Don't be hesitant to commend an employee if he or she deserves it, but realize these benefits rarely remain secret and it could impact other employees.
Goran Jovanovic
YOUR World Class Realty Team
Direct: 954-243-7570
Comments(0)