Executive Recruiter Releases Tips on Keeping Quality Employees
Management Recruiter Releases 6 Tips for Employers to Help Hang Onto Best Employees.
Los Angeles, CA, January 05, 2008 --(PR.com)-- It's no secret that employee retention is becoming increasingly more difficult for companies of all sizes. The damages from losing a quality employee can be costly when you factor in lost productivity, investment in staff training, and a loss of institutional knowledge (the staff's knowledge of business operations).
Hunting for a replacement can be costly in terms of time, ad placement costs, and running the risk of a possible lack of qualified applicants. Many employers may not realize that by adopting a few simple practices, employee retention and loyalty can be increased immensely - ultimately benefiting your bottom line. The People Link (http://www.thepeoplelink.com) an executive recruiter based in Los Angeles, has released a list of six tips for employers to improve employee retention.
1. Get organized and be consistent. It is imperative to have a set of operating standards in place that apply uniformly to all employees. For a new employee to come in and find a lack of organization of business practices, and no consistency in the handling and establishment of business and staff can be very frustrating and will often lead to a revolving door. If you have an employee handbook, you are way ahead of the game.
2. Give out more carrots than sticks. Praise good works in public, and criticize in private. Make certain that your praises outnumber your critiques by a four to one ratio. Consider implementing both a bonus program, but also a regular rewards program, complete with group recognition. Make it real, tied to challenges and successes.
3. Train, then trust. A properly trained staff is imperative to a productive, happy, well-run business. It builds purpose, confidence, job satisfaction, and helps employees expand their skill sets and value to themselves and to the company, but it's surprising how often a new employee is simply shown a desk and never truly taught what to do, or told what results to expect. Take the time to train your team well.
4. Compensation & Perks. Compensate your employees well. That doesn't always mean dollar signs. Ideally, if you are a well established company, monetary compensation should be competitive, fair company-wide, and with regular performance-based increases. If you can't afford to keep a good employee by offering more money, consider what's important to them. How can you invest in your employees? Consider matching 401(k)s, sending them on training trips, providing tuition reimbursements, offering stock ownerships, or more flexible hours if they have family at home.
5. Communicate, and don't hesitate. Just because you are the boss, don't assume you have nothing in common with your employees. If you make it a regular habit to talk to your employees about things in addition to work discussions, you will find it is a great way to build quality relationships, and you can often detect potential problems in your employees before they become destructive to the office morale. There is life outside the office. Let your employees know you respect theirs.
6. Find fun in every day. Productivity is vital to the success and expansion of your business, but the office environment shouldn't be a hostile one. Appearance and tone of the office (including décor) go a long way to making everyone feel more comfortable. It's not just the reception area that needs to be inviting. Make the break room a pleasant place to gather. Convey to your employees that getting the job done is important, but a little laughter (tasteful and appropriate) goes a long way.
Mya Borgman, CEO of The People Link, stated "Your most valuable asset is your staff. Losing employees is costly in terms of time, having to find and train new people, and lost productivity compared to if the old person had stayed. Positive employee relations can create an environment of open communication, trust - all resulting in increased productivity. Realize that every business and every person is different, unique and with special gifts and qualities, and adjust your plans accordingly. These guidelines are guides to help you help your employees find a home, and not just a paycheck."
As a top recruitment agency, The People Link has placed thousands of job candidates into jobs of all types since its inception in 1995. Real estate recruiting has been one of their biggest specialty areas. More information can be obtained on The People Link at http://www.thepeoplelink.com.
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Hunting for a replacement can be costly in terms of time, ad placement costs, and running the risk of a possible lack of qualified applicants. Many employers may not realize that by adopting a few simple practices, employee retention and loyalty can be increased immensely - ultimately benefiting your bottom line. The People Link (http://www.thepeoplelink.com) an executive recruiter based in Los Angeles, has released a list of six tips for employers to improve employee retention.
1. Get organized and be consistent. It is imperative to have a set of operating standards in place that apply uniformly to all employees. For a new employee to come in and find a lack of organization of business practices, and no consistency in the handling and establishment of business and staff can be very frustrating and will often lead to a revolving door. If you have an employee handbook, you are way ahead of the game.
2. Give out more carrots than sticks. Praise good works in public, and criticize in private. Make certain that your praises outnumber your critiques by a four to one ratio. Consider implementing both a bonus program, but also a regular rewards program, complete with group recognition. Make it real, tied to challenges and successes.
3. Train, then trust. A properly trained staff is imperative to a productive, happy, well-run business. It builds purpose, confidence, job satisfaction, and helps employees expand their skill sets and value to themselves and to the company, but it's surprising how often a new employee is simply shown a desk and never truly taught what to do, or told what results to expect. Take the time to train your team well.
4. Compensation & Perks. Compensate your employees well. That doesn't always mean dollar signs. Ideally, if you are a well established company, monetary compensation should be competitive, fair company-wide, and with regular performance-based increases. If you can't afford to keep a good employee by offering more money, consider what's important to them. How can you invest in your employees? Consider matching 401(k)s, sending them on training trips, providing tuition reimbursements, offering stock ownerships, or more flexible hours if they have family at home.
5. Communicate, and don't hesitate. Just because you are the boss, don't assume you have nothing in common with your employees. If you make it a regular habit to talk to your employees about things in addition to work discussions, you will find it is a great way to build quality relationships, and you can often detect potential problems in your employees before they become destructive to the office morale. There is life outside the office. Let your employees know you respect theirs.
6. Find fun in every day. Productivity is vital to the success and expansion of your business, but the office environment shouldn't be a hostile one. Appearance and tone of the office (including décor) go a long way to making everyone feel more comfortable. It's not just the reception area that needs to be inviting. Make the break room a pleasant place to gather. Convey to your employees that getting the job done is important, but a little laughter (tasteful and appropriate) goes a long way.
Mya Borgman, CEO of The People Link, stated "Your most valuable asset is your staff. Losing employees is costly in terms of time, having to find and train new people, and lost productivity compared to if the old person had stayed. Positive employee relations can create an environment of open communication, trust - all resulting in increased productivity. Realize that every business and every person is different, unique and with special gifts and qualities, and adjust your plans accordingly. These guidelines are guides to help you help your employees find a home, and not just a paycheck."
As a top recruitment agency, The People Link has placed thousands of job candidates into jobs of all types since its inception in 1995. Real estate recruiting has been one of their biggest specialty areas. More information can be obtained on The People Link at http://www.thepeoplelink.com.
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Contact
The People Link
Mya Borgman
818-890-9998
www.thepeoplelink.com
Mya Borgman
818-890-9998
www.thepeoplelink.com
Contact
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