Appointing staff is the first step in creating a strong and efficient team.
However, keeping them is the key to the long term success and cost effective management. Essentially having a high turnover of employees will cost your business time, productivity and ultimately money.
Investing in the staff and their future ensures they will remain committed to the work and the company over a long period of time. There are some different ways to get the best from employees.
Give staff small perks to promote productivity. One of our clients offers ice cream to all staff on hot days, whilst free fruit is becoming a very popular incentive to motivate staff. These little things that can be effective motivators that require little expenditure for massive return: loyalty, pride in work and productivity.
Depending on the type of work, you can offer workers incentives to motivate and reward staff. Anything from prizes for top sellers to free coffees for brand ambassadors on social media; offering staff something that actually rewards hard work and loyalty is a good way to engender this.
Demonstrate willing to accommodate staff interests. This can be done through organising social events to team build, and also offering some flexibility. Flexi time and the option to work from home occasionally demonstrate that you see your staff as more than just an employee, and allow them to incorporate their life into their job. These are often cited as the reasons people enjoy their work.
Invest in people
Ensuring that all staff take pride in their jobs is essential to staff retention. If there is a training course they can go on to bring new knowledge in, then support them in attending it. A small investment in their future will secure that future is with you.
Outsource specific skills
If yours is a small business, often employees cover a variety of roles, some of which they do not feel expert in. Outsourcing finance, articles, social media etc. to a qualified expert could free up time and reduce stress for any employee who does not feel they have the necessary qualifications.
Nothing says longevity to an employee more than seeing promotions given to internal applicants. Mark out a clear path of advancement within the company, so staff can see how their job can progress. Having achievable goals motivates staff to optimise productivity and avoid apathy.
Have a very clear definition of your business’ core goals and mission. An affinity with your goals and values encourages staff to emotionally invest in the company, which ultimately fosters loyalty and boosts morale. We all want to be working for something we actually believe in.
Implementing a variety of methods, you can ensure that your place of work spends little to achieve the most cost effective asset: staff who will stay and help progress the company.