The job market is heating up and many companies are now struggling to keep their top talent in-house. As new job opportunities arise for your staff, what are you doing to make sure your best employees aren’t recruited by the competition?
Here are a few tips to help retain your top performers:
Identify them.
In order to keep your top performers you need to know who they are! This may sound like common sense but many companies don’t have a formal review process in place. Take a close look at your staff and determine that A, B and C players. Focus on keeping the A’s. And, when C’s do jump ship, that may be okay. In some cases a change of scenery is best for the company, and that person–just make sure you replace them with A players!
Pay attention.
Show your employees that you value them and their contributions. Tailor HR and benefit programs to meet the needs of your unique workforce. This may mean moving to flex time, PTO, or offering more choices in healthcare plans and adding any other unconventional policies.
Provide ongoing training.
Have an open door policy and encourage your employees to use it. Provide mentoring and opportunities that your competitors do not offer. Lead by example and follow through on your promises.
Ensure your company’s goals are in line with your employee reward system.
Set clear expectations on how you will reward top performers and then make sure you follow through. Nothing is worse than expecting a bonus or other recognition and then not getting it!
Ask and you shall receive.
Ask your top people why they like working at your company. Ask them why they stay. And ask them what they’d do differently. Use their feedback to make improvements. On the other hand, when someone leaves your company, ask them what made them make this decision. Knowing is half the battle.
If you find that your best employees are jumping ship, Pinnacle can help. We can provide temporary staffing to alleviate stress and improve morale. We can also direct recruit A level talent to help ensure you don’t miss a beat.
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