Retaining Top Players to Maintain Your Competitive Edge
Losing productive employees does more than depress workplace morale— it can cost you as much as two times the employee’s salary in lost productivity and replacement costs. With 47% of employees reporting that they are ready to seek greener pastures, employee retention is becoming a major challenge. So what can you do to keep your ‘keepers’ and maintain your competitive edge?
AppleOne’s free management guide, Your Guide to Successful Retention: 10 Things To Do Before They Say, ‘I QUIT’, provides solid advice for keeping employees engaged, motivated and on board. We’ve summarized a few of the tips, but you should ask your account rep for the full guide so you don’t miss a single step.
Train and Cross-Train Properly
Successful, productive, and satisfied employees often receive training on a regular basis. Training programs show your commitment to making employees a part of the organization’s future. Cross training empowers employees and engenders a sense of feeling valued and useful, making it a powerful retention tool.
Create a Great Workplace Environment
A good working environment is an important ingredient in retaining top talent. When employees want to come to work, odds are you will be able to engage, excite and retain top performers.
Pay Competitive Salaries
Salary is one of the proven ingredients in keeping top performers. Having up-to-date, accurate knowledge of standard industry pay rates in your industry will help you determine strategies for retaining your key staff members. AppleOne’s Annual Salary Guide is a helpful resource for current data, including salaries, benefits and market trends.
Give Room for Advancement
When professionals find themselves in dead-end positions they often look for other opportunities. Creating a roadmap for your employees to grow their careers and advance within the company is a proactive step toward retaining your best workers.
Recognize and Reward
When administered correctly, recognition and rewards are powerful ways to motivate your team and keep your best and brightest on board. Linking rewards to performance sends a message to others that this is what you value above all.
Enticing opportunities are on the rise for those employees no company can afford to lose. It’s more important than ever to show your top performers that that the advancement and fulfillment they seek aren’t too far away. They are within reach—and within your company walls.
Click here for your full copy of Your Guide to Successful Retention: 10 Things To Do Before They Say, ‘I QUIT’ and our Annual Salary Guide, or call (800) 564-5644.