Losing employees is a costly proposition, and losing good employees is even more expensive, especially in the current labor market, which strongly favors the job seeker.
Therefore, employers must do everything they can in their power to hold onto their employees and their best employees in particular. Employee retention efforts shouldn’t cost a lot of money, and often, keeping good employees means avoiding managerial mistakes.
Below is a list of four things not to do if you want to hold on to your best employees.
1) Failing to Appreciate Employees
We all desire recognition for hard work and excellent results. If you do not properly show appreciation to your people, and they’ll try to find it from somewhere else.
Rather than taking your employees for granted, make it a habit to recognize good performances. Be as genuine and specific as possible in your recognition. If you let your employees know precisely what they’re doing right, they’ll be more engaged, inspired, and feel a greater sense of loyalty.
2) Not Empowering Your Employees
All employees want the freedom to work out new ideas, to experiment with different methods and fine-tune their work habits. They also want you to take in interested in the work they do and offer help every now and then.
Focus on coaching staff members, as opposed to micromanaging them. Be prepared to share knowledge and experience, allowing them to make decisions wherever possible. Enable them to get the expertise and confidence they need to address issues both now and in the future. You want them to see you as a coach and advisor, not a taskmaster.
It’s also critical to make every employee feel included by not playing favorites. Encourage everybody to raise concerns, offer ideas, take chances, and acknowledge mistakes.
3) Setting a Bad Example
Great managers are also hard workers. They don’t ask their team members to do work they would never do themselves. They make sure they have an understanding of the job duties for each employee they manage. When they are brought into a department, they spend time getting to know employees’ habits and daily challenges.
Great supervisors also look for the opportunity to show leadership. They never shrink from tough decisions and ensure everybody why decisions are made.
4) Not Being Transparent
Employees hate feeling like their manager, or the company is keeping them in the dark. On the flip side, great managers and businesses make a solid effort to keep everyone in the loop and encourage a collective atmosphere.
If your company’s facing significant challenges, don’t shy away from sharing them with employees. Transparency enables problem-solving amongst employees. Your team members can’t come up with solutions if you keep them in the dark.
We Can Help You Find Your Next Top Employees
Finding top talent in this labor market is challenging. At NSC, we help our clients navigate the current market and find highly qualified candidates for their open positions. Please contact us today to find out how we can help your organization.