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The 5 R’s for retaining employees

By LAURIE STUART
Posted 9/29/21

It’s never fun when your top employee tells you that they are leaving your company. While you wish them well, it would be so much easier if they would stay forever. Here are five tips to …

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The 5 R’s for retaining employees

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It’s never fun when your top employee tells you that they are leaving your company. While you wish them well, it would be so much easier if they would stay forever. Here are five tips to increase those chances.

1. Responsibility.

How employees feel about their job is of upmost importance. (Hint: Encourage them to grow by giving them responsibilities and encouraging them to gain new skills.)

2. Respect.

Along with responsibility, make it a priority to show outward respect. (Hint: Publicly recognize employees on their achievements, celebrate their birthdays and life milestones, show your appreciation with bonuses and small perks and provide positive reinforcement.)

 
 

3. Tie part of your employees’ wages to the company’s performance.

(Hint: Aligning your employees’ interest with the company’s revenue and profit goals makes your company more resilient and agile, while also treating your employees exceptionally well.)

4. Reward.

Reward employees with tangibles that speak to their emotional needs. (Hint: Rewards that go beyond monetary ones, celebrating success with an office lunch, handwritten notes, a surprise chocolate bar, and recognition in front of peers are good morale builders and help employees feel good about their working conditions.)

5. Relaxation time.

Despite the hard economy, be generous with time off. (Hint: No one can keep up with a fast-paced workflow all the time. Make sure you help your employees catch their breath and have some downtime. Extra hint: Be generous and compassionate about life changes, sick days and always remember that as human beings, we have competing responsibilities and a life outside of work.)

Bonus hint: If you want to encourage long-term commitment in your employees, as an employer you need to provide that long-term commitment to your employees.

Resources: Harvard Business Review,
US Chamber of Commerce
Text by Laurie Stuart
Print Graphic design by Amanda Reed

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