Many small business owners lament how hard it is to find and keep good workers. Retaining good employees is so much easier and cheaper than finding, recruiting, and retaining them. Here are some options to stop your employees from quitting and keep them satisfied with their jobs and the company.
Honestly communicate with employees about the financial issues the company is facing, the impact on budgets, and showing that EVERYONE is feeling the impact, companies build good will by helping employees feel like they are an integral, respected part of the company. This also lessons the fear that the employee's wage could be cut, the employee could be laid off, or the employee is being taken advantage of.
Use the information garnered from the interviews to develop employee recognition and morale programs. Make it a point to highlight those who have done well to their immediate boss and to their peers. Solicit employee suggestions and recognize those who put forth excellent suggestions that the company implements.
Sit down with valuable employees and ask them are they happy with their jobs and what could be done to increase their job satisfaction. Different people are motivated by different things. Rarely is it just money. By asking people their opinions then using that information to increase their satisfaction levels, you demonstrate that you value them.
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