It costs a lot to bring aboard and train the right employees, and so retaining them for as long as you can makes strategic sense for any business. After all, you don’t want to be a mere training ground or source of resume-worthy work experience for talented professionals. Understanding how premium brands, like Tesla and Blue Coat, have been able to thrive in their respective categories is paramount to knowing how you can achieve the same results.
Talk With Your Employees One-on-One
Open forums generally pave the way to relevant feedback and opinions, but few employees really voice out their concerns and pet peeves regarding their job title and daily tasks. Speaking with them privately in-person gives them the chance to actually express their thoughts about the company. Encourage them to open up about where they envision themselves in the next few months and what changes they’d like to see take place. Startups with less than 30 people will find this technique very easy to implement, but large businesses with 500 or more people may have a hard time doing so. For the latter group of businesses, having supervisors and directors conduct regular surveys from their subordinates is a feasible solution. Lead By Example
Intelligent and highly skilled employees tend to gravitate towards a company that is managed by equally talented leaders. Employees will respect you more if you lead by example instead of giving out orders while comfortably seated behind your desk. This ...