Long-term employees are crucial to the success of your business. Each time a team member leaves, they take valuable information with them that can’t simply be transferred to a new hire.
If you’re having trouble keeping people around, it’s time to make a change. Here are four tips to help boost employee loyalty, so you can stop constantly replacing team members.
Pay Fair Wages
Your best employees aren’t solely focused on salary, but it is important. The size of their paycheck directly dictates their quality of life, so if they’re having trouble making ends meet on a below-average salary, they’re probably not going to stick around for too long.
Use wage data from the Bureau of Labor Statistics to gauge median salaries in your field, in the Dallas area. If you discover your team is underpaid, try to find money in the budget to give them a raise.
Loosen the Reins
Being the boss is a very stressful job, but micromanaging your team isn’t helping anyone. You hired bright, talented people, so trust them to do their jobs their own way.
If possible, extend their newfound freedom to their working conditions. Allowing people to set their own schedules and work remotely — at least to an extent — is a perk that will be much appreciated.
Feeling like they’re in control of their personal life makes employees happy. People know this liberty isn’t granted at every company, so they won’t be likely to leave anytime soon.
Keep Them in the Loop
Employees have chosen to dedicate their professional lives to your company, so they deserve to know what’s going on. Make sure they’re the first to know when something — good or bad — impacts the organization, because it’s the right thing to do.
Being transparent with your team is a matter of respect. They might not always like the news you’re delivering, but they’ll be grateful to work for a company that values them enough to tell them the truth.
Provide Room to Grow
Top talent has big plans for their future. No matter how much they enjoy working for your company, they’ll feel obliged to seek employment elsewhere if their current role offers no upward mobility.
Change this by meeting regularly with each employee to learn more about their career goals for the future. Use this information to help them map their next steps at your company, even if you have to create a new position for them.
If you’re searching for new hires who want to be part of your team for a very long time, PrideStaff North Dallas can help. Contact us today to start your search!