Measuring employee attrition is good; planning for retention of top performing employees is critical. Your best performers have options, and they know it. They constantly evaluate your organization and the options you present for them. Keeping these employees must be a component of your overall HR solution. Here are eight factors that you must consider while planning for retention of your star performers:
Celebration should be a central part of every Company’s operations. It is much too easy to focus on what’s going wrong. Missed targets, new competitors, lost proposals, product defects and other challenges demand urgent attention. The best employers fix the problems…while mixing in a party at any feasible opportunity. For our purposes, a party doesn’t have to be elaborate; a short, impromptu gathering to hear good news qualifies as a party – especially if everyone knows these impromptu gatherings are always good news.
When is the last time someone was openly recognized for something good at your workplace? If it has been more than a week, you may want to think about employee recognition. I hear it all the time – what used to be a basic work ethic is now worthy of a confetti drop. While it’s hard to deny some concerning changes in societal norms, I believe that the gratitude attitude can provide your Company with a HUGE strategic advantage.