Mar 26, 2019
I will share the three easy best practices to reduce employee turnover in this podcast.
Let's face it, when you lose an excellent long-term employee, it takes time and money to recruit and hire replacement employees. Replacing the employee distracts from efforts that could be made to make the organization more successful, rather than spending time recruiting, hiring, and training replacements.
Want To
Invest In Yourself to Become a Well-Trained Manager?
Your best and most experienced employees are more likely to impact
your organization more than someone new to the job. Retaining your
best employees should be one of your most important management
responsibilities.
The objective of this show is to help you to identify the reasons
why your best employees may leave and show you how to develop
proactive retention strategies to eliminate these reasons.
Some of the Essentials to Employee Retention are:
Recognizing Your Employees
Recognition is an essential emotional reward that increases employee motivation and engagement, increasing the likelihood of recognized employees staying with your organization.
Employee Development Programs
One of the most powerful things you can do is to provide additional employee training. Upgrading their skill sets through training programs helps employees learn skills that will improve their performance and may help move them into positions that keep them with your organization.
Check Out Our Results-Driven Management Courses
Work Environment
In many team sports, the players who play for the winning team will comment that they gave that extra effort because they were playing for someone beyond themselves. They were playing hard for their fellow teammates. Learn how to create that culture.
Identify Career Paths for Employees with Potential to Grow
Your best employees need to feel confident that there will be promotions based upon objective standards of doing high-level work, along with showing certain aptitudes that fit the job to which the employee will be promoted. Identifying an opportunity for future promotions is an important way of retaining your best employees.
Vaughn is the co-founder of Results-Driven Leadership. He is a leadership development expert, podcaster, and author. His methods are brought from his real-world experience working on the front lines and living the role of being a high-impact leader and manager. His coaching and training programs offer no theory, just common-sense advice and direction. He is a former executive with CarMax, the world's largest and most respected company in the auto industry, and is a Fortune 100 Best Places to Work.
Vaughn's mission is to improve the impact of executives and other managers by increasing their knowledge, skills, and abilities.
His motto is "No matter what business you're in; you're in the people business."
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