Employee Retention: Don’t hire them just to lose them

It’s one thing to hire the right people; it’s another to hang onto them. Here are some helpful tips and strategies for employee retention.

Company culture
Nobody wants to dread coming to work. In fact, if you build the kind of company culture that employees can thrive upon, they’ll be looking forward to bringing their best efforts to the office. Building a strong culture is not about just aiming for success; it’s also about creating a support system for your employees, and instilling a sense of worth and responsibility into everything they do.

Competitive salaries
The vast majority of job seekers choose to work at a particular business because of the salary and benefits that are being offered to them. And in a world where specialized skills are becoming more in demand, it’s worth making an investment in the future of your business in the form of competitive salaries and comprehensive benefits packages. The right kind of talent comes with a price tag, and you should be ready to pay it.

Clear goals & responsibilities
The clearer and more specific your employees are about the goals they are trying to reach, the more everyone in your company benefits. Starting your new hires off with the right kind of foundation helps them excel at their chosen position. And in the long run, a clear sense of purpose helps to engage and motivate your workforce, every single day.

Learn more: http://www.napeo.org/docs/2014_wp_peos-business-survival-rates.pdf