"Tend to the people, and they will tend to the business."
Retaining your top employees calls for more than just a good compensation plan. You need to show your people that you care and value them.
But how can you do this in an effective and cost-efficient way?
It comes down to three things: listening to your employees, understanding your company’s needs, and being strategic in your decision-making.
More often, leaders implement employee benefits without welcoming input, suggestions, and preferences from the same people they are implementing them for.
This results in “nice-to-have” benefits that many employees do not resonate with.
As a leader, you must prioritize things your people value. That could mean substituting paid vacation time with childcare benefits or dropping paid time off for flexible work schedules.
Besides rethinking your employee benefits, you should also provide a safe and clean workplace, promote a positive work culture, and encourage open communication.
The goal is to take care of your people, so they can take care of your business.
