How to keep your employees around
October 11, 2012
Some individuals simply use their current jobs as stepping stones - a way to fill their time and provide a steady stream of income until they can find something that can further their careers. While small business owners can often identify the people who only want to advance themselves before they make the mistake of hiring them, if one of their workers is unhappy, the employee can begin developing the feeling that they want to move on as soon as possible.
But how can leaders keep their staff satisfied without adversely affecting the company? For instance, the administrators could probably make many enjoy their jobs more by giving business-wide raises, but that would most likely send a smaller firm down the drain unless the revenue can provide for such a change.
If employees are treating the company like a revolving door, not only will the business environment be adversely affected and constantly in flux, but the reputation of the firm might suffer, affecting income. There are certain steps that can be taken to keep people happy in the workplace.
A growing problem
This issue is becoming more prominent, a CareerBuilder study found. The poll revealed that 74 percent of individuals that currently have a job are either actively searching for a new position or would be open to accepting another one if an opportunity arose. Sixty-nine percent of respondents told the source looking for other jobs is a part of their normal routine.
Small business owners should know that 35 percent of people start preparing for a new job opportunity within two weeks of being hired. Though this information could worry some leaders, others know that they can take this as a 14-day window to woo the new worker and make them start thinking of the company as a place they can see themselves staying at for the long run.
However, there are cost-effective efforts that can be done to ensure more workers remain loyal. For example, citing employee preferences from the GrowBiz Media Small Business Hiring and Retention Survey, Small Business Trends reported the favorite benefit offered by companies is paid vacation. The source said, since it doesn't cost anything out of pocket and wouldn't affect the company's bottom line or require a revamp of accounting software, these options are effective.
The source also explained things like good business relationships, a fun, comfortable environment and other benefits, such as health insurance and flexible hours are among the elements that entice people to remain in their jobs for an extended amount of time.