Employee retention is one the challenges you may face as the owner of a company with a growing number of workers. After you've invested in employees with training and financial compensation, it's easy to be frustrated and somewhat confused when they leave for positions elsewhere. Making your workers feel valued can sometimes be a way for you to both support personal growth while encouraging company loyalty. These two suggestions can assist you in moving toward that goal.
Give Employee Awards
Sometimes, the easiest way to show someone on staff that you appreciate them and the work they do every day is to give them an award. Whether you make an official "employee of the month" award or have an annual event or dinner where you give out several awards, these gifts can both give individuals the recognition they deserve and encourage other employees to work harder in order to possibly receive the same award in the months to come. Therefore, an employee award will enhance both goodwill toward the company and higher productivity overall.
When you select the award you'll be giving out, whether it be a plague or a figurine of your choosing, ensure that you're getting a high-quality piece. Your award winners will likely showcase the award they get, and if it starts to chip, fade or otherwise wear down quickly, that is a reflection on you and your business. Visit retailers nearby to look at sample awards and to inquire about materials and award longevity.
Ask for Feedback
In a business, it can be hard to know how your decisions are affecting those on lower levels unless you hear from them. Make it a point to ask for feedback from people at every level in the business so you can gauge whether they are happy with the way you and managers are proceeding. You can ask for anonymous submissions to a "feedback box", but you can also ensure that every department meeting ends with a feedback session where employees can raise questions or grievances. Then, take steps to address any concerns and to make positive changes. If your employees feel that you listen to them and care what they say, they will feel valued and happier to remain with your company.
Implementing the ideas above can bolster employees' feelings of self-importance and help them to feel good about working at a company that values them. Talking with managers and your peers in the industry can provide you with additional ways to show your workforce that you're as committed to them as you hope they will be about your company.