Keeping Your Best Employees.

You might wonder why I would write about keeping your best employees given the fact that unemployment is so high.  You might well think that your employees are not going anywhere; they are just happy to have a job.  If you have this type of attitude then be forewarned – It’s only a matter of time before you’ll lose your top employees.  Even in this economy there are reports of talented people leaving for  more dynamic companies.

While it is true that people who employed during this Great Recession are indeed thankful to have a job it doesn’t mean that they are willing to subject themselves to cruel and unusual punishment.  This economy will turn around, and some economists are predicting this to be sooner rather than later.  The job market will turn around and progressive companies will seek out new experienced talent that will take their companies to the next level.   Into a period of growth that some are estimating will be a sustained growth economy for years to come. 

Smart employers are seeking out good talent to prepare and arm themselves with individuals that will add real strength to their current workforce.  What can you do to make sure that you keep your top talent?  It’s actually easier than you think.  First, do your people feel truly appreciated.  Do you verbally make know your approval for a job well done?  Even if you think you do a great job at this I might suggest the book “The Carrot Principle: How the Best Managers Use Recognition to Engage Their People, Retain Talent, and Accelerate Performance” by Chestor Elton.  The book describes in detail great ways to show your employees that you truly care.  The book also has great advice from taking that so-so employee, and with some positive admonition, taking that employee to a different playing field in the respects to productivity and overall contribution to the company. 

Remember, its important that employees feel valued and important if solely for the fact that they’ll more than likely reciprocate that to your valuable customers.

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Branch Manager that has worked in the small to medium sized business lending field. I have experience in all types commercial lending and I'm here to provide insights from a lender's point of view. I hope to impart some knowledge that can take your business or profession to the next level. I currently work as a Branch Manager at the 10th & Bannock Office for Banner Bank in Boise, Idaho.

Posted in Business, Customers, Economy, Employees, Jobs, Motivation, Recession, Relationships, Training

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