Your employees are good at their jobs and they work hard to help the company succeed. They’re loyal, produce amazing results and support team efforts. These all-star employees are essential to the success of the organization! In fact, it could have an impact the company’s performance if they leave.

5 Tips to Retain Your Employees

Does the thought of losing your top talent to another company terrify you? It should! It is costly enough for a company to face unforeseen turnover, let alone loosing your best people! With this in mind, it’s important to have many measures in place to retain them. Use these four tips to keep your best employees happy, so they don’t even consider looking for a job elsewhere:

1. Actively Engage Employees

Talented workers want to feel like their ideas are heard. Keep these people engaged by regularly asking for feedback and subsequently implementing their ideas. Give them the freedom to work their own way, rather than micromanaging every little task. When people feel accountable for their work, they find more fulfillment in their daily accomplishments.

2. Offer Career Growth

Your best and brightest workers do not want to stay in the same positions forever, they want to move up the ladder. Provide opportunities for them to grow their careers at your company so they are not forced to look elsewhere to get to the next level. If upward mobility isn’t clearly laid out, begin by providing them with ways to continue growing professionally, such as continuous learning and gaining additional responsibilities. If possible, create a new position that better suits their purview within the company.

3. Pay a Competitive Salary

Money isn’t everything, but it’s a major factor for employees. If you’re not already paying your employees well, it’s time to make a change. Otherwise, they might slip away. Your employees know what they are worth professionally and being underpaid will eventually impact their performance. Your competitors would be more than willing to give them what they’re worth. Avoid turnover and the cost of filling a position by increasing their salary to what’s competitive and well-deserved.

4. Recognize Great Work

Your top performers constantly help your company achieve greatness, but how often do you stop to thank them? It is easy to unintentionally take top talented for granted, because you simply grow accustomed to their great work. However, people become disgruntled and unsatisfied with their jobs when they don’t feel appreciated. Make a point to regularly acknowledge and reward the achievements of your best employees to let them know how much you value their hard work.

5. Foster a Culture of Teamwork

Whether you are working with a group of co-workers on an assignment or overseeing a group, encouraging team work and professional development is a fantastic way to foster appreciation. As individuals work together, they begin to respect one another and appreciate everyone’s contributions. They also learn to depend on each other’s strengths, work together to overcome weaknesses and grow both as individuals and as a team.

Looking for top talent to add to your team?

Searching for the best and brightest candidates to fill an open position at your company? Let the experienced team at RealStreet help. Whether you need a single scheduler for a week, or an entire construction management team for a year, contact RealStreet and we will find the best people for your next job.