How to Nurture and Retain Your Employees so they can make a difference

There’s more to building a team of employees than mere recruitment. The incentive structures in place for decades have gradually lost their charm among newer employees. With the passage of time employees have become more and more aware that opportunities are always knocking at the door when there is a little bit of experience mentioned about on their resume.

Moreover, the big businesses will always be able to offer higher wages as compared to smaller scaled businesses. So does that mean the end of the road for small businesses? Of course they do not. There are a number of things that under the control of the employer when recruiting a new employee. The most basic thing for a small business to do is maintain a high level of interaction with their employees. Try to read the attitude of the employee.

Not every employee has the same set of goals. While some employees may want higher wages, other may be more contented with better leave facilities. Incentives also are not totally dead yet. Many people still like to be rewarded for performing well. It gives them personal satisfaction. Commuting is something that no one likes. Having to travel to the office everyday is a tedious task which many like to avoid. Some employees like flexible work timings. Identify the thrust areas for your employees.

Based on those thrust areas, develop a reimbursement structure that is likely to keep your employees motivated. This is central to successful talent management. Have a very professional approach to your business. Have your facts and figures ready. Hold regular employee or team meetings.

You may want to give your employees a performance bonus program based on performance review to be done every month. Try and bestow your employees with a corporate environment. This work atmosphere will render them more driven.

The employers’ job does not end with recruiting. There is also a well structured succession planning program that needs to be in place. When your employees offer dedication towards the company, they deserve to be rewarded. And that is not just monetarily. When a candidate deserves it, give him or her added responsibility, promote them when necessary and let them hold an office after promotion.

The employee is adding value to your company. Don’t keep your gratitude to yourself. Let employee know you want him by allowing for higher perks and promotions.