What?! You’re leaving me?!
A business owner or team leader’s nightmare: When top employees put in their resignation.
Was it me? We can change!
As a business stakeholder, your first line of defense will most likely be to offer them a promotion and or an increase in salary if they stay. I’ve read studies that suggest accepting this type of offer should be avoided for various reasons. However, if you want my opinion; I have never and would never accept a counter offer simply out of principle. In fact, I find it insulting to learn that I am worth more only because someone else thinks I am worth more. So what is an employer to do? Simple!
Keep your best employees HAPPY!
Ok, so this may not be as easy as it sounds. The concept is simple and can be easy. Keep in mind, what is easy to do is just as easy not to do. Make sure you are doing the easy things. All good employees want to feel like they are contributing value and want to be compensated fairly for their contributions. Here are a few easy ideas to consider:
- Have a clear set of objectives and expectations
- Show frequent gratitude & THIS INCLUDES THE SPOUSE!
- OVER PAY your good employees
Have a clear set of objectives
This is critical for all team members so they know what they are striving towards. Keep it clear and simple and this will allow them to prioritize their day around results producing activities. If the role or objective changes, be sure to include them in the decision making process.
Show frequent gratitude
Look for opportunities to show your gratitude. It can be as simple as a quick one on one verbal thank you, a hand written note or email. There is a multitude of ways to show appreciation. Do it often for work done well.
Another often over looked way of showing gratitude is to thank the employees spouse or family. Might a hand written note with a gift card to a nice restaurant make them your ally? Instead of coming home to a nagging spouse after a long day, they may be greeting them with encouragement and understanding. Just do it and see the positive change in your employees! Create additional and ongoing small perks for incremental goal achievement and performance wins.