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Retaining Talent In Your Business

Home > Small Business > Retaining Talent In Your Business

If you are someone who runs their own business, you will want to get the right people to fill any vacancies that you might have. This can be a time-consuming process. It can take a great deal of time and effort to find the right person, and then getting them up to the right level to perform well can take even longer. With all of that in mind, you will need to be sure that you are not losing staff. 

Retaining Talent In Your Business

Often in business, there can be times when you end up losing staff members. Sometimes this is because someone has run their course with you, and are looking for new challenges. It could be that they have retired, or are taking a step in a different direction in life. Sometimes it can happen very soon after someone has started. You may find that you are losing staff because they are not happy with your company. There may be issues surrounding job security, or they may not feel they are getting the support that they deserve. All of these things can impact negatively on your business.

When you have poor staff retention, you will have a low level of productivity. It takes a while for a new member of staff to come in and be a fully functioning part of the team, and during that time, performance levels will drop. If you have gaps where you don’t have staff because one person has left and is yet to be replaced, then this too will cause you issues. 

Manging Retention In Your Business

With all of these issues considered, you need to have a way of managing staff retention within your organization. This should encompass every aspect from the recruitment process, through to onboarding, training, and beyond. It should include thinking about how you create a supportive and welcoming culture within the workplace, as well as how you reward and motivate your team. 

The Recruitment Process

From the start you need to make sure that your applicants are right for the job, and that you are also right for them. Think about what they need and make sure that you are clear in your job adverts about what you are able to offer.

Have Great Communication With Your Team

One of the areas where new staff struggle when it comes to joining a business is communication. If they are uncertain about what they are doing, or where they can find information, it can be very unsettling. Use HR software that will allow them to manage their time with you and understand when they will be working. Be clear in your induction and training about all of the expectations of the role, and what they can do if they need help.

Create A Culture Of Support

Be sure you are creating a positive workplace that rewards success in the best possible way. When someone is doing well, make sure and praise them. Give constructive feedback whenever needed, and make sure it is delivered in the most positive manner.

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Filed Under: Small Business Tagged With: business

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