What’s the point of hiring great people if you can’t keep them? Here are some tips that I included in my latest book, Talent Magnetism: How to Build a Work Place That Attracts and Keeps the Best.
Pay people based on the value they bring to the organization – Money does matter. In other words, at the end of the day people still need to be able to feed their families. But it certainly isn’t the only thing that will keep great talent in your organization.
Give them the gift of great bosses. Yes, it’s true. People don’t leave their companies. They leave their bosses. Make sure your bosses are worthy of having great people. Select these people carefully and invest in their development, as leadership is a skill that requires continuous improvement.
Say thank you. Simple, yet ask an employee to tell you the last time they received a thank you at work and you’ll most likely have a few moments of silence while he or she tries to recall this event.
For more tips on how to retain great people, download a copy of Talent Magnetism.
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