Your employees are a necessary part of growing your business. However, keeping them loyal to your company may be an issue. Here are some ways you can retain your workers for longer periods of time.

  • Consistently Give Small Amounts of Recognition

 Duo, a digital security provider based in Ann Arbor, MI, has staff acknowledge team members for their work the previous week before every staff meeting. Peer-to-peer recognition starts each meeting with a positive feeling that lasts a long time.

Public recognition takes little effort and has a huge impact on employee morale. Happy employees work to the best of their ability and produce more output for your business. You’ll be able to expand your operations more quickly knowing you have a strong staff backing you up.

  • Offer a Vacation

Dialpad, a cloud-based phone-system supplier based in San Francisco, has employees nominate a colleague every quarter for its See the World program. The winner of each drawing decides where to visit on an all-expenses-paid vacation. Upon returning from their trips, employees discuss their experiences and how they relate to their lives.

Although an all-expenses-paid trip may not be in your company’s budget, additional paid time off is a welcome prize for your employees. They’ll be able to spend time with family and friends and come back rested and refreshed. Your employees will appreciate your generosity and remain loyal to your business longer.

  • Give Back to the Community

Bombas, an athletic sock company based in New York, gives each new hire 10 pairs of the company’s socks to give to a person in need within seven days of starting work. The act is part of the company’s Bee Better mission, teaching employees to work for things beyond their paycheck that add value to the community. Employees regularly travel together to local shelters and spend time serving others. The workers find great fulfillment and meaning in reaching out and helping others.

Perhaps your small business could follow their example by making a difference in your local community. Your employees will get to know each other on a personal level, learn how to work together more productively, and attain your business goals in a more efficient manner.

  • Provide Career Guidance

Zuora, a subscription-service firm based in Foster City, CA, knows that employees buying into the company’s vision are the most impactful. This is why the business offers career coaching for each employee. Executives meet with each worker, learn about his objectives, and advise on how to achieve them.

Perhaps your small business can implement a mentoring program for your employees. When your staff know how much you care about their professional development, they’re more likely to stay with your business longer. You’ll save time and money by not hiring and training new workers. 

Increasing employee loyalty is a vital part of doing business. For further assistance with saving your company time and money, get in touch with the professionals at Innovative Employee Solutions today!

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