When it comes to running a business, there would definitely be does who would refuse to put in their very best in running the business and making sure things goes well, while they are others who are simply just lazy. Every employee is simply looking for where they can get the best, how would you retain these competent employees ?
How would you retain competent employees?
- Thread starter eldavis
- Start date
To retain competent employees, other than offering them a competitive compensation and benefits package, opportunities for career advancement, a pleasant work environment, work life balance are also important.
Compensation of good work and promotion is a way to retain competent employees
Well, i would always offer them bonuses, if I do not have the ability to promote them to a higher designation due to financial issues in my business. I thing that credit should certainly be given where it is due.
For you to retain your competent employees you must convince them with incentives and goodies that would enable them to continue working on your company. This can be achieved by provision of good working environment and better salaries package among other incentives.
Yes, but what if they want to leave, how do you retain them?
Paying them well is a basic thing. Apart from that, you could also offer bonuses to them as well.
Yes, bonuses when they are not even expecting it will make them feel appreciated
Well, this may also include bonuses that they might be expecting because they may work hard to gain it.
A business can retain competent employees by offering competitive salaries and benefits, providing opportunities for growth and development, fostering a positive work environment, recognizing and rewarding achievements, and effectively communicating with employees.
You can retain a competent employee by promoting such employee.
