how to retain your employees

[Nanga Parbat]

When you say the word entrepreneur you kind of suggest that we're talking about a small business, in which case you need to be careful who and how generous you are along the journey. While it seems like a good idea to share a portion of the business, in the form of shares, with loyal colleagues - it can also backfire if they decide to bail out. You could potentially solve that by attaching terms and requirements related to length of service before the shares become eligible if you wanted to go that route. Besides that, just treat your employees like decent human beings and how you would want to be treated yourself. Being even slightly more generous than the basic packages offered by other companies can put you leagues ahead, but make sure people don't abuse that generosity as well.

Providing proper facilities to employees helps in retaining them for a long time.  only bonuses or salary increments are not enough, flexible working hours and leave policies also play a very important role. When management is too strict in approving leave, it creates stress, dissatisfaction and negative feelings among employees, which ultimately affects their performance and loyalty.I have saw a situation where owner used to keep one salary of the employee, it is an indirect way to force him for retaining long time but this is actually a wrong way. Forcing them or torturing them not always work in the favour of the business. Profit and quality work always depends upon the workers, so to promote a business one has to be work for the favour of employees equally.

[Leahized]

I would like to ask a personal question about when an entrepreneur should look for employees. What is the right way to retain them and keep them interested in your company? I appreciate creative and abstract ideas.

The answer is very simple, when you want to retain the employees of the company. Then you have to take care of them and try to meet all their needs besides paying them on time. And in selecting employees, honest people should be sought, which will lead the company towards further development. But if you decide in this case,Then a difficult situation may arise. However as an entrepreneur one should take more time to decide.

[Livingleged]

The best way to capture the mind of your employees is nothing but good treatment, you have people working for you and you don’t pay them well that aren’t gonna stay there for long cus they will get better offers and leave for good so you definitely gonna pay them well to stay thats the very first thing to consider good pay beat every other reason I’ll mention.

If they aren’t good enough for your standard you can train them to the standard you want thats like building a system which will last for a period of time good treatment is what keep people around you

Have a good relationship with employees are the best way to keep them around you.

[JoyceBTC]

You asked a question on when an entrepreneur should need an employee and right ways to retain them. Definitely when an entrepreneur cannot run his business alone and needs helping hands, that’s when employees come in.

These are also right ways to retain them
1. A fair monthly salary
2. Provide other benefits/compensations for them like performance bonuses,HMO, overtime pay etc
3.Create flexible work schedules
4. Create opportunities for growth
5. Support and encourage employees
6. Create a good and friendly relationship with employees

I believe with these ways one can retain employees. Employers should always learn how to treat employees right, so as to keep them for a longer period and it also helps gives the company a good reputation.

[Fortify]

I would like to ask a personal question about when an entrepreneur should look for employees. What is the right way to retain them and keep them interested in your company? I appreciate creative and abstract ideas.

I see cutbacks happening all over, and in some ways it is necessary because businesses can build up a lot of slack over time. Plus businesses need to adapt to current trends and sometimes that means removing obsolete or inefficient functions that may exist. This is how they survive, it's just a shame when redundancies happen on a personal level but if a business does not adapt then a lot more jobs may be at risk. Sometimes they cut too hard however and are merely chasing profits, so it's difficult to find a balance in this area and it requires an intuitive leader.

[LastKiss]

These are also right ways to retain them
1. A fair monthly salary
2. Provide other benefits/compensations for them like performance bonuses,HMO, overtime pay etc
3. Create flexible work schedules
4. Create opportunities for growth
5. Support and encourage employees
6. Create a good and friendly relationship with employees
~snip~

All six points can help make a workplace an ideal environment, but the first requirement is the most important for retaining current employees and attracting new ones. Many people look at salary first before deciding whether they want to stay and work long term in the company. Today, the cost of living needs is much higher than it was in the past, especially as global tensions continue to drive prices up across many sectors. Because of this, fair and competitive compensation has become even more crucial. Unfortunately, many companies are still unable to fully fulfill their responsibility when it comes to first point. If the first requirement cannot be met, it becomes very difficult for the other five factors to exist or function effectively in the workplace.

[beerlover]

All six points can help make a workplace an ideal environment, but the first requirement is the most important for retaining current employees and attracting new ones. Many people look at salary first before deciding whether they want to stay and work long term in the company. Today, the cost of living needs is much higher than it was in the past, especially as global tensions continue to drive prices up across many sectors. Because of this, fair and competitive compensation has become even more crucial. Unfortunately, many companies are still unable to fully fulfill their responsibility when it comes to first point. If the first requirement cannot be met, it becomes very difficult for the other five factors to exist or function effectively in the workplace.

There is no need to look at just the salary because if the salary is high but the growth is small, then there is no need to accept that job. Inflation will make sure that if you do not have a great increase then you are going to get in trouble and that is the troublesome outcome.

Let's assume that in a world where you are ok with 3k dollars a month to live, they offer you 5k a month and that is great, you accept it, then what if you only get 3% raise a year for 10 years? Believe me, even the person who accepted lower will earn more by that time. So, you have to make sure you pick a position where promotion or growth is possible so you can do better long term and not just do great for today, or you would have to resign eventually.

[Su-asa]

I would like to ask a personal question about when an entrepreneur should look for employees. What is the right way to retain them and keep them interested in your company? I appreciate creative and abstract ideas.

As an employer that hopes to grow a brand or a business quickly always learn to pay your employees promptly without any delay, most people think that rhis isn't important because they assume that as long as they pay out anytime they are still fulfilling their duty but that's something that can discourage a lot of people and give your company a bad name. paying on time and appreciating your workers with bonuses and little gifts makes them put in their best to work for you, these are little things employers take for granted

[Cgrexp]

I would like to ask a personal question about when an entrepreneur should look for employees. What is the right way to retain them and keep them interested in your company? I appreciate creative and abstract ideas.

A businessman needs employees only when he cannot manage his business alone. Or when the workload in the business increases or there is a plan to expand the business, then it may be necessary to hire employees. Also, if the speed of the business slows down due to limitations, new employees can be hired. However, to retain employees, I think they should be respected and given fair salaries and benefits. Not only with salaries, but also so that they can understand how valuable their work is to the business. If the work environment is friendly, then employees can focus on their work.

[bangjoe]

I would like to ask a personal question about when an entrepreneur should look for employees. What is the right way to retain them and keep them interested in your company? I appreciate creative and abstract ideas.

A businessman needs employees only when he cannot manage his business alone. Or when the workload in the business increases or there is a plan to expand the business, then it may be necessary to hire employees. Also, if the speed of the business slows down due to limitations, new employees can be hired. However, to retain employees, I think they should be respected and given fair salaries and benefits. Not only with salaries, but also so that they can understand how valuable their work is to the business. If the work environment is friendly, then employees can focus on their work.

I think this is general literacy that we can understand about employees, we can look at their needs and this will be answered easily, including how to retain them, this is also related to the needs of the employees themselves, if you are able to meet the minimum standards you are enough to keep someone working under you, don't think too much that what your subordinates employ is important because they can be arbitrary but educate a sense of responsibility for your duties in your employees so they can respect each other, this is much better than considering them too valuable,, Honestly, that's not a good thing to talk about as a company leader.

[DaNNy001]

I would like to ask a personal question about when an entrepreneur should look for employees. What is the right way to retain them and keep them interested in your company? I appreciate creative and abstract ideas.

Just give them a fair compensation and good benefits, that will make them stay in your company. Sometimes, we deny or not, the efficiency of one's job depends not only on how you treat them, but the amount of salary they are going to receive at the end of the month plus incentives maybe, that will make them more motivated to keep working in your company. Just do what you promised to them, then they will also stick with you.

well said, you just need to give people a reason to stay in your company, in return you demand competency and absolute efficency...it is important to always recognise those fhat sre hard working by doing this you give them more zeal to do their jobs...this is how you get people yo offer their best continually...paying salaries when you are supposed to is also something that's good enough to retain employees

[Alone055]

good pay beat every other reason I’ll mention.

I don't totally agree with that. Even though the pay could contribute to the leaving of an employee, I think mental peace will still take the first position in the list for me. I don't know if everyone has the same mindset or it's just me, but for me, I think if you are not getting mental peace in a workplace, it's going to become very difficult for you to stay there even if they are paying you very well, and I say this based on personal experience. If there is constant nagging, the boss or the manager is unfriendly and always angry without any reason, your colleagues are more like enemies than friends, and there are a lot of other things that contribute to this.

So, I think the best way to retain your employees is to provide them with the best workplace environment, there should be no negativity at all, allow them to work peacefully, and give them enough time for it so that they don't feel pressured, instead of getting angry at every small thing, motivate them because that will encourage them to work harder, and that's only going to benefit your company/firm. Unfortunatey, not a lot of bosses or managers understand this, and it's a harsh reality that there is a lot of toxicity in most of the workplaces, throughout the world.

[Yeesha]

good pay beat every other reason I’ll mention.

I don't totally agree with that. Even though the pay could contribute to the leaving of an employee, I think mental peace will still take the first position in the list for me. I don't know if everyone has the same mindset or it's just me, but for me, I think if you are not getting mental peace in a workplace, it's going to become very difficult for you to stay there even if they are paying you very well, and I say this based on personal experience. If there is constant nagging, the boss or the manager is unfriendly and always angry without any reason, your colleagues are more like enemies than friends, and there are a lot of other things that contribute to this.

So, I think the best way to retain your employees is to provide them with the best workplace environment, there should be no negativity at all, allow them to work peacefully, and give them enough time for it so that they don't feel pressured, instead of getting angry at every small thing, motivate them because that will encourage them to work harder, and that's only going to benefit your company/firm. Unfortunatey, not a lot of bosses or managers understand this, and it's a harsh reality that there is a lot of toxicity in most of the workplaces, throughout the world.

You are extremely right, I do agree with your statement. Willingness to work is not all about the payments or the salary you received. No matter how huge my salary is, my mental health is also very important, because our health should be our priority, what will be my essence of working, if I always end up spending my salary on treatment. As a result of the stress, anxiety, frustrations that I go through due to bullying that I experienced, after following the strict instructions by the employer or rules and regulations of the company. That is the main reason why studying or acquiring knowledge on occupational health is very important.

[CageMabok]

well said, you just need to give people a reason to stay in your company, in return you demand competency and absolute efficency...it is important to always recognise those fhat sre hard working by doing this you give them more zeal to do their jobs...this is how you get people yo offer their best continually...paying salaries when you are supposed to is also something that's good enough to retain employees

Retaining employees is certainly not easy, as they sometimes need pampering from their employers when they have holidays and aren't working as usual. However, based on the things you've mentioned, one way to keep employees in your business is by paying them salaries on time. And the rest is simply about rewarding those who continue to work for your company so they feel truly comfortable working there. Furthermore, overtime pay should also be increased, as this is another factor that employers must consider, as it's no longer their regular work hours.

[Unknown Op]

well said, you just need to give people a reason to stay in your company, in return you demand competency and absolute efficency...it is important to always recognise those fhat sre hard working by doing this you give them more zeal to do their jobs...this is how you get people yo offer their best continually...paying salaries when you are supposed to is also something that's good enough to retain employees

Retaining employees is certainly not easy, as they sometimes need pampering from their employers when they have holidays and aren't working as usual. However, based on the things you've mentioned, one way to keep employees in your business is by paying them salaries on time. And the rest is simply about rewarding those who continue to work for your company so they feel truly comfortable working there. Furthermore, overtime pay should also be increased, as this is another factor that employers must consider, as it's no longer their regular work hours.

Employees always demand to pay their salaries at a time and most of the employers always do this mistakes and they are delaying their salaries because they are not good person. If you are running your business then you hyto think about the need of your employees because they want to pay their bills and they have no other resources and most of the people are doing job because they have no other resource and if you will treat like that they will quit job and they will search for good job . If you are soft spoken then there will be chances of your success in life. You can't force anyone to work in your company day and night because hit responsibility is work in 8 hours or what wax decided at the time of hiring.

[Cheema02]

Retaining employees is certainly not easy, as they sometimes need pampering from their employers when they have holidays and aren't working as usual. However, based on the things you've mentioned, one way to keep employees in your business is by paying them salaries on time. And the rest is simply about rewarding those who continue to work for your company so they feel truly comfortable working there. Furthermore, overtime pay should also be increased, as this is another factor that employers must consider, as it's no longer their regular work hours.

Your ar right the facts while maintaining the employees and its true that its not easy to take employees in best direction and keeps them happ. Because they deserve some appreciation from companies during bussy shedule. So if companies wants to stay thier employees with them they should need firstly to pay the salaries to employees on time through this trust is built between company and employee. Also comanies should give some rewards to employees who are hard worker it give some confidence to them. Also overtime payment should increases because employee put some additional efforts for their company. So when worker feels comfortable with salary and stay motivated with rewards then he stay with company for long term and its helps the bussines to stay progressive.

[odunybiz]

I would like to ask a personal question about when an entrepreneur should look for employees. What is the right way to retain them and keep them interested in your company? I appreciate creative and abstract ideas.

Just give them a fair compensation and good benefits, that will make them stay in your company. Sometimes, we deny or not, the efficiency of one's job depends not only on how you treat them, but the amount of salary they are going to receive at the end of the month plus incentives maybe, that will make them more motivated to keep working in your company. Just do what you promised to them, then they will also stick with you.

well said, you just need to give people a reason to stay in your company, in return you demand competency and absolute efficency...it is important to always recognise those fhat sre hard working by doing this you give them more zeal to do their jobs...this is how you get people yo offer their best continually...paying salaries when you are supposed to is also something that's good enough to retain employees

Salary is one thing to employees but having a conducive environment to work is another. You may pay an attractive salary but of you aren't faithful to your employee, they may leave.

Workload: Some employers over work their employees without paying for over time. If workload is too much, this may stress employee and make them to quit your work.
Good relationship among employers and employees: when employers are to harsh on employee this can make them quit with no time. Although, you shouldn't be too cold nor too hot. There are times you smile with your employees and there are time you fran at them.
Giving incentives and appreciating hardwork:

[Fredomago]

Retaining employees is certainly not easy, as they sometimes need pampering from their employers when they have holidays and aren't working as usual. However, based on the things you've mentioned, one way to keep employees in your business is by paying them salaries on time. And the rest is simply about rewarding those who continue to work for your company so they feel truly comfortable working there. Furthermore, overtime pay should also be increased, as this is another factor that employers must consider, as it's no longer their regular work hours.

Your ar right the facts while maintaining the employees and its true that its not easy to take employees in best direction and keeps them happ. Because they deserve some appreciation from companies during bussy shedule. So if companies wants to stay thier employees with them they should need firstly to pay the salaries to employees on time through this trust is built between company and employee. Also comanies should give some rewards to employees who are hard worker it give some confidence to them. Also overtime payment should increases because employee put some additional efforts for their company. So when worker feels comfortable with salary and stay motivated with rewards then he stay with company for long term and its helps the bussines to stay progressive.

Give and take surely will keep let you keep your employee as long as they are satisfied with how you handle them especially their salaries and additional perks, those kinds of mutual understanding mostly lead you to make them stay, unless the person is not content and always aiming for more, those types of people is also need to ocnsider even how hard you try to keep them but if they are not contented with what you can provide they possibly leave without your control.

[9ja Amaka]

I would like to ask a personal question about when an entrepreneur should look for employees. What is the right way to retain them and keep them interested in your company? I appreciate creative and abstract ideas.

As an entrepreneur you don't need to start employment of staff immediately,  but I think before you can consider employing staff, you should be sure that you really need the staff you are employing also you should also consider that your business is capable of paying staff and it will not affect the business,. Staff can also be considered if you need to increase your business and you know you need extra hands to help the business move forward.
On retaining your staff, I think we should consider Maslow's theory of motivation. I might not remember all what the theory says right now, but I think it talks about the needs of your staff. These needs include monetary,  career advancement, sense of inclusion etc. We all have different needs and we also get motivated different. According to Maslow theory of motivation,  you need to consider the needs of the staff,  and when you meet their need, it's a way to motivate them and also keep them working for you for a very long time.

[junder]

You asked a question on when an entrepreneur should need an employee and right ways to retain them. Definitely when an entrepreneur cannot run his business alone and needs helping hands, that’s when employees come in.

These are also right ways to retain them
1. A fair monthly salary
2. Provide other benefits/compensations for them like performance bonuses,HMO, overtime pay etc
3.Create flexible work schedules
4. Create opportunities for growth
5. Support and encourage employees
6. Create a good and friendly relationship with employees

I believe with these ways one can retain employees. Employers should always learn how to treat employees right, so as to keep them for a longer period and it also helps gives the company a good reputation.

Good point, buddy. What I'm thinking about is point number two, that not all jobs provide benefits or compensation for their employees because it may not be mandatory, or because the company has its own reasons for not providing these things.

And the main thing, in my opinion, is salary. Sometimes someone will leave their job because they receive a higher salary offer, even though they were comfortable in their previous job. But sometimes, due to needs that must be met and desires, they may take a job offer with a higher salary.