As business expert, Brian Tracy says, “The best companies have the best people, the second best companies have the second best people, and the third best companies are headed out of business.”
As in most cases what determines the supervisor and employee retention rates of an industry company is the quality of thinking and communication of the business owners and managers. The better the thinking and communication, the better the company and the more profitable it is liable to be. Neither one happens by accident. It takes a clear focus and actively implementing an action plan to properly think and communicate to employees. When you are able to do this you will keep your team together and stay on the road of success.
Do you really know your people? Do you know what motivates them to stay with your company and do their job to the best of their ability? In a recent study, there were five reasons identified as to why people will leave a job. Here they are in the order of importance:
- They don’t feel good about what they do. In other words, they either don’t believe in the product or service the company offers, or they don’t feel they are making a meaningful contribution to world. They feel it is just a job and nothing more.
- The next reason people will leave a job is because they don’t feel important. They look at themselves as just a cog in the wheel. They perceive that what they do at their place of employment really doesn’t matter. As a leaders look for ways to do more praising of your team members performance.” As I have always said “praise pays.”
- The third motive is they don’t feel they are growing. Like the saying goes, “when you are green you grow and when you ripe you rot.” At the point of departure from their company they are feeling like they are going nowhere with the position they are working in and they want out.
- The next cause for people to leave to a job is because they don’t get the support they need. When requests are made for better equipment or tools to do their job, they are told things like: there is no money in the budget; it is not a priority, or given some other lame excuse.
- The final reason for a member of your team to leave is they don’t feel they are getting paid enough. This doesn’t mean that there will not be people who use that as the only reason for parting ways with your company, but for the most part, it is the factor that is usually of lesser importance than those mentioned above.
My recommendation is to schedule a one-on-one meeting with each of your employees and find out what motivates them. They will be glad you did and so will they!
By Tom Borg © All rights reserved