Retaining Employees: how to keep your best employees, without spending money

Retaining Employees: How do you keep key employees in your business?

Retaining employees: Key Employees, AKA The Rock Stars – How do you keep key employees and how do you find more?

Do you want help retaining employees? 

Here’s how to retain the best, key employees in your organization. Better yet, this employee retention tactic won’t cost you any money.

If you are asked, “Who are the real Rock Stars at your company?” You can instantly picture the star performers at your company, your key employees. When you think about needing to “Retain Talent,” this is who pops into your mind. These are the key employees you’d miss if they were gone. Many large companies have a retention strategy for keeping employees, but I’ve found most retention strategies can be too complicated. Here’s the guide on how to retaining your key employees.

I emphasize real because every company has individuals who think they are Rock Stars. In reality, they are Brilliant Jerks.

How do you know what type of employee you have? Download the free Dando Right Idea, Wrong Person Matrix.

 

The real Rock Stars are easy to spot. Their attitude is infectious. Their performance is stellar. They are champions. You want more key employees like them.

Rock Stars are the measuring stick for performance and attitude. They are usually your best leaders. This is crucial because no company can not outperform leadership.

Retaining employees: How do keep key employees at your company?

Forget simply retaining employees – how do you attract even more top talent?

As you know, Rock Stars expect a lot from themselves. But the part most leaders forget, Rock Stars expect a lot from you, too. Rock Stars need leadership and accountability from you.

The best thing you can do for your Rock Stars is spending intentional time with them (both scheduled and impromptu). It’s a natural temptation to focus your attention on the problem employees. Here’s what to do with bad employees.

Try this free, powerful and proven leadership tactic: Spend a majority of your time the next 30 days with your top performers. Spend less time with the underperformers. Don’t micromanage the top performers.

Instead, here’s how to keep key employees:

  • Listen to them.
  • Ask them a lot of questions:
    • What do you dream about? What do you care about? What makes you happy? What is your favorite hobby? If you could change one thing in the world, what would it be?
    • What’s working in the business? What’s not?
    • How can I help you?
  • Share yourself with them, both personally and professionally.
  • Share your dreams and expectations for them.

This is overly obvious and embarrassingly simple. It works and most of all, it’s a fun way to retain key employees and attract an even higher level of talent.