You got to have a plan. Employee motivation and retention are key strategies for small businesses everywhere. Your employees are the core of your business and if they are not motivated or if you have high turnover, your customers will be frustrated with your company. And that means your business suffers and never reaches its full potential. A recent article puts the failure to have an employee motivation and retention strategy as one of the top 10 mistakes made by businesses.
Top 10 HR Mistakes Made by Businesses – Large & Small « HR Concepts for Small Business
#4 Lack of employee motivation and retention strategies* What motivates employees?
o recognition; feeling valued by the organization
o sense of achievement
o feeling they are an integral part of the organization
o opportunity for increased responsibility and advancement
o compensation package
* Develop credible reward programs
* Insure that compensation packages are competitive to the market
Don’t make the mistake of missing employee motivation as a key strategy. The best way to implement such a strategy is through proper hiring practices. If an employee lacks character, you’ll never motivate them in any meaningful way. I recommend that you read this article on Employee Recruitment.
