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HOME::Career & Employment

Top 7 Strategies To Retain Key Employees

By Christopher M. Knight

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  1. LISTEN to them. Find out about their personal goals. Be frank and honest with them at all times, and expect the same back.

  2. Get their significant other involved. I can't tell you how many great employees I've lost, because I failed to engage the support of the spouse or significant other.

  3. Engage their mind. A learning, expanding mind, sticks around longer.

  4. Praise Praise Praise, Recognition Recognition Recognition is worth more than money, even if you'd prefer the money yourself. ;)

  5. Give them ownership of their unit, division, team, product division, or whole business unit.

  6. Invest in them. Sometimes the things that cost you little, give them great value.

  7. Ohh, yes, Use EQUITY when you have a real winner.

This Piece Was Submitted By Entrepreneur, Author, Business Builder and Email/Web/Internet Strategist, Christopher M. Knight.

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Article Submitted On: April 22, 1998