{"id":143020,"date":"2022-04-21T09:00:49","date_gmt":"2022-04-21T09:00:49","guid":{"rendered":"https:\/\/www.regenesys.net\/reginsights\/?p=143020"},"modified":"2026-02-24T15:37:02","modified_gmt":"2026-02-24T13:37:02","slug":"how-to-retain-your-best-employees","status":"publish","type":"post","link":"https:\/\/www.regenesys.net\/reginsights\/how-to-retain-your-best-employees","title":{"rendered":"How to Retain Your Best Employees"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">It has never been easier for talented employees to change jobs. Big salaries and benefits will no longer keep your key players on board. The highflyers of today want a position that offers challenging and stimulating work, the opportunity to learn and grow, and a great boss and great team members.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">There are excellent reasons why you should go out of your way to retain good staff.<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Talent is what separates you from your competitors. Technology is ubiquitous and getting cheaper and cheaper. There are many ways to raise capital. But a good team is difficult to replicate.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">There is a shortage of talent worldwide. Digital technology has made it possible for anyone to work from anywhere in the world.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">It has never been easier for your employees to test their worth in the marketplace. Networked head-hunters go way beyond the usual online recruitment applications to get behind corporate firewalls and find the high performers.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Replacing a key team member can cost you dearly. There&#8217;s the opportunity cost of sales for foregone and stalled projects. It is estimated that it costs two to three times the annual salary to replace a top performer.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The worst time to lose talent is when you are undergoing organisational change. An uncertain future and a dip in morale may be just what tips the scales with an employee considering a move.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">So, what is going to keep your best people aligned and motivated and in your organisation?<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Without exception, they are looking for:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Exciting, challenging work\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Career growth<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Learning and personal development opportunities<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Great people to work with<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Fair pay and benefits and<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">A good boss whom they respect and from whom they can learn\u00a0<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Here are some proven ways to go about keeping your top team members in the organisation.<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Find out what each team member wants. Don&#8217;t treat them all in the same way. Understand their personal situation. A single person with no dependents has needs different from someone with a family and a housing bond. Bend the corporate policy manual.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Let your top employees know that you understand why they are valuable. Recognise them for their exceptional contribution.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Recruit the right person, even if it takes longer. Don\u2019t be stampeded into filling a key vacancy. The cost of those few extra weeks will be offset by the savings you make with the right person.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Show them respect and show them that you trust them. Create a culture of inclusion. Don\u2019t always be the boss issuing instructions and reprimands. Be human and approachable.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">\u00a0Give them specific feedback. General comments of \u201cwell done!\u2019 will not be as powerful as a precise conversation about the employee\u2019s unique contribution.\u00a0\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Discuss their future with them. They need to know what\u2019s in it for them. Don\u2019t make promises you cannot keep but spell out a career pathway and be clear about the standards that must be met.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Create a work environment where people are valued and where they enjoy doing what they do. Deploy your team to make the most of their skills. Stretch them but don\u2019t destroy them<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Information is powerful. Share freely, openly, and frequently. People love to be in the know. It helps them do their work better when they have the big picture.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Give team members the space to do their work. Don&#8217;t hover over them or micromanage them. Be clear about the outcomes you expect and trust them to do the right thing.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Respect people\u2019s life outside work. Work is only a part of who they are. Give them the space for their important stuff and they will come through for you.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">There is only one person who is accountable for retaining the talent in your team. And that is you. It\u2019s a vital part of being a good leader. Look after the team and they will make you look good. Your success depends on it.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>It has never been easier for talented employees to change jobs. Big salaries and benefits will no longer keep your key players on board. The highflyers of today want a position that offers challenging and stimulating work, the opportunity to learn and grow, and a great boss and great team members. There are excellent reasons<\/p>\n","protected":false},"author":134,"featured_media":143021,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_eb_attr":"","_sitemap_exclude":false,"_sitemap_priority":"","_sitemap_frequency":"","footnotes":""},"categories":[1,608],"tags":[],"country":[],"class_list":{"0":"post-143020","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-a-z-topics","8":"category-leadership-insights"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>How to Retain Your Best Employees - RegInsights<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.regenesys.net\/reginsights\/how-to-retain-your-best-employees\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How to Retain Your Best Employees - RegInsights\" \/>\n<meta property=\"og:description\" content=\"It has never been easier for talented employees to change jobs. 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Forson","author_link":"https:\/\/www.regenesys.net\/reginsights\/author\/james-f"},"rttpg_comment":0,"rttpg_category":"<a href=\"https:\/\/www.regenesys.net\/reginsights\/category\/a-z-topics\" rel=\"category tag\">A - Z Topics<\/a> <a href=\"https:\/\/www.regenesys.net\/reginsights\/category\/leadership-insights\" rel=\"category tag\">Leadership Insights<\/a>","rttpg_excerpt":"It has never been easier for talented employees to change jobs. 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