When starting a new business, or looking to expand an existing business, there are many things to consider. You might think you should be focused on increasing how much stock you should carry, how many sales you make, and how much profit you can make from every sale. Whilst concentrating on all of these other aspects of the business, it can be very easy to forget about one of the most important parts of any business – the people that work for you. Whether you’re a small business that has just a handful of employees, or you manage lots of teams of employees across lots of different departments and even different premises, it’s important to make sure you keep them as happy as possible. Failure to do so could result in your employees becoming unmotivated, unproductive, and even result in them wanting to leave the business.
If they leave the business, you’ll be left with a lot of work to recruit a new member of staff and then train them to the same level of expertise that your previous employee had. To avoid any disruption to the day-to-day running of your business, here are some effective ways to make sure your employees stay loyal to your business.
Make sure they’re able to plan for their retirement
As you’re trying to retain these valuable employees for as long as possible, it might seem weird thinking about them leaving the business. In reality, other than being made redundant, it’s probably one of the biggest concerns your employee will have about when it comes to their career. As well as having a job that will provide enough money to provide for everything they need to pay for currently, they’ll also be concerned about how they’ll pay for these things once they’re too old to carry on working. Whether it be energy bills, insurance or simply buying food to fill the kitchen cupboards, there are still lots of things you’ll have to spend on even when your mortgage is payed off. With all of this in mind, one of the best ways to keep a member of staff happily employed with you is to provide them with a pension plan. This will guarantee them that they’ll have money to help pay for those expenses every month even when they’ve stopped working.
Whilst providing each member of staff with their own personalised pension plan may sound complicated and time consuming, it can be a lot easier to set up than you’d think. Simply find pension software that will take the hard work out of organising payments for each employee. Not only can software like this be used by your administrative staff to organise payments, it can also be used by your employees to keep track of exactly how much they’re expecting to have once they’re retired. This will work as a great reminder of what they’re working towards and make them feel confident that they’ll have a secure income once they do retire.
Allow them time away from the business
Whilst this article began by talking about just how vital employees are to your business, it’s important that you also allow them to have time away from the business. You might think that a good employee simply forgets about their personal life whilst they’re at work with you. Unfortunately, that simply isn’t just possible. There are times where they’re too ill to work, or another event in their personal life makes them feel like they’re unable to attend work. When those times do occur, it’s important to be understanding and offer them as much time off their job as possible. They’re highly likely to remember this understanding attitude in the future and work harder for you. It’s also important you allow your colleagues to take regular days off in-between busy shift patterns and also take leave, otherwise they may feel too exhausted to complete their work.
Make sure they feel valued at all times
As well as making sure employees are well rested and have enough money to retire with, it’s also important to make sure they feel valued within your organisation.
One of the biggest reasons for someone leaving a job is because they feel like the effort that they’re putting into their job doesn’t match the appreciation that management is showing them for putting in such effort. Make sure you regularly celebrate any achievements within the business with every employee that contributed to that success.