When you’re running a business the most important thing you have isn’t funding, or a unique idea for a product. You need the talented staff who have the skills to put your plans into action. And one of the most damaging things that can happen is when you lose your most precious staff – in a small business, losing just two or three of your most experienced, talented staff in quick succession can be a major set back.
You need to find ways to keep staff, so they grow with your business and contribute over the course of years, so you have the benefit not just of their skills as a developer, or in sales, but also their specific experience with your business: the relationships they’ve built with clients, the deep knowledge of the proprietary software and systems you use.
One of the most important ways to keep your staff for looking for greener pastures is to make sure they have a clear vision of a future in your company. If they see their career stagnating, as they fail to acquire new skills and responsibilities, they will begin to look elsewhere for somewhere they can develop more.
It begins with regular updates with your staff. An employee appraisal can be a little awkward for both parties, but if you’re both able to see it as a constructive tool you can dispense with the awkwardness and make it into an opportunity to improve life for everyone. You can find out where people’s strengths are, and where they want to, or need to improve and develop. This allows you to put together a plan for how that member of staff can push themselves in the course of the year, whether that’s taking on some more management responsibilities, or working on their technical skills.
This gives them a path to follow throughout the year, and they can see if they hit the targets they agree, staying with your company for another year will leave them with more skills and greater satisfaction.
If you have enough employees with similar aims, it may even be worth your while to organise a training course for a big group – the proven investment in their development will pay off not just in their having better skills to put to work for you but also in high morale! If you don’t have the facilities in your office to devote to it, and you’re interested in training room hire London has plenty of options for you, and your employees will thank you for it.