One of the most common things that Startups face is losing employees. Most of the entrepreneurs fail to maintain their employee and in some time they leave. This causes a lot of damage to business since the business is new, not many opportunities are open to them and in between this if employees leave, its effects business’s functionality.
When employees leave, you won’t be able handle a lot of customers since you are busy in business management.
Avoid such situation for your startups, take these tips to maintain employee retention.
Employee – Boss Relations
One of the main reasons why employees leave a business is because there is a failed employee-boss relation. This can happen if you fail to connect to your employees, constantly nag them about their work, give too many assignments, and many other things. But this can be easily avoided without allowing any materialistic compensation.
One thing every employee wants is – recognition. Being recognised for there work and compliments. Try to be generous, don’t be too hard on their mistakes. This will inspire your employees to keep working with you.
Give them a Role in Business
When you give your employee more power than his/her job title, they will feel like they are a part of business, rather than just working for a business. Every employee wants to have some value in running of business.
Doing this will motivate them in doing their jobs and will definitely improve their chances of staying with the company. You need to convince them that they are important for business.
Working hours are on the important factors that affect employee’s decision about working in a particular company. How many hours he/she have to work? Can they work from home on special occasions? To motivate your employee, you can allow flexible working hours, work from home options to them. This is one of the strategies that successful entrepreneurs chose for their startup.
Employee are greatly affected by the environment they work in. If your work environment is not positive, employee might feel stressed working in your company and eventually they will leave. To avoid this, you need a positive work culture in your
Inspire your employees to build good relations with each other. Promote team building activities. Celebrate small occasions together. Such activities will help you to create a perfect working condition and improve employee retention.
All these tips will surely help you to increase your employee retention rate.