Business Magazine

Employee Retention for Your Small Business

Posted on the 17 October 2014 by Fleetmatics @fleetmatics

EMPLOYEE RETENTION FOR YOUR SMALL BUSINESS

Posted 17 October 2014 12:00 AM by Jennifer Andrasik

Employee retention is an important factor in the success of your small business. Simply put, a high turnover rate is expensive. It costs both time and money to train new employees and get them up to speed.

EMPLOYEE RETENTION FOR YOUR SMALL BUSINESS

Below are some easy-to-follow tips to increase employee retention.

OFFER EMPLOYEE EDUCATION

Good employees are curious. If you can be competitive with educational opportunities offered to your staff, you can satisfy your staff's thirst for knowledge and avoid them looking to other companies. Tactics include employee training and college tuition reimbursement programs, to name a few.

HOST TEAM BUILDING ACTIVITIES

Sometimes, quality time away from the deadlines and other demands at the office will foster unity among the team. This unity can translate to a more productive work environment because the staff will be more aligned with one another. Team building activities are a good way to facilitate a bond among your staff. Try a team happy hour, potluck lunches, or even charity walks.

IMPLEMENT INCENTIVE PROGRAMS

While they say a job well done is its own reward, sometimes a little incentive can go a long way. Incentive programs can include friendly competitions among employees, or even reward cards that are given away after an employee reaches a certain goal.

Do you want more easy ways to make your small business even better? Follow us on Twitter for more tips and tricks that can benefit your small business!

Find this info helpful? Learn how Fleetmatics can help your small business even more, request a demo!


You Might Also Like :

Back to Featured Articles on Logo Paperblog

These articles might interest you :

  • Big Food Giants Manipulate Public Health Policy in China

    Food Giants Manipulate Public Health Policy China

    Coca-Cola is at it again. As soda sales decline in the United States and Europe, beverage companies look to emerging economies like China for growth. And, it... Read more

    The 15 January 2019 by   Dietdoctor
    DIET & WEIGHT, HEALTH, HEALTHY LIVING, MEDICINE
  • Jewellery for a Precious You

    Jewellery Precious

    Jewellery is always close to a woman’s heart. It completes her look and boost confidence. Considering the changing trends in jewellery fashion, it becomes... Read more

    The 15 January 2019 by   Dr.jenifer Sayyed
    LIFESTYLE
  • Rajshri Productions’ Next Is A Film On Friendship | Hum Chaar | Trailer

    Abhishek Dixit’s debut feature film Hum Chaar is a Bollywood film made under the banner of Rajshri’s film. Hum Chaar is written and directed by Abhishek Dixit. Read more

    The 15 January 2019 by   Themoviean
    ENTERTAINMENT, MOVIES
  • Saint Paul the First Hermit

    Saint Paul First Hermit

    Today is the feast day of Saint Paul the hermit. This is a sweet and delicate Oatmeal Bread topped with rolled oats and naturally sweetened with agave. Saint... Read more

    The 15 January 2019 by   Veronica46
    FOOD & DRINK, RECIPES
  • Irupathiyonnaam Noottaandu | Teaser | Pranav Mohanlal | Arun Gopy

    Arun Gopy’s Irupathiyonnaam Noottaandu is an upcoming Malayalam action-drama feature film starring Pranav Mohanlal and Zaya David in the lead roles. Read more

    The 15 January 2019 by   Themoviean
    ENTERTAINMENT, MOVIES
  • A Year Of Body Positivity

    Year Body Positivity

    Last January, as I sat there on New Years eve all set to make the same old resolutions I've made year after year for as long as I can remember, I realised how... Read more

    The 15 January 2019 by   Sparklesandstretchmarks
    DIARIES, SELF EXPRESSION
  • Garden Bloggers Bloom Day – Jan 2019

    Garden Bloggers Bloom 2019

    Euphorbia rigidaWhen I went out to take the photos for this blog post I was surprised at how much was in flower dotted around the garden. Read more

    The 15 January 2019 by   Patientgardener
    GARDENING, HOME

Magazine