October 2007  
The loss of a good employee comes at a steep cost. It affects your company's customer service and employee morale. Plus, it brings the added expense of recruiting, hiring and training a replacement.

That’s why more and more businesses are focusing on employee retention. Here are some tips for keeping your employees happy -- and on your payroll:

Ask your employees what motivates them. What perks would they like? What would make them feel appreciated? How can you help them meet their career goals?
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Take care of the basics. Make sure employees have the tools they need to get the job done, and that they have a comfortable working environment.

Express your appreciation. It only takes a few minutes to send a nice thank-you note with movie tickets, or a gift basket of delicious treats, spa items or candles. Be sure to select a gift that matches the employee’s personal likes and interests.

Make them proud. Give employees logo’d travel mugs, desk accessories and portfolios they can use with pride. Consider rewarding your staff with attractive awards, plaques or clocks they can display in their work area.
Give employees the opportunity to grow. Provide monthly “lunch and learns” or other training classes. Give attendees nice notebooks (like these attractive note wallets) and imprinted pens with your company logo.

Build loyalty and morale with an ongoing recognition program. One hospital gives employees tokens for going above and beyond. These tokens can be collected and redeemed for a variety of rewards, including electronics, jewelry and clothing. The program is saving the hospital $2 million in turnover costs – every year!

Fortunately, it’s fairly simple to make employees feel valued. Contact us today for some great ideas that will keep your employees happy!


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