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What are your top employee retention strategies that really work?

Answers

Bryan Frey
Title: VP Finance/Corp Controller
Company:
(VP Finance/Corp Controller, ) |

Get the heck out of the office with co-workers. We like to plan offsites to do fun things like bowling, mini-golf, bbq, whatever. Just getting folks out of the office puts them in a whole other frame of mind and helps build bonds and trust. Also shows them that it's not all about work, the company cares about taking time out to enjoy life. We find doing this quarterly, which seems like a lot but is really not, is very effective at increasing job satisfaction.

Anonymous
(Senior Manager - Strategic Analysis) |

PAY THEM!!!!

Ok, it isn't that simple. But no matter how much you read on management strategies and making the best cultures, or best soft benefits, they are all a distant, distant second to competitive monetary compensation.

Of course they matter, but old fashion dollars trump everything else. Many people will disagree in theory, but history and experience will prove it time and time again. It's our job to provide the best working environment within a budget. But an inadequate budget will torpedo all other efforts. Get that right to start with.

Topic Expert
Regis Quirin
Title: Director of Finance
Company: Gibney Anthony & Flaherty LLP
LinkedIn Profile
(Director of Finance, Gibney Anthony & Flaherty LLP) |

Recognition is very powerful - company blast e-mail of acknowledgement (free); lunch with CEO (minimal); best process improvement idea contest with recognition (minimal).

Carrie Roesner
Title: Controller and VP
Company: Centro
(Controller and VP, Centro) |

We've been voted the best place to work in Chicago for the 3rd year in a row and have extremely low turnover so we are very passionate here at Centro about employee happiness which leads to retention.

I would recommend looking at your hiring and interview practices to ensure you're hiring the right people for the right jobs. We look for people who's passion, strengths and goal align with the job they're doing.

We also establish an environment and culture that keeps people engaged and happy. We put a huge focus on understanding people's career and life goals and help them develop the skills they need to work towards them, whether at Centro or at their next job. We also have a culture that recognizes and shows appreciation for good work and going above and beyond and we make sure to say thank you a lot. I think you have to have a culture and supporting processes and initiatives that show you really care about your employees and in turn, they'll care for the company.

Gary A. Pokorn
Title: Sales Enablement Manager
Company: Oracle I NetSuite
(Sales Enablement Manager, Oracle I NetSuite) |

Carrie - congratulations on your company's recognition. I agree with your point of view - hire the right people to begin with. Thx, GAP

Scott Kleinberg
Title: CFO
Company: Undisclosed
(CFO, Undisclosed) |

Don't be a jerk to work for. At the end of the day, your employees work for YOU, and will put up with a lot (bad hours, less-than-great pay, struggling company, etc.) if they like their boss and respect him/her. That's true up and down the ranks - its definitely true for me when i think about why I stayed in certain situations.

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