Do you have an employee retention strategies? Are they working for you? If so, great and this may not be of benefit to you. However, if you do not have an employee retention strategy allow me to share a one of basics of employee retention with you.

Employees, as they are people, are the most important asset in every organization My belief is that if you take care of your people, they will take care of the bottom line. In order to retain your bottom line, you need to retain your people.

Whether you agree, or not, you would not have a bottom line without people. Therefore, before there even is a bottom line you need the people, particularly good people. Once you find them, train them and get them to a state of high performance, you do not want to loose them. That is why employee retention strategies are so important.

So, how do we retain our best employees, while encouraging others to perform better?

Research has told us that people want to feel appreciated and recognized

Appreciation is like praise and praise and recognition are noted as the number one motivating factor in the workplace. More money comes up only as number five.

It has been said there is a stronger need in the workplace for praise and recognition, then there is for sex and money.

So, why are we not using this as not only a motivating factor, but as an employee retention strategy?

Why is it that people are lacking praise and recognition in the workplace? We have to question that answer, and question the answer to that and go deep. What I believe is that we cannot give something away that we do not have inside to give away.

What do you do and say to yourself all day - do you praise and recognize yourself or do you criticize yourself. In either case, that is what you will give away. However, it is usually the later, as praise and recognition is highly lacking in most workplaces.

Most people are more critical of themselves than anyone else. When you are critical of yourself, you will be critical of others. So, start my changing yourself.

Stop being critical and start praising and recognizing the good things that you do. As you do that, you will feel better about yourself, and see the good that you do. Then and only then can you see the good in others and praise and recognize them accordingly.

Do you think that an employee retention strategy like this may benefit you, and your organization?

The Bottom Line – People need to have their contributions recognized and appreciated. If sincere, it builds an employees self esteem, self respect, self confidence and self motivation, resulting in higher performance, satisfaction and hence retention. This is the strongest employee retention strategy of all, and usually the one that is mostly overlooked.

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