Retaining your best employees means understanding what motivates them

 Retaining Your Best Employees

Senior Mag Home

Search

business management

 

 

 

Make text on page larger and easier to readMake text smaller to get more text on the page  

Marketing >> Business Management >> Retaining Your Best Employees

 

Editors Note: It is expensive to replace employees, and even more so to replace "good employees".  Like a good customer, retaining your good employees is often far cheaper and easier than replacing them.  Do you know what motivates the people that work for you?  You might be surprised.  

While most managers have some pretty good ideas on what their employees want and what motivates them, they have most of these in the wrong order.  Giving your employees what really motivates them is also often cheaper than what you think motivates them.

How Managers Can Help Retain Their Best Employees 

by: Susan Cullen

A major problem for employers today is attracting the best talent, and then retaining key employees. Research shows that the key ingredient for retention lies within the manager’s ability to understand what employees really want.

The survey results below first came out in 1946 in Foreman Fact, from the Labor Relations Institute of NY and was produced again by Lawrence Lindahl in Personnel magazine in 1949. This study has since been replicated with similar results by Ken Kovach (1980); Valerie Wilson, Achievers International (1988); Bob Nelson, Blanchard Training & Development (1991); and Sheryl & Don Grimme, GHR Training Solutions (1997-2001).

Pay particular interest to the top three things managers thought employees want from their jobs, and then look at what employees said they REALLY want:

WHAT MANAGERS THINK EMPLOYEES WANT, starting with the most important:

  1. Good wages
  2. Job Security
  3. Promotion and growth opportunities
  4. Good working conditions
  5. Interesting work
  6. Personal loyalty to workers
  7. Tactful discipline
  8. Full appreciation for work done
  9. Sympathetic understanding of personal problems
  10. Feeling “in” on things

WHAT EMPLOYEES SAY THEY WANT, starting with the most important:

  1. Full appreciation for work done
  2. Feeling “in” on things
  3. Sympathetic understanding of personal problems
  4. Job security
  5. Good wages
  6. Interesting work
  7. Promotion and growth opportunities
  8. Personal loyalty to workers
  9. Good working conditions
  10. Tactful discipline

You can see there is quite a discrepancy. This indicates the value of the “intangible rewards” of appreciation, involvement and understanding. An important benefit is that the top 3 things employees want are all influenced by the relationship with their direct manager or supervisor.

Show your employees you truly value them, and never underestimate how important you are in maintaining a strong workforce and retaining your best talent!

Marketing >> Business Management >> Retaining Your Best Employees

About The Author

Susan Cullen is President of Quantum Learning Solutions, Inc., based in New Jersey. She has over 15 years experience in Organizational Development and is considered an expert in the use of blended learning methodologies for lasting organizational change. For more information go to http://www.quantumlearn.com or you can reach us at (800) 683-0681.

info@quantumlearn.com

 

- SeniorMag.com  
Advertising

Terms/Disclaimer

Sponsored Links

Hot Links
Tax Help
Wheelchairs
Long Term Care Insurance
Glucose monitors 
Electric Scooters
Diabetic Supplies
Hearing Aids
Senior Travel
Walking canes
Structured Settlements

Visit MealCall.org to find Meals on Wheels & Congregate Meal 
sites for seniors

advertising

 © SeniorMag