5 Reasons Why You Could Lose Your Best Employees

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The success of a startup business not only depends on the business owner but also the employees of the business. However, as a business owner we can often become so caught up with budgets, meetings and numbers, that we forget about the important people. The people on the ground who keep our business running on a day to day basis. It is important that we recognize the contributions of our employees, or we possibly face losing them to a rival company.

Why Our Employees Might Leave

We Don’t Know Them

If our employees feel like we haven’t taken the time to get to know them, then they will feel unvalued and used. They are not just another employee, we shouldn’t just know them as “the man who is good with numbers”, we need to make an effort to get to know them on a personal level. No, I am not suggesting that you interrogate them in a small room with nothing but a table and some Gooseneck Lighting, that would just be weird! However, you do need to take the time to learn more about them. Find out about their family life, what their interests are and what they are good at. Your employee will really appreciate this and as a result they will be more likely to stick around.

You Don’t Give Them Enough Freedom

We get that it’s your business and as a result you want to be the one making all of the decisions. However, if you don’t give your employees some freedom to make decisions, then they are going to feel stifled. We need to show our employees that we trust them and that we believe in them. We need to them the freedom to make some good decisions. Having too many rules suggests a lack of trust. Clear expectations are good: never-ending rules are not. If we don’t trust our employees then we will find that they are leaving to work for someone who does trust them.

We Don’t Give Out Praise

We all want to know when we are doing a good job. I am not suggesting that you start dishing out medals, unless you want to (who doesn’t love a bit of bling around their neck). However, I am suggesting that you give praise where praise is due. Don’t wait for that person’s annual review, take the time to let them know that week. It could be a quick ten minute chat, a brief email or even a few words of praise in the weekly meeting. Just make sure you make the time to do it.

You Resemble A Dictator

No one wants to work for a dictator. You do not want to spend your time managing your team through fear. You shouldn’t also be expecting your employees to work crazy, long hours just because you do. You need to respect your employees and show them respect. If you work people too hard then they will leave.

Lack of Training

You should be investing in your company by investing in your employee’s training. Regular training keeps your employees up to date with the latest industry requirements and your employee will feel valued as you are investing in their training and, therefore, them.

In order to make a success of your startup business you need to keep all of your employees happy and motivated. That’s not that difficult, is it?

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