Tag Archives: employee rewards
How Chain Operators Can Retain Talent Without Overspending
Every manager knows who the indispensable superstars on their team are. (If you don’t, you really should.) And most of those managers also know that in order to keep those superstars on the team, they must recognize and reward them accordingly. But what if there simply aren’t any more resources—money or otherwise—for a manager to leverage, even with top performers they can’t afford to lose?
Four Ways to Tap into the Short-Term Transactional Mindset in Order to Improve Retention
Attracting, hiring, and retaining the best employees is a lot more complex than it used to be. It’s no longer enough for employers to offer the same basic benefits or rely on long-term rewards to keep employees loyal. People today are savvy enough to know that in an uncertain business environment, no long-term reward is…
The Employee Reward Philosophy That Equals Higher Retention
Congratulations! That great new person has been hired to your team – and they are eager to start adding a ton of value. As a highly-engaged leader, you understand how to create an upward spiral of performance very well: define performance standards, spell out expectations, collaborate on next steps and benchmarks, follow up and adjust….