Keeping Your Best Employees Can Be a Challenge

One of the biggest challenges small businesses face today is keeping their best employees. While large corporations can offer higher salaries, better benefits, and advancement opportunities, small businesses usually operate on tight budgets and lean teams. Each employee plays a critical role and when one leaves, the impact is felt immediately.

Retaining talented workers isn’t just about money; it’s about creating a workplace where people feel valued, supported, and part of something meaningful. Folks don’t just want a paycheck; they want to know their work matters. In fact, a lack of recognition is one of the top three reasons people quit their jobs.  

79% of employees who quit said they left because they didn’t feel appreciated or recognized enough, and among disengaged workers, four out of five said they’d work harder if they were recognized more. (Gallup: State of the Global Workplace, 2023) In exit interviews, conducted by the Society for Human Resource Management, nearly 70% of employees say they might have stayed if they had felt more valued by their employer. 

In our Business Coaching we’ve discovered that most people don’t leave a job, they leave a boss or manager; and that companies where people feel recognized and appreciated are able to retain far more of their employees than companies where people feel like a cog in the machine or invisible.

On Thursday, November 13 at noon, Bob Krueger and I will present a free Value-Added Seminar via Zoom on Employee Retention: Keeping Your Best Employees, where we’ll present some practical ways to recognize and appreciate your top performers.