Business leaders and managers will more often than not have a choice in where they choose to work. While they will currently be at your place of work, you will have to work hard to keep them here. Here are some ideas you can implement to keep the best managers with you.
Create A Positive Working Atmosphere
Firstly, leaders will be at their best if they are working within a positive working atmosphere. In general, your job as a business owner or manager is to create a happy place to work. This approach will help increase productivity and help convince leaders to stay on and work with you, as they have no reason to leave.
Offering Benefits
The benefits that you offer to your employees offer a great way to convince top managers to stay. This benefit could be in the form of money, with bonuses and pay raises, or it could be utilising a benefits system. This modern approach could be a system that offers discounts for products and services in a manager’s personal life or allows them to build points for rewards.
Benefits could also come in the form of health benefits. Some workplaces will offer health services on-site such as a gym or a yoga room. Other businesses will even employ nurses to be on-site if they feel the need. Workers will feel more valued if they feel like their health is a priority from their employers. This is why many employees look for workplaces that prioritise mental health.
It’s a similar story for health insurance too, but you can go a step further. Some businesses will take out life insurance for their key staff or employees in general. Life insurance might seem costly, but it doesn’t have to be.
It also comes with a number of valuable tangible benefits which can really build on your employee benefits package including Virtual GP service, medical helplines, physiotherapy and nutritional support.
Company life insurance is often one of the cheapest benefits you can provide your managers and there are things you can do to make sure you get the most cost effective policy.
Using an independent adviser they can help you compare group life insurance and negotiate with the providers to get the best deal. When doing our research we came across Drewberry who provide an independent service to find businesses of all sizes the best deal in the UK.
Identifying Leaders From The Start
While you should be aiming to keep the best talent through your retention rates, it will benefit you more long-term if you think of this in the early stages. That means you should be working to find the best talent during the job search stage.
You may find one of the most hard-working leaders around, but if they tell you they will only be in this industry for a few months, then it will not be worth your time hiring. Spend extra time during the job search to find a talented leader that you connect with that will be with you for a while if possible.
