Don’t Let Them Walk


GOLDEN BUSINESS IDEAS

After a company has invested in training them, many employees leave for better-paying jobs. In some respects, employers create the problem when they place more emphasis on hiring candidates based on their skills rather than on their history of loyalty. A history of frequent job-switching is likely to be a pattern for the future.

Don’t be lulled into thinking that talented workers will stay just because of a pay increase, reasonable opportunities for advancement and a good work environment. All a competitor has to do is raise the stakes and many employees will quickly switch loyalties.

What does it take to develop real loyalty in employees? Make them feel more like owners by letting them share in the profits. It’s important to give employees a sense that they’re sharing in their contributions to the business.

SPONSORED QUIZ

How well do you know small business?

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SPONSORED REPORT

In focus: Payroll

Providing payroll services that comply with ever-changing regulations and meet evolving employee and employer demands is no easy task. Paychex's Tom Hammond discusses common payroll considerations for CPA firms.