3 Ways to Keep Good Employees in a Bad Economy

3 Ways to Keep Good Employees in a Bad Economy

High performers are in high demand these days; all companies want to keep their best people while facing the intimidating task of recovery. Here are three ways to retain your competent and committed people no matter what the economy is doing:

1. Create a thriving environment. High performers want to be in a high-performance culture. Give people the opportunity — and the space — to learn and continually develop their skills.

2. Give feedback. This needs to be more than an annual or semi-annual occurrence. Give feedback often. Tell your high performers what they are doing well and how they can improve.

3. Ask for input. Companies that ask their employees for input on how to increase effectiveness not only build buy-in and commitment, they get great ideas for organizational improvements.




Today's Management Tip was adapted from "How to Keep Good Employees in a Bad Economy" by Marshall Goldsmith.