The Downside of an Economy
on the Upswing

03/05/07

The U.S. economy is making a turn for the better, but an economic rebound could test your employees’ loyalty.

What can you do to be ready for the employment curve looming over you? Develop a strong employee retention plan now. By following some key retention strategies, you can give your employees an incentive to stay right where they are:

Set up reward/recognition programs.
You may think that you need to spend a lot of money to show your staff that you appreciate their contributions. Not so. There are many low-cost, effective ways to reward and motivate. In fact, just recognizing employees for their efforts can go a very long way.

Offer perks that employees value.
Designating casual dress days is one no-cost benefit that many employees favor. Also look at benefits that allow your employees to balance work/family life. Family-friendly benefits, such as telecommuting, can help improve your score on the employee loyalty scale.

Establish a mentoring program.
When someone joins your company, do you provide them with just a brief orientation? The company tour only accomplishes so much. It takes time for new employees to feel comfortable enough to “buy in” to your company’s philosophy and values. Try arranging for a trusted senior employee to mentor new hires over several weeks.

Little things add up, to help you keep employees
There’s never a bad time to let your employees know how much you appreciate their efforts. And that’s where you can count on G.Neil’s motivational solutions.

For example, our Motivation Kit and Employee Recognition Kit can help you get started with a recognition program of your own. To provide achievement rewards for any type of occasion, look into our variety of Mini-Award Certificate Note Cards. To check out our wide selection of motivational products, go to: www.gneil.com/info/motivation.