Retain and Motivate Employees
in Your Small Business
To create a high-performance team, we must replace typical management activities like supervising, checking, monitoring, and controlling with new behaviors like coaching and communicating.” Ray Smith CEO, Bell-Atlantic
I can’t afford to lose good employees. How do I hire the right person and keep them?
Did you know:
- Nearly 700 thousand businesses are started each year (Small Business Administration)
- Of the 5.8 million firms operating in 2004, 78.5% have fewer than 10 employees, and 99.7% have fewer than 500 employees (United States Small Business Administration)
- Small firms (fewer than 500 employees) employed 51% of the 113 private sector employees in 2003 (United States Small Business Administration)
- Entrepreneurs lead the way in developing new ideas; 67% of inventions all and 95% of “radical” inventions since World War II were introduced by small business
Your Challenge: How do I attract and retain the people who will help my business grow?
As a small business owner with a limited budget and few resources, your employees need to wear many hats. Hiring and retaining the best person has as much to do with the person’s fit as it does with the person’s job skills. Every hire counts, because if even one person leaves a small business it impacts everyone else. Small firms also have more limited career paths than large firms.
Often, training and development budgets are smaller and critical, structured employee feedback is less frequent. How Can 40 Pillars Help? Even simple retention tools can provide dramatic cost savings and productivity gains. However, you need to know what to do without wasting time and money. You do not need to do everything – and you probably can’t. What you do utilize, though, should be prepared quickly because you have a business to run. 40 Pillars has easy, cost effective motivation and retention programs for every budget that pinpoint your critical recruiting, and retention strategies.
Engage and Retain Employees
in mid-Sized Firms
With less resources but just as many challenges as big businesses, how do we create the structure to engage and retain our best employees to stay competitive?
Your Challenge: Your organization is growing, you have more employees, and most functional roles are defined. However, within that framework, there is a need for structured systems to recruit, onboard, engage, and retain key staff. More than likely, there is now a tier of crucial key executive employees who helped you get to where you are and you want to keep them. To remain competitive, you need to retain the intellectual and relationship capital you have and establish your company as an employer of choice to attract new skills. Recruiting and retention are now separate issues and each requires a specific process to unite your efforts.
40 Pillars works especially well with Mid-size firms to uncover road blocks and build the programs to achieve the company’s new goals. We evaluate the strengths and weaknesses of the organization to highlight a 24-month strategy aimed for a high performance and low turnover workforce. 40 Pillars analyzes recruitment and selection processes to identify how your “target employee profile” has changed and how to attract you new top talent. We also provide programs to motivate your current employees and new hires. Because of additional layers of supervision, mid-size firms often ask us to provide management training to new and existing managers.