Stop losing your best people: Strategies to retain peak performers.
Follow Enlyten Circle LinkedIn page : Enlyten Circle LinkedIn Page : https://www.linkedin.com/company/enlyten-circle/ 1. Why did top-performing leave? There are many reasons why top performers leave, but some of the most common ones include 1- feeling unsafe 2- you don't fulfil your promises to them 3- they are under market payment 4- they don't have enough…
Follow Enlyten Circle LinkedIn page :
Enlyten Circle LinkedIn Page : https://www.linkedin.com/company/enlyten-circle/
1. Why did top-performing leave?
There are many reasons why top performers leave, but some of the most common ones include
1- feeling unsafe
2- you don’t fulfil your promises to them
3- they are under market payment
4- they don’t have enough challenges to suit their potential
5- they don’t see growth opportunity
6- the work environment is toxic
7- they outperform their manager and have no way out
2. The importance of having great people in leadership positions throughout your organization
Great people in leadership roles throughout your organization are vital for keeping top performers. When employees feel their leadership truly cares about them, they will be more likely to stay with the company and work hard to reach their goals.
Top performers look for challenges, and they want to have the chance to shine and work. Leaders must assess the potential of their team and talk with them about new challenges and opportunities.
It is not enough to assign tasks to your top performer but involve him and give him the sense of autonomy and accountability he seeks. Leaders shouldn’t be afraid to overload the top performer but must be sensitive to their reactions, needs and feedback.
3. Money isn’t always the primary motivator
Money can be a factor when it comes to top performers leaving, but it isn’t always the primary motivator to keep them within. What matters is having an environment where people feel safe, appreciated and challenged. Money alone won’t keep people around if they don’t have these other factors.
4. Use objective assessment tools to measure team performance
Objective assessment tools are important to measure your team’s performance and potential. Use these assessments to determine which employees have the necessary skills and knowledge to succeed in their roles and identify areas where they may need development or additional training.
Reward effort with recognition and praise, Top performers often crave recognition for a job well done, not just monetary rewards. Make sure you recognize their achievements regularly and provide them with feedback on how they can continue to improve. Show appreciation for their hard work by offering tangible rewards such as extra vacation days or the chance to attend conferences and seminars associated with the field of employment.
5. Top strategies to retain employees and turn them into top performers?
A- Create a culture of trust and respect. Ensure your team understands your vision, goals, and objectives and how they fit in with the larger picture.
B- Build relationships by getting to know each person individually, providing meaningful feedback and recognition for their efforts.
C- Offer competitive benefits packages that match or exceed industry standards to attract and keep talented people on board. This will show them that you value their commitment and hard work.
D- Encourage employees, acknowledge what each employee is doing well and recognize their achievements, big or small. Provide support when needed by offering feedback on how they can continue to improve or highlighting areas of development they should work on.
E- involve top performers in decision-making processes to keep them engaged with the company’s direction and provide value. Allow them to take ownership of projects to feel empowered and appreciated for their contribution.
F- Offer leadership opportunities
In Conclusion, Encourage employees to take on additional responsibilities or mentor new team members so that they feel empowered and appreciated for their efforts. You’ll show them they are seen and valued by giving them a chance to lead, making them more likely to stay with the company.
By implementing these strategies, you can create an environment where top performers feel appreciated and valued. Showing your employees that their hard work is acknowledged will inspire them to continue striving for excellence and ensure they remain loyal to the company. With a little effort, you can foster a culture of trust, respect and appreciation in which everyone feels seen and heard, resulting in greater productivity across the board. Investing time into developing relationships with individual team members shows that you are invested in their success as well as yours; it’s worth putting the extra effort into retaining top talent so that your business continues to grow.