Secrets for Keeping Key Employees
June 4, 2013 12:35 PM
Banks can lose business when highly regarded managers leave. Here are tips for motivating employees to stay put.
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(Image: Thinkstock)
Find the Right Fit
Employers need to make sure that managers have the proper skills and personalities to lead. (Image: Thinkstock)
Set a Path to Success
It is important to outline specific opportunities for high-potential employees. (Image: Thinkstock)
Offer Coaching
Some of the best retention plans include training and mentoring for up-and-coming talent. (Image: Thinkstock)
Have an Incentive System
Structure pay to properly compensate top producers. (Image: Thinkstock)
Delay Pay
Defer some compensation to encourage employees to stick around. (Image: Thinkstock)
Offer Work-Life Balance
Recognize that considerations like family time and geography can serve as important incentives. (Image: Thinkstock)
