How will you retain your top performers?
Imagine on a fresh Monday morning, one of your top performer walks in just to put down his papers. How would you react to it? What thoughts will be running in your mind?
Well, I know! First thought would be, why is he/she leaving? Next would be how will you replace such a star performer? I hope you don’t have to go through this, but if you have to in future; go by the following ways to retain your top employer will work for you.
Here are the best ways to retain your top performers
- Have a good performance management software/system.
Firstly, it is not as simple as offering a top employer more as most of the times, monitory alone will not be the reason for them to leave. It is about how well they are managed or how well they are mismanaged. Therefore, the first best way for low attrition is to have good management. Never forget that managing and retaining top performers is a challenge.
- Assign responsibilities
Top performers love to be challenged. Challenge for them also means taking responsibilities. So make them responsible for the work they do. Involve them in all the important/big decisions made and let them have their say. Allow them to implement their suggestions and experience the results. Make sure you say “Ok” to their say and give them a chance to experiment.
- Give proper feedback
When it is about top performers, you need to be clear and careful with your feedback. You should make sure that you have said your expectations clearly and that they are working in the right direction. Your expectation should finally match with the result they come up with. Praising and rewarding for their success is one of the ways to retain your top performers.
Well, it is not possible to retain your top performers all the time. But as an employer/manager, it is always good to respect and be good to them to avoid them see dis you and your company after they leave.