Greater Cheyenne Chamber of Commerce Business Journal Q4 2014 | Page 46

Beyond Raises: How to retain top employees Originally published by Touchpoint Media By: Heather Chaet As companies grow, so do the wants and needs of employees. And with an improving hiring landscape, your star staff members may be looking around to see what other opportunities are out there. How do you keep your top employees from leaving, especially when a raise is beyond your bottom line? We chatted with small business owners to see how they retain their best-performing team members. to keeping top team members. “I offer employees the option to set their own schedule,” says Leanne E. King, President of SeeKing HR, a human resources consulting firm. “We have an employee who recently changed her work schedule so that she could teach a yoga class at a local gym every morning. She comes in every day energized and ready to go. Such a small shift in hours made an enormous impact in her worklife balance.” Make sure your business philosophy is more than words Money can’t buy happiness, nor can it always keep an J.P. Medved, editor-in-chief at Capterra, an online employee in your ranks. What does make a difference? Believing in what the company stands for. “If an employee directory of business software vendors, agrees flexible hours are optimal for retaining employees, believes in the company’s philosophy and really feels and also results in optimal work that he or she helped customers production. “Employees can pretty with their lives, the employee’s job as they please, satisfaction rating goes way up,” ”We think freedoms much come and go is getting done provided their work says Andrew Thompson, CEO and president of PEAK Performance, contribute to an to a high standard,” says Medved. Not only does this make it easier a business development company based in Chicago, Illinois. “When the environment where for people to deal with life outside of work (picking up kids, waiting for opportunity comes, and more money people feel like the cable repairman), it also lets is offered elsewhere, it doesn’t matter. Money is not the issue.” they are treated people work when they work best and allows them to be much more Though it starts when you hire like adults, and productive HY˂