Money doesn’t retain employees in the long-term: 6 key factors

Money doesn’t make employees happy in the long-term: 6 key factors to retain your employees and grow your business and decrease your staff turnover

A successful healthy company can be recognized by its employee turnover rate. Too often overlooked, a high turnover provokes unhealthy patterns for your company affecting results. This brings issues internally between departments and causes difficulty in providing the right service and communication with your clients. On average in Mainland China, the turnover rate is over 30% making it harder to build a stable image both internally and externally

Companies facing a high turnover rate should reconsider their approach and understand that the human factor is key to their success. There are ways to improve conditions at work, approach and communication.”

Creating a positive environment in a firm will reflect directly on the results, image and well-being of your staff. Each company is different and is facing different challenges.

Firstly, there are 6 key factors to remember:

• Establish and communicate a clear long-term goal and vision with short-term goals
• Trust and empower your managers in their decisions
• Put the right person in the right place
• Provide the right training and evolution support – don’t forget the advantage of individual skills
• Establish a reward system to acknowledge the success and effort of your team
• Provide direct access to the top management

Achieving the above takes time, changes cannot be pushed too strongly and need to be encouraged by management. Empowering the team to be part of the change is crucial.

Please remember that to keep employees it is key to develop and reward them. They need to feel valued and recognised for their achievement. It is a two-way approach.

Ceicia supports and guides companies toward continuous improvement. Helping corporations to understand their dysfunctions, retain their staff and improve their wellbeing. The lack of harmony within a company can break it. Some will maintain themselves for a long period of time without realizing they could do so much better only by looking at those key points. What is missing? How can I improve?

Without forgetting the return on investment, Ceicia wishes to bring harmony into the ecosystem of companies to improve the employee-managers approach, companies’ revenue and most importantly people’s happiness.

DO YOU WISH TO INCREASE YOUR COMPANY’S EFFICIENCY BY KEEPING YOUR TALENT AND CUSTOMERS DELIGHTED?

Contact us for a first approach, Ceicia offers different possibilities to start your journey toward continuous improvement, retain your staff and see results.

Bring passion, success and harmony to your company. A new way of cooperation and harmonization for global awareness to improve people’s happiness & and the company’s results.

Stay tuned. Ceicia publishes one article per month, related to different subjects.

Ceicia’s founder