A guide for managers

Employee retention: how to keep your best people

Employee retention means keeping the people you want to keep. Pay matters, but it is rarely the whole story. Most good people leave because of their work and their manager, and both are things a manager can change.

Updated

Why good people leave

  • Too much work for too long, with no end in sight.
  • No growth: the same work, with nothing new to learn.
  • Good work that nobody noticed.
  • A manager who is too busy for them.
  • A close teammate left.

How to keep employees

  • Keep workload fair. Move work away from whoever has the most.
  • Give each person something new to learn this quarter.
  • Thank good work in the same week, and say what it made possible.
  • Hold a one on one meeting with each person, every week or two, and keep it.
  • Ask what they want next, and help them get there, even if it is on another team.

Watch for the early changes

By the time someone resigns, the decision is made. The changes come earlier: they speak up less, stop taking on new work, or get much less of your time than the rest of the team. Each change is small on its own. Put several weeks side by side and the pattern shows.

Ask before they decide

A stay conversation is an exit interview held while the person is still here. Ask these in a one on one:

  • "What keeps you here?"
  • "What would make you think about leaving?"
  • "What would you change about your work if you could?"
  • "What do you want to be doing a year from now?"

What does not work

  • A counter-offer after they resign. The reasons they wanted to leave are still there.
  • A yearly survey on its own. A year is too long to wait to hear about a problem.
  • Perks instead of changes to the work.

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