We are looking for Retention Tools, preferably no cost or little cost to company, that will help us keep our valuable employees from jumping ship...keep them happy and motivated.

Are you looking to add voluntary benefits, club memberships, flex time, casual days -- or just anything in general that employees might like? What do you offer now so suggestions could be made on what to do different?

Anything in general would be helpful. Currently, Friday's are casual days and we close the office at 4 p.m.

Good management probably would be the most immediately appreciated and effective -- providing employees with the tools they need, encouraging their judgment and development, showing and telling them that their work is appreciated and valuable to the business, asking for their involvement and advice on matters that will affect them.

(My two cents!)

Susan,
Lot's of good advice above...depending on what you now offer highly appreciated voluntary or employer subsidized benefits include: dental, STD and vision; of course in todays low unemployment environment some medical and life benefits are almost a must for skilled workers.

quote:

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Originally posted by Susan Lauretti:
We are looking for Retention Tools, preferably no cost or little cost to company, that will help us keep our valuable employees from jumping ship...keep them happy and motivated.

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jlcowden

Just an idea, you could start a deferred comp plan. You could make it 100% tax deductible to the company to mitigate the cost somewhat and throw in a 5-10 yr vesting to keep employees.

Some quick employee retention ideas are tuition reimbursement, employee of the month awards, executive or professional coaching, health club memberships, company picnics, pizza parties, mentoring.


One of the more successful strategies I've seen involves leadership training essentially breaking the workforce down into action committees to give them greater input into decision making while increasing group cohesiveness.

More articles re fringe benefit ideas are here:

http://www.benefitslink.com/index/fringebe...ral/index.shtml

A Section 125 Plan which would permit the employees to pre-tax their health insurance premiums, day care costs,and out-of-pocket medical expenses depending on which options are offered. These deducaitons are done before state, federal and FICA taxes for the employees and the employer saves the matching FICA, so it is usually a plan which pays for itself with employer tax savings.

To keep good employees will cost the company. It cannot be avoided.
1. Keep supplies full. Don't run out.
2. Keep technology up to date.
3. Continuing education certificates, memberships in professional societies, conventions, seminars.
4. Working conditions - appropriate management, make the employees happy they work for YOU.

When all else fails, try cash.

You might also review this thread: http://209.207.198.244/showthread.php?threadid=1805
[Edited by pax on 09-04-2000 at 09:21 AM]