How to retain top performers?

We are currently in The Information Age, which gives power to those with Knowledge. Top performers are those with Knowledge through their continuous learning. What you thought was relevant yesterday is obsolete today. So, retaining such top performers suits the employer and their clients. So the question is, how do we retain such top performers? We will be throwing light on this below.

• Give them Respect.

Without respect towards your employees, there will be no love or interest in work. According to Chanakya, noble people (in our case, top performers) crave respect first, before money and other material criteria. Respect shouldn’t be superficial but practical by treating your employees as partners. Treat their ideas with respect though it is against your opinions.

• Have Trust.

Trust is necessary for you to delegate work to your subordinates. If you don’t trust your employees, you must either micro-manage or burden yourself with that job. With trust, both parties will have relief because the top performers do the work with little supervision. Servants are to be tested with little supervision. It is the loyal employees who contribute to the organisation under little supervision.

• Make them Adapt.

Train your new employees to make them adapt to your organisation and start delivering tasks as soon as possible. Top performers are good mentors in doing such knowledge transfer, allowing them to move to the next position. If they don’t adapt, they must stick to their current work alone.

• Treat them like an Asset.

Yes, let every employee in the organisation treat your top performers as an asset to the employer and every employee.

• Don’t hesitate to Correct.

Nobody is born perfect. So, always feel free to correct your top performers in case of mistakes at work in private. Also, remember to praise them openly in public.

• Invest.

Yes, invest in them by encouraging them with ESOPs and other perks to keep them happy. So let your top performers grow along with your organisation.

• Test.

Test your top performers before you promote them because with power comes responsibility. Not all behave the same way after achieving authority. Ensure you trust your top performer in the following position before promotion. This will keep their teams happy.

• Give them Rest.

Ensure your employees get enough rest and maintain a happy work-life balance.

• Let them be the Best.

Encourage employees to be their best at work by creating such an environment.

• Don’t Neglect.

Never neglect the voices raised or suggestions given by your employees. At least correct them if they are wrong by giving proper feedback. Some tips might be excellent, so don’t hesitate to implement them.

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Originally published at https://blog.fallov.com on June 2, 2021.