3 Essential Secrets to Retaining Your Best Employees


You cant do it all alone. In order to succeed, its essential to build exactly the kind of staff you want. But building your staff doesnt end at the hiring process. Youve got to be able to foresee the challenges ahead. And when it comes to creating an amazing team, you can count on the fact that employee retention will be a challenge. Everyone wants to hire the best. How can you ensure that youll retain your most valuable employees amid all the changes occurring within and outside of your organization?

All that trouble that your company put into searching and interviewing and hiring the best candidate for the position, all the resources spent on training that person and acclimating them to your business culture it all goes right out the window if they leave. Money goes right out of your pocket and into your competitors coffers the moment that employee decides that his or her value will be better appreciated somewhere else.

The good news is that you can retain valuable employees with the right combination of thoughtful communication and collaboration. You cant cut corners on this piece of the puzzle without the risk of losing the best talent and brains of your organization to your competitors.

And I can tell you this: most organizations are totally doing it wrong. Theyre hemorrhaging their top talent. Heres why and heres how you can avoid doing it.

1. You get the behaviors you reward.

Your organization is probably rewarding plenty of counterproductive behaviors in your employees without even realizing it. Does your company reward loyalty and the creation and sharing of truly new knowledge? Or does it reward knowledge hording and an every-man-for-himself attitude and routinely make a big deal about achievements that arent truly meaningful advances in wisdom, but instead just puffed-up chances to showboat?

If you want employees who innovate vigorously and who stay with you for the long haul, you need to reward their hard-won wisdom by teaching them to see the importance of their contribution to building a shared knowledge base. As Ive said before: You get the behavior you reward, so you have to put in place a rewards system for sharing knowledge which is, after all, your most crucial asset. Keep at the top of your mind that there are many significant ways to reward people, and not all of them involve compensation.

2. Its not just the money, its the purpose.

Its common to think that the fattest salaries will do the best job of retaining talented employees. Thats just not so. Money is important, but humans dont live on bread alone.

Your top employees need a sense of being validated, seen, and recognized for their work. They also need to feel vividly that their efforts are making an impact in your organization. How do you let your employees see and feel and experience the positive effects of their work? In a world where many of us work in intangibles like ideas and information, its absolutely key to provide people with the feedback letting them know that theyve made a difference.

In order to really reward your employees, you need to not only pay them competitive salaries, you need to also align them with your sense of purpose and show them tangible signs that their efforts help to drive that purpose forward.

3. Relate to your employees from your Futureview to theirs.

Most organizations make the mistake of relating to their employees on the basis of the short-sighted demands of the present moment and from past habits. This is a fast way to nip innovation in the bud among even the most talented and committed staff members.

In order to succeed, you need to communicate and collaborate with your staff from your Futureview.

I coined the term Futureview over thirty years ago to refer to the vivid mental picture we each hold of our future existence. This is not the same thing as a goal, plan, ambition, or aspiration. Your Futureview is not what you hope for or are trying to create it is the picture you actually hold, for better or for worse, of what you expect and believe about your future.

Most people are not fully aware of what their Futureview is. You have one everyone has a Futureview but often without realizing it or examining what it looks like. Being unaware of it does not mean it doesnt control you; it most certainly does.

You have to become aware of your own Futureview because it puts a tremendously powerful strategic tool in your hands. It hands you the control of your own future. Your Futureview determines which actions youll take in the present, and which youll avoid taking. Different Futureviews create different realities.

Therefore, as an executive, are you managing the Futureview of your employees, regardless of current economic conditions? There are people working in your company right now who are already online or on the phone looking for another job. Why? Because of their Futureview as it pertains to working for your company. There are also people who are planning on staying. Why? Because the Futureview of working for your company factors into their Futureview.

To have the best chance of retaining your most essential employees, you need to get clear on what your own Futureview is, and communicate and collaborate with your staff to make sure theirs aligns with yours. With the proper application of these principles, you and your staff can look forward to a productive and rewarding future together.

2015 Burrus Research, Inc. All Rights Reserved.

###

DANIEL BURRUS is considered one of the worlds leading technology forecasters and innovation experts, and is the founder and CEO of Burrus Research, a research and consulting firm that monitors global advancements in technology driven trends to help clients understand how technological, social and business forces are converging to create enormous untapped opportunities. He is the author of six books including The New York Times best seller Flash Foresight.




More News

Meetups this week with: Abu Dhabi Self-Improvement Meetup Members, Abu Dhabi Indoor Basketball Christian Fellowship Meetup Members, Toastmasters, and others
The Reality about B2B Lead Generation
Purchase Your Tickets AmCham Abu Dhabi 8th Annual Excellence Awards and 18th Annual Charity Gala, Friday, January 26, 2018
Register now for the Middle Easts largest concrete and heavy construction show
SEO in 2018: What to Expect
EDEX 2018 Launched in Egypt
Navigating the Cloud as a Dubai Startup - Report Produced by Dtec, IBM and Thomson Reuters
Visit EGYPS 2018 to connect with the worlds leading oil and gas organisations
AIM Startup MENA Roadshow and Pitch Competitions 2017
Video Will Be More Important Than Ever
Annual Investment Meeting
Parsons Sponsors American Chamber of Commerce Abu Dhabi Women in Business Committee to Support Professional Development Platforms for Women
Join us in Celebrating AmCham Abu Dhabi 8th Annual Excellence Awards and 18th Annual Charity Gala, Friday, January 26, 2018
10 things you should know about VAT in the UAE
UAE VAT Implementation
The Qatari Ministry of Economy and Commerce unveils FIFA-related business opportunities
4 Steps to Boosting SEO with Long-Tail Keywords
Establish yourself in Growing e-Learning Education Market
Book now and save BIG for Georgia trip 4 days from AED1499
Dtec Learning Course: Raising Capital in a Competitive Environment
Lebanon International Oil & Gas Summit
Dont miss out on the Marketing Kingdom in Bahrain
Make eye-catching online ads
The future of solar is here
Hello to Important, Goodbye to Background Noises
The Top 3 SEO Ranking Factors in 2017
Call for Papers open for the World Heavy Oil Congress 2018
Supported Event: GetGlobal Forum, Tuesday, November 28, 2017
ADIPEC Visitor Show Planner
Marketing Automation Tools that Boost Profits
The Excellence in Construction Summit brochure
Visit ADIPEC on Monday 13 November and connect with the worlds leading oil & gas organisations
Keynote announcement: John Lewis Partnership, CIO, Paul Coby
Discover and create opportunities for your business in the East Mediterranean at ADIPEC Offshore and Marine
Training Insight; November 2017
Its time to network with the experts in solar
Only 7 Days Left to Register! AmCham Abu Dhabi ADIPEC Kick-Off Breakfast, Monday, November 13, 2017
Top 5 reasons why you should visit The Big 5 in Dubai this year
2nd Annual GCC HVAC Summit
Want to learn about ISO 45001 changes
Last Chance to Register - Cultural 101 Workshop with Nasif Kayed October 25th
Supported Event: International Franchise Exhibition, October 25-26, 2017
Supported Event: International Franchise Exhibition, October 25-26, 2017
BIG AUTUMN SALE: 25percent off all in-house courses
Training Insight; October 2017
Raise the steaks at J&G Steakhouse, The St. Regis Dubai
AmCham Abu Dhabi and American Business Council in Dubai Conduct Successful 2017 Advocacy Trade Mission in Washington, D.C.
Join key decision-makers from NOCs and IOCs at the ADIPEC 2017 Golf Day
IPH and Brammer combine to create a European leader in industrial distribution
Direct leasing by landlord at Capital Plaza Complex (Sofitel Hotel Corniche)
Safeguard your premises from Flood and Water Damage
Discover America Month at Jumeirah at Etihad Towers, October 4-21, 2017
$1.36bn project announced in Saudi Arabia
Personalised Bath Towels / Iceland Water Park: Adult (AED 119) or Child (AED 79) / Pool and Gym Access / AED 60 Toward Indian Food
Gulf Star Karate - Free Trial Classes at our Club Locations
The essential September highlights of Gastech Insights
2017 Fit-Out and Interiors Report
Product Updates, Offers and More l Al-Bahar Newsletter Issue 5
3 Ways Web Scaping Can Save Your Business
Why Savvy eCommerce Companies Need to Leverage Experiential Marketing
Register online and join 100,000+ trade professionals from 135 countries
Reminder Tonight! Welcome Back Strictly Social at Cho Gao Marina Walk, September 27, 2017
100s of franchise opportunities waiting for you Register your free visit today
AmCham Update: AmCham Abu Dhabi Appoints New Board Members
Conduct business, face-to-face
Is your business at risk of Legionella
Invitation to Participate @ City Vision Expo 2017
What Google Posts Are and How to Use Them - Sitepro News
The Leisure Show opens tomorrow at 10am!
Cityscape: MAG launches $1bn project in Dubai
Innovative Tools for Driving Increased Sales
UAE Exchange Wins Two Awards at Banker Middle East Industry Awards 2017
The Manghat Brothers Journey to the Top
Advanced Integrated Services on board as Platinum Sponsor for FM EXPO
Meet the Regions Top Pharmaceutical Manufacturing Experts in Dubai
Register for The Leisure Show today and receive free access to the leadership forum
Have you booked your Big 5 media campaign
Gala EVENT Specialists 2017
CUPETs major oil and gas conference goes ahead
The 5 Stages of Content Marketing: From Honeymoon to Happily Ever After
Limited seats available for Middle East BIM Summit 2017
The Big 5 Outdoor Design & Build Show
Save the Dates: Upcoming AmCham Abu Dhabi Events, September - December 2017
Expo 2020 Dubai legacy plan details emerge
Are you using the right hashtags
VISIT ADIPEC 2017, THE WORLDS MOST INFLUENTIAL MEETING POINT FOR OIL & GAS PROFESSIONALS
An Awesome Social Media Dashboard
Social Media Content Management Made Easy
Joint Event Invitation: Saudi Arabia and Vision 2030 - Practical Opportunities for Businesses in the GCC
5 Marketing Tips From 5 Major Brands
Gastech welcomes energy giant JERA to LNG conference
Harris Corporation Joins AmCham Abu Dhabi WOMEN ACHIEVE Initiative
Sharjah Chamber Acknowledges The Approval Of Implementing Its Strategy For The Next Five Years
Federation Of GCC Chambers Discusses Private Sector Challenges
ADIPEC: Investment in the oil and gas sector to rise in 2017
Record-breaking participation at The Big 5 2016
GCCs largest facilities management market earns a brace of dedicated exhibitions as FM EXPO Saudi and Saudi Clean Expo launch
The BIG 5 awards most innovative, green construction product in the Middle East
13,000 CONSTRUCTION PROFESSIONALS GATHER AT THE BIG 5 2016 ON ITS OPENING DAY
Deco-Concrete Day at Middle East Concrete 2016 attracts thousands of construction professionals
Thousands of visitors arrive in Dubai for four days of networking and product sourcing at the much-anticipated Middle East Concrete and PMV Live 2016
H.H. SHEIKH HAMDAN BIN RASHID AL MAKTOUM OPENS THE BIG 5 2016
The competition ramps up at the Action Zone at Middle East Concrete & PMV Live 2016
73,000 CONSTRUCTION PROFESSIONALS FROM 140 COUNTRIES GATHER IN DUBAI FOR THE BIG 5 2016
Over 50 free-to-attend and compelling seminars, forums and workshops scheduled at Middle East Concrete and PMV Live 2016
BIG INDUSTRY NAMES TO SHOWCASE ENGINEERING EXCELLENCE AND INNOVATIONS AT MIDDLE EAST CONCRETE AND PMV LIVE 2016
LOW EMISSIONS TARGETS AND NEW CLEANER TECHNOLOGY ARE PRIORITY FOR GCC INFRASTRUCTURE COMPANIES
Interview with DNV GL: The fastest growing markets for gas in Europe
ADIPEC Day 2 & 3 Highlights - 2016
THE BIG 5: BUDGET FOR THE EXPO 2020 DUBAI SITE TO EXCEED USD 8 BILLION
DUBAI METRO EXTENSION PLAN PROVIDES MASSIVE OPPORTUNITY FOR INFRASTRUCTURE SECTOR
$80 BILLION WORTH OF CONSTRUCTION PROJECTS BOOST SAUDI ARABIAS HVACR MARKET
BUOYANT OUTLOOK AS REGIONAL GOVERNMENTS TARGET US$100 BILLION SPENDING SPREE ON INFRATRUCTURE PROJECTS
ADIPEC 2016 Day 1 Highlights
ExxonMobil launches Mobil Serv Lubricant Analysis in Middle East oil and gas sector
FOUR exciting experiences not to be missed at ADIPEC 2016 this week!
GULF MARINE SERVICES SHOWBOATS ITS LATEST BARGE AT ADIPEC
Standardised solutions a game changer in the Middle Easts energy sector
World Oil and Gas Leaders to Convene in UAE Capital for ADIPEC 2016
REASSURANCE IS KEY TO A SUSTAINABLE CONCRETE FUTURE
Top 5 Reasons Why Send Your Children to Nurseries
IN DUBAI 71,000 NEW HOTEL ROOMS IN THE PIPELINE
Oil & Gas Industry Must Take a Coordinated and Streamlined Approach to Security, urge Experts
LSI Keywords Improve Your SEO With Latent Semantic Indexing
The Best Homepage Content Is Which Coverts Searchers Into Visitors, And Visitors Into Customers
Indications that say your business is in the need of an ERP System
B2B: Analytical Assessment of its Advantageous Side
Where in Lead Generation helpful to Grow your Online Business
A wide variety of in-kind and cash prizes from sponsors. Sharjah Ramadan Festival
The chamber participates in the Cairo International industrial Fair to promote the domestic private sector
Brainstorming session to develop the Sharjah economic Excellence Award
Sharjah chamber organizes a workshop for its board on strategic planning
Own Gulfs No.1 Online Marketing Franchise
3 Essential Secrets to Retaining Your Best Employees
Private sector supports unified GCC expat hiring policy
What Your SEO Focus Should be in 2015
Collaboration between the Sharjah chamber and University of Khorfakkan branch
SCCI organizes Lets protect our hearts
4th India-Arab Partnership Conference
Penguin 3.0 Update and SLN Strategy
The 6 Most Common Online Marketing Mistakes Small Business Owners Make
Is It Still Worth It to Claim Google Authorship
Six traits of successful innovators and how you know if you have them
Dubai cruises to attract 1mn by 2020
What is Google Authorship and Author Rank
How to Make Money by Blogging on LinkedIn
Survey: Email Is 40 Times More Effective Than Facebook and Twitter
Joint Workshop on The Role of Arbitration in Disputes Settlement
Sharjah Chamber reviews areas of cooperation with Algerian Consulate
Bob Parsons 16 Rules for Success in Business and Life in General
Made in UAE 2013
SEO Basics: 8 Tips for Better Google Rankings (The Wizard Of Oz Version)
6 Easy Ways To Use Twitter For Your Business (And Get Some Love Too)
How I Hire: Focus On Personality by Richard Branson, Founder at Virgin Group
5 Unusual Ways To Change Your Negative Mindset (For Entrepreneurs)
Press Releases and Google What PR Professionals need to know to promote without Penality
Why Do Small Businesses Fail
Selling Online in 2013 The Number 1 Sales Strategy (Infographic)
Content is the answer to effective B2B marketing efforts.
5 Things That Really Smart People Do
Click and get Latest Enquiries
8 Things Remarkably Successful People Do
Join SIO365 Business Network
How Does Google Show My Profile Picture In Search Engine Results Pages
Portal launched in Dubai for NRI community
Google has finally released the long awaited Maps application for iOS
Utilizing Social Media Networks in Small Business to Increase Success (Infographic)
Common Google AdWords Mistakes and How to Avoid Them
The Secrets of Viral Videos
Made in Sharjah Conference, Gala Award Dinner & Exhibition- Exhibition Details
Email Marketing Workshop LIVE in Dubai
Are You Constantly Patching Your Local Online Marketing Bucket Holes