Tired of high employee turnover? Do THIS to improve retention. | News & Trends - Best Webhosting
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Watch WebHosting GoDaddy Video: Tired of high employee turnover? Do THIS to improve retention. | News & Trends.
Louis Mosca explains why your employees are leaving your company and what you can do about it to keep your business growing. View more News & Trends videos: https://bit.ly/biznewsandtrends
Subscribe to GoDaddy on YouTube: http://bit.ly/GoDaddy-Subscribe
0:00 Who is Louis Mosca?
0:17 The importance of a flexible work environment
0:36 Should you listen to all employee feedback?
0:48 Alternative ways to keep employees happy without money
1:05 What’s the time commitment to creating a good work environment
1:27 How to hold employees accountable
2:34 How to prevent high turnover rates for employees
If you’re not listening to what matters to your employees, Executive VP and COO of American Management Services Louis Mosca says you're ultimately going to lose them. In order for ownership to win, employees also have to win. And when they don’t have a great workplace environment with your company, they’ll walk out and find another company who does. This is why Louis emphasizes the importance of creating a solid work environment that will not only improve your employee retention, but also impact your business success in the long run. From flexible work schedules to educational opportunities and recognition for good work, employees want to be heard and cared for in order to stick around. While maintaining a good work environment can be challenging and time consuming, the rewards can be tenfold. Keeping your employees accountable with incentives and timeframes will also help move the needle for your business growth. That’s why it’s crucial to have a flexible and encouraging workplace environment that allows employees to thrive, grow and mature for the long-term.
References:
Since the 1970s, the rate of new businesses forming has dropped by nearly 50%.
https://www.forbes.com/sites/rhettbuttle/2021/07/13/what-president-bidens-executive-order-on-competition-means-for-small-businesses/?sh=6139a2d05986
The executive order is intended to lower consumer prices, increase wages and promote economic growth. https://www.forbes.com/sites/rhettbuttle/2021/07/13/what-president-bidens-executive-order-on-competition-means-for-small-businesses/?sh=6139a2d05986
87% of small business owners believe it’s important to lower healthcare and prescription drug costs. https://www.forbes.com/sites/rhettbuttle/2021/07/13/what-president-bidens-executive-order-on-competition-means-for-small-businesses/?sh=6139a2d05986
Startups and established companies risk big tech companies replicating technological innovation that’s not fully protected by patents. https://hbr.org/2020/02/a-survival-guide-for-startups-in-the-era-of-tech-giants
Learn more about American Management Services:
https://www.amserv.com
https://www.twitter.com/AmServBiz
https://www.facebook.com/amservbiz
Learn more about GoDaddy:
https://www.godaddy.com
https://www.youtube.com/user/godaddy
https://www.instagram.com/godaddy
https://www.facebook.com/godaddy
https://www.twitter.com/godaddy
The information contained in this video is provided for informational purposes only and should not be construed as an endorsement or advice from GoDaddy on any subject matter.
#EmployeeRetention #GoDaddy #SmallBusinessNewsandTrends #EmployeeTurnover #WorkEnvironment
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