3 Proven Ways To Increase Your Team Retention (& Profitability)

Keeping team members can be tricky when you don’t know the strategies. Pick up a few here in this video.

Video Transcription

Sunshine: Do your team members stick around?

Crystal: Welcome, For the Love of Business. I’m Crystal.

Sunshine: And I’m Sunshine. Let’s get to it.

Wow. Getting your team members to stick around. I’ve been hearing a lot of people calling in, saying that they need help hiring. And nobody wants to work.

Crystal: Yup. You know, it’s an employee market right now.

Sunshine: Wow. So, how do you, you know, entice them to stick around and do a good job? I mean, like just even going to work every single day but getting them to come in– your employees come in and then on top of it, do a good job. I mean, how– Come on Coach Crystal, tell us what to do?

Crystal: Well, first before we go into the strategies let’s back up a little bit. Because losing team members is very costly. Not only money wise but time wise.

Sunshine: Because you have to retrain a new person.

Crystal: Yes. And when you are retraining that new person, remember they are not fully trained so their productivity is going to be lower, so profits will be lower.

Sunshine: And the team has to get used to a new person?

Crystal: Yes. To fit into the culture and get to know other team members as well.

Sunshine: All right. So, that was a lot. So, please tell us how can we get team members to stick around longer?

Crystal: Proven ways to increase your team retention, number one, be friendly with your employees but not friends. Hold that boundary, okay? Number two, small surprises go a long way. For example, I would bring, you know, fudge pops to my team members on a hot day. And they were so appreciative. And felt taken care of. Number three, listen to your team and appreciate them.

Sunshine: So, showing your team members that you care about them goes a long way?

Crystal: Yes, it does. Because remember people don’t stay solely based on money. They stay based on how they feel about the rest of the team and their boss.

Sunshine: What’s your number one takeaway from today’s video? Leave us a comment. And thanks for watching.

Run Right Business Consulting offers all of our prospective clients a complimentary business coaching session, so that you can actually experience what it is like to be coached, have all of your questions answered, and make an educated decision as to whether coaching is a good investment for you. Find out what we can do for you

Published by

Crystal Shanks

Crystal Shanks, Certified Business Coach and CEO of Run Right Business Consulting, has been coaching business owners and executives around the world to achieve optimum results since 2009. Coach Crystal teaches her clients proven strategies to build thriving businesses and careers. She has worked with thousands of businesses and executives to generate substantial revenues and maximize profits.