Good Morning,
Retaining your star players is key to success.  There are several ways that you can reward them so that they stay with you, and remain happy in their work.  Here’s a list:

  • Money – this is the one we think of first, but it’s not the only one by any means.
  • Recognition – of a job well done.  Praise them privately and in public.  Give them awards.
  • Personal Growth – This includes conferences, external coaching, funded education opportunities and book allowances.
  • Status – Think titles, nicer offices and good parking spots.
  • Autonomy – Let them make their own decisions (if they’re not already).
  • Access – Let your stars have a taste of the inner circle. Invite them to part of a management retreat.  Ask them for their opinion on big decisions.
  • Personal Attention – I’ve interviewed several high-level stars over the past few months that are leaving because they feel ignored by top management.

Right now, someone is plotting to steal your stars.  Maybe it’s a customer, a supplier, a competitor, someone they know socially, or someone they met at a trade show.  What’s your plan to hold them when they are tempted with a better offer?

Have a great week!
Trevor

 

 

“When I became the sole owner of my company, I felt overwhelmed with the stress of feeling that everything depended on me. Trevor helped me focus on some key principles that have made a huge difference; concentrating on finding A-players in every key seat in the business, getting them aligned around the same goals, using some simple accountability tools, and having solid communication rhythms. Once that was accomplished, I was able to focus on what I loved doing, what I’m best at and what gives me energy - sales and relationship building. Since putting these principles in place – specifically the people issues first and foremost - the business has done better than ever before, the team is functioning really well, and I have my life back.”


Jon Brandt

Summit Brooke Construsction