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

 

 

“Choosing to work with Trevor has been one of the best investments of time and money that we have made at Frontline. From helping us salvage the business from a partnership dispute, to working with us to put the right people in key seats in the business, to introducing us to the concept of a “Small Giant”. Most recently we have been able to get our whole team aligned on a strategy based on a simple one page plan, based on the coaching from Trevor. The results have been outstanding, as the company experienced 52% revenue growth while sustaining a healthy margin and improving our team unity, focus and purpose. Trevor is very trustworthy and relates really well to everyone in the business. For our young leadership team, it is like having an experienced CEO on retainer while we gain the necessary experience to lead a great business.  ”


Justin Mitchell

Frontline Real Estate