How to: Excel at Employee Retention, Part II

This is Part II of an article which will help a business owner with one of the most important aspects of their business. This is exactly the type of question we help answer at FranNet of Midamerica.

How to: Excel at Employee Retention, Part II


You’ve hired the best employees and now you have to find a way to keep them. Employee turnover costs your small business time and productivity. Here is part two of a list of ways to keep your employees. 

• Keep the lines open. Employees should have a regular chance to offer ideas and ask questions. An open-door policy encourages employees to be open with managers without fear of negative consequences. 
• Managers should get involved. Have them coach employees, help top performers move to new positions and correct poor performance. 
• Show them the money. Financial rewards such as stock options for employees who meet performance goals, meaningful annual raises or bonuses when employees meet specific performance goals are ways to retain employees...

Read the Entire Story HERE

Excelling at Employee Retention

When you go into business for yourself, employee retention is a huge issue. Here is Part 1 of a blog entry from FranNet on the subject:

Small Business Tips: How to Excel at Employee Retention, Part I

You’ve hired the best employees and now you have to find a way to keep them. Employee turnover costs your small business time and productivity. Here is part one of a list of ways to keep your employees.

• Set expectations. Employees often wear many hats of responsibility. They need to know exactly what their jobs are and what you expect from them. Don’t ask people to perform for a moving target. 
  
• Promote from within. If it’s possible, promote from your stable of talent and give employees a clear path for further advancement. If they can’t see a future with your company, employees become disengaged and frustrated...

Read entire story HERE: Small Business Tips: Excel at Employee Retention

Owning a franchise can help you control your destiny

Every week, the numbers coming in from the Bureau of Labor Statistics are dismal. We hope for the best, but the worst keeps appearing.

The U.S. workforce is at the mercy of their employers.

There is a way, however, that one can take control of their own destiny, and that is to go into business for themselves. And, the easiest way to do that is through a franchise.

Why not start a business that already has the plan for success mapped out for you?

This Wednesday, September 8, we invite you to an informative webinar that should answer all of your questions about franchise ownership. Once you sit through this 90 minute online seminar, you will know if going into business for yourself is the right thing to do.

What: Career Alternatives in Franchise Ownership webinar
Cost: Free
When: 9/8/10, 2pm-3:30pm
Register: Visit the Website, or call 800-372-6638 or email webinar@frannet.com