why is it important to always retain your experienced staff members?

[Shayo]

Retaining customers is very important to the growth of a business especially experienced ones, but people can stay forever, they will have to move on at a point in time. Promotion works in retaining experienced employees.

 

[Tariq Shehzad]

The most ideal approach to deal with circumstances like this is to get the accomplished laborers to prepare the youthful ones around to recreate themselves since you can't prevent individuals from leaving on the off chance that they choose to leave.

 

[tuna89]

The experienced staff members should be made to stay by motivating them via increase in salaries, welfare and other benefits but otherwise is the case here in some companies in my Country, some companies even lay off the experienced and best workers at intervals, the experienced workers should be retained and more people trained because they tend to have perfect management habits as regards running the organization to success.

 

[Sheyemanu]

My take on this is that It is not only important to retain your experience staff members but it is extremely important because they already know all the in and out of what they are doing, because this is what they have been doing for years and loosing such a staff could draw the company backward. The importance of experience in the workplace cannot be over emphasized

 

[Wolext]

Experienced they say is the best teacher .There I nothing to compare experience staff to in a company . They are proactive , they project what may happen and control the productivity and qualitative in the company so that the company will move on as expected
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Experienced they say is the best teacher .There I nothing to compare experience staff to in a company . They are proactive , they project what may happen and control the productivity and qualitative in the company so that the company will move on as expected

 

[Draysongz]

It's very important because that employee isn't a newbie he/she knows the in and out of the business.it will save you time to work with experienced people as you won't have to be teaching and guiding them since they already have the technical know how

 

[miztersam]

It is very important to always try n retain a worker that is productive to the company through bonuses and constant increments ,if one allow a productive employee to leave tbe business it will take time before the new employee gets to fit in infact may like not fit in

 

[EVA34]

When your employee retention rates are low, your managers have to spend an awful amount of time training and retraining employees. Who will have the time to focus on the bigger picture?
Offer more perks, more money, and more benefits. Let your employees work where they want, when they want.

 

[Donkiz]

Retaining an experienced staff is very important for the growth of the company. The staff helps in integrating new staff into the company and also serve as their teacher and mentor. A better remuneration package, good working environment and recognition is among the things required to retain such staff.

 

[Asad Masood]

Retention of experienced staff always used to make a man perfect in its job. They shared the week points and their solutions in no costs instead he Will to do more hardwork to permote it's business.

 

[Mawome]

Our people says that experience is better than teacher, employing an experience teacher is good way of boasting your business, cos they will be up and doing, and they will maintain the confidence reposed in them making sure you business is in good shape, handling customers well.

 

[Adexgrace]

It Is always good to retain experienced staff, because their effort on business do Speak and help the growth of the business.
But its always good to have those who will Replace them incase they finally leave.

 

[maventiger]

By not retaining your most important staff you have given access to your competition to gain them. And when that staff moves over to your competition, most of your customers move with them.

@Milz loosing an experienced employee to a competitor is what most top companies always want to avoid. Especially when the staff has been with the company for years. Th company who gained such an experienced staff benefit in terms of strategies to beat competitions. Think about it, why do top companies table irresistible offer to staffs with long term experience in the industry?

 

[Kingsley]

You just said your experienced staff, who doesnt want the best?, everybody wants to have the best, the reasons are not far fetched. You want your company to grow and you want to maintain the level of growth your company has.

 

[Akinwale701]

Whenever an experienced staff member resign from your company, the contribution of such an experienced staff member always have an adverse effect on output. Finding a replacement that will perfectly fit in is possible, but substantial contribution to output will take time.

What is the best method used by companies to retain staff members?

Honestly, this may sound strange but it is nothing but slavery of the highest order. Every employee must always be ready to move further and not allow any employer to retain him or her, it is nothing but an act of slavery. Having your own business will do you no harm.

 

[maventiger]

Honestly, this may sound strange but it is nothing but slavery of the highest order. Every employee must always be ready to move further and not allow any employer to retain him or her, it is nothing but an act of slavery. Having your own business will do you no harm.

@Akinwale701 are you of the opinion that every individual have the potential to become a business owner? I would like to hear from you as regards to your comment above. More clarity on your views will go a long way in shaping my response.

 

[Frank]

You're very much right on this, this is why it is extremely important for them to give you a notice few months before they would eventually be leaving, in order for you to find a replacement for their position and then plead with him or her to teach the new employee all he would be needing to know or do, if possible the new employee should stay close to the outgoing employee at all time and monitoring all he or she does.

It is important that most of the key staff give some months notice before they start thinking of leaving the company. It is also important for the employer to treat the staff well so that they will feel the need to keep their side of the agreement.

 

[Judee201]

For a startup enterprise, it is very much difficult to gain the services of a top notch talent, and retaining such. The bigger companies like zinox, NBC, PWC e.t.c with experience, have what it takes to convince a top talent employee simply because of the perks and rewards they provide. The startup firm can also better motivate the employees in their service by doing the little they can and not go overboard or try to be at competition with bigger and established firms.

 

[Heatman]

Whenever an experienced staff member resign from your company, the contribution of such an experienced staff member always have an adverse effect on output. Finding a replacement that will perfectly fit in is possible, but substantial contribution to output will take time.

What is the best method used by companies to retain staff members?

Eventually all staff would get to leave the job sooner or later. It may be after he's retired or before retirement, so the company should always prepare for the outcome. Before the staff retires, the company can only use increasing his or her salary to keep the staff to not resign.

 

[Akinwale701]

@Akinwale701 are you of the opinion that every individual have the potential to become a business owner? I would like to hear from you as regards to your comment above. More clarity on your views will go a long way in shaping my response.

I would not be forced to say that every individual has the potential to be a business owner. In the context of Accounting and Management, managers are born and they can also be made, but anyone can choose to become a business owner provided they are ready to face the challenges that come with it.