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

[idhans]

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?

So many companies practice this method of retaining their best employees even when they are doing massive retrenchment of workers. The advantage of retaining your best employee is that you will spend less for training and retraining of workers.

 

[Kennysplash]

Experienced staff members add quality to a company. You might not realise that untill they leave their position. So it is important to find ways and keep them for long time. It is better than hiring newbies every now and then.

 

[Aniwhyte]

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.

You're absolutely right, if eventually the employee isn't treating his or staff well it would be nearly impossible for such employee to let you know that he would be retiring soon or even give you a week notice. In such a situation he would just drop his resignation letter and alert you that he is retiring tomorrow which would be a shock to you.

 

[Edward2]

Retaining a happy and motivated employee is very important for the performance of the company because they raise productivity, workers who appreciate what they do and are more likely to stay working in their organization over a longer period of time in the environment in which they operate.

 

[Adeyoola7]

Recognize Your Employees’ Hard Work
Everybody likes to be appreciated and thanked for their hard work. Recognizing your employees for a job well done is an important part of helping to ensure continued employee engagement. Your top talent is no different.

 

[Olahab]

Employee retention matters. Failing to retain a key employee is costly to the bottom line and creates organizational issues such as insecure coworkers, excess job duties that coworkers must absorb, time invested in recruiting, hiring, and training a new employee.

 

[Abu4exel]

I love this post. Why it's important to retain your experience staff members? Let me quickly site an incident that happen where I worked before. A man has a son and the son was schooling abroad and he has this accountant who has been working for him for long period of years and this accountant contributed to most contracts the company was getting. After the owner of the company son finished with his studies abroad he decided to come back home and handled his father's company and he was eyeing the accountant position. At long run, him and his father conive together and sacked the accountant so that he can sit on that position. After the sack, the son mount the position of the accountant and started steering his father's company in his own way, before you know it, the company went on bankruptcy and totally fold up. So, it's very important at times to keep your experience staffs.

 

[Georgeadawara1]

Ro retain and experience staff is one of the things that will bust your company. People say experience is the best teacher keep or retain and experience staff can help the new coming staff to learn more from them and show them the necessary need for the company. And they can handle the afferance of the company more than any one.

 

[adazeez1995]

Every company should always value old staff and hold them in esteem. This is because they have contributed to the structure and growth of the business. They have been there with you when the going was thought. So, they will always have the experience and confidence to tackle whatever challenges the company might face in the long run and come up with possible solutions.

 

[Gilead]

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?

Well I will always advise against allowing an experience staff leave your company. When you look football business,the year Ronaldo left laliga, there was huge loss of profits to both the league and the club. They're finding it hard to replace him and they're about to do the same mistake with Messi. Or what do you think @Yan

 

[Heatman]

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.

Once in a man's life, he needs to grow up and man up. This kind of attitude shift is needed and very necessary for the man to find his drive and push on it in order to be able to fulfill his dreams and aspirations. Working for another man will never get you to the point of satisfaction in the future.

 

[Samuel77]

According to my own point of view I believe every company house to retain their experience staff in order for the company to move forward and for the betterment of the company. In order for you to retain your experience stuff you need to always give them their salary complete and also other allowances

 

[Akinwale701]

Once in a man's life, he needs to grow up and man up. This kind of attitude shift is needed and very necessary for the man to find his drive and push on it in order to be able to fulfill his dreams and aspirations. Working for another man will never get you to the point of satisfaction in the future.

Well, you are right but some people also tend to stay longer than normal under their bosses that as time goes on they become incapacitated enough to be able to establish their own business. I know it is normal to first work undeunder someone

 

[Sad56]

Not only in business we retain our expert or experienced staff but in sports league Like Cricket or Football leagues they also retain best and experienced players.
In business we retain because they know how to face problems, how to create profit how to sort out things etc

 

[Diamond07]

Your experienced staff members contribute to the success of your business. It is important to keep them around as they have already understood the principles of your business. Employing new ones and taking them through training might be exhausting

 

[Shahzad Ahmad]

This is best way to become a successful in business to retain your experienced staff. Because they have well known Your business rule and ragulations and now when you work complete because they have experienced in it. New members required much time to understand all tasks because they have time to full training and cooperate with manger.

 

[Succjay]

No worker is there to spend eternity in your organization. So if you know you have experienced workers, you create room for staff training so that the experienced staffs can teach the non or little experienced ones.

 

[afolabitope]

It is important to retain our valuable and experienced staffs because they are in to that business for soo long and has more experienced about the business. they knew in and out of that business. they know what to do in time to promote the company.

 

[Sparrow001]

You can't buy experience that's a fact... So in other to retain your experience staff increase in the wages plays an important role.... Other means is promotion... Make the person fell wanted but not too much in other to avoid abuse of power or the person might be feeling that without him or her you can't cope

 

[Ebuka Stephen]

Well this is kinda hard finding a replacement for them cause of their high working experience and how they made an impact in your company, well to solve that kind of situation you just need to get them to train staffs that will take their place