How To Retain Talents When You Can’t Give Them A Raise

The only way to keep employees in a company by recognizing their needs and responding to them.

This is “Before-The-Fact-Recognition” and creates sustainable motivation that will last even through a financial crisis – as opposed to “After-The-Fact-Recognition” which consists mainly of rewards (for achievements) and only gives short boosts of motivation (as long as the rewards keep coming).

If you give people a chance to grow, to be involved, if you make them feel valuable by giving them a chance to make a difference (to the company, their colleagues, your clients, etc.), if you ask them for their opinion, so they feel respected and important and if you openly communicate your concerns and that you do recognize their needs – then you’re creating a relationship (a psychological and emotional bond) with your employees that they won’t break just because someone offers them more money.

This Is the Simple Key To Employee Engagement

Everything should be made as simple as possible, but no simpler. [Albert Einstein] Employer Engagement and Line Manager Engagement lead to Employee Engagement. It’s a perfect example for a 200% relationship, where each party always gives 100% to support the other party – regardless if the other party is able to reciprocate at the same [...]

Are your managers ready for the upturn?

Many organizations miss the chance to develop their staff during times of economical downturn due to lack of budget and lack of time. However only the best managers will be able to retain your high potential talents, once companies start hiring again. Considering both your time and money, Yellow Umbrella has developed a recession proof [...]

Recognition does not require a budget

Scene from “What Women Want” In an earlier scene: NICK rushing through the lobby and straight into Erin who nearly drops her armful of boxes. ERIN’s thoughts: Oh, god! He nearly killed me. Too bad he missed. Recognition is one of our human needs http://www.ruralhealth.utas.edu.au/comm-lead/images/Maslows-needs-Pyramid.jpg While we can “survive” without it, we might not function [...]