{"id":468,"date":"2012-01-24T10:47:02","date_gmt":"2012-01-24T18:47:02","guid":{"rendered":"http:\/\/recruitloop.com.au\/blog\/?p=468"},"modified":"2023-05-15T11:24:09","modified_gmt":"2023-05-15T18:24:09","slug":"its-time-to-think-of-your-staff-as-your-competitive-advantage","status":"publish","type":"post","link":"https:\/\/www.zippia.com\/employer\/its-time-to-think-of-your-staff-as-your-competitive-advantage\/","title":{"rendered":"It’s time to think of your staff as your competitive advantage"},"content":{"rendered":"

In today\u2019s employment market it is crucial for business owners and managers to engender a work environment where the staff actually want<\/em> to stay.<\/p>\n

Staff attrition can be irritating, costly and have a negative impact on morale in any work environment. As companies grow and teams expand, people will<\/em> leave \u2013 it\u2019s a fact of life \u2013 and they will leave for many reasons. Some will simply be wanting more money \u2013 and that is a relatively \u201ceasy\u201d fix; someone else may feel they have outgrown your environment or what you have to offer them and be seeking a totally new direction; while others may feel disenfranchised as a result of a lack of recognition, appreciation, or empowerment<\/em>.<\/p>\n

Whatever the reason, it is the role of the manager to prevent people leaving for the wrong<\/em> reasons, and more importantly to prevent the wrong<\/em> people from leaving.<\/p>\n

As a manager, you<\/em> may be seeing progress in a certain individual\u2019s career. However are they<\/em> seeing progress in their<\/em> own career? And more importantly, are you letting them know that you are seeing progress in their career?<\/p>\n

There will usually be a gap between an individual staff member\u2019s motivations and means of self-assessment and the organisation\u2019s or management\u2019s expectations and means of assessing staff performance. The manager has the task of bridging such a gap and balancing the goals of the individuals alongside the needs of the business.<\/p>\n

Consider your staff to be an investment \u2013 not<\/em> a cost, and ensure that they remain your competitive advantage.<\/p>\n

Acknowledging your staff and giving them regular feedback will ensure that you maintain their levels of motivation and ambition, and will help you create a sense of achievement that will make them want<\/em> to stay.<\/p>\n

Top performers, high achievers and other key personnel need to be retained.<\/p>\n

Bonus schemes don\u2019t necessarily prevent staff from leaving, as your competitors will always find a way to entice your key players if they have made a mark for themselves in the industry. It is important to find a balance between reward<\/em> and recognition<\/em> when it comes to creating a positive work environment and retaining staff.<\/p>\n

Reward<\/em> will almost certainly be financial<\/em>, while recognition<\/em> will affect someone on a far more emotional and personal level, and if taken out of context, reward<\/em> can mistakenly be viewed as a quick fix, while recognition<\/em> will leave a more positive and longer lasting impression in the mind of an individual.<\/p>\n

So whilst you may be in a position to cover an individual staff member\u2019s mobile phone bill every month, to provide your team with lunch on a \u201ccasual\u201d Friday, or an individual with a car spot in the building, these morale boosters<\/em> may in fact do nothing for your team member\u2019s motivation<\/em> if you are not helping them achieve their personal goals by keeping them challenged and inspiring them for what realistically<\/em> lies ahead.<\/p>\n","protected":false},"excerpt":{"rendered":"

In today\u2019s employment market it is crucial for business owners and managers to engender a work environment where the staff actually want to stay. Staff attrition can be irritating, costly and have a negative impact on morale in any work environment. As companies grow and teams expand, people will leave \u2013 it\u2019s a fact of […]<\/p>\n","protected":false},"author":3,"featured_media":469,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[23],"tags":[],"yoast_head":"\nIt's time to think of your staff as your competitive advantage<\/title>\n<meta name=\"description\" content=\"It is the role of the manager to prevent people leaving an organisation for the wrong reasons, and more importantly to prevent the wrong people from leaving.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zippia.com\/employer\/its-time-to-think-of-your-staff-as-your-competitive-advantage\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"It's time to think of your staff as 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