6 Ways to Give Your Real Estate Employees a Reason to Stay

Written by Posted On Tuesday, 30 October 2018 11:18

 

“That’s the third employee to put in their two week notice in the last couple of weeks. What are we doing wrong? Is there something we can do to keep our workers from quitting?”

 

The first thing you should ask yourself if this is happening at your workplace is this: “Do my employees feel respected and valued?” Employees often leave even high paying jobs because they don’t feel that management cares about them, that their ideas are being ignored, and that their careers aren’t going anywhere.

 

Here are six things employers can do to help their employees overcome these negative feelings and know they are respected and valued.

1. Have actual conversations with them.

With the conveniences of the digital age, so much communication is taking place via emails and texts and voicemails that employers don’t get to know their employees, and employees don’t get to actually communicate with their employers. This is a huge problem in many workplaces. When possible, have everyday conversations with your employees so they know you “see” them and that they aren’t as invisible as they may sometimes feel.

2. Share information with them.

Undervalued employees complain that they are always out of the loop; they don’t really feel like team players anymore. They wish their employers would share more information with them, hold meetings where they are included, and take the time to listen to their concerns. Collaboration gives employees a chance to feel like their ideas and contributions matter. When collaboration is common in the workplace, keeping employees becomes a little easier.

3. Actually listen to their concerns and be ready to act.

Many employees feel like they aren’t really being heard. When employees feel ignored, their job satisfaction and performance goes down.  To show they are truly listening, employers should set up suggestion boxes where workers can share immediate concerns or problems they see going on in the workplace. There should be a regular cut-off date for when the suggestions need to be shared (weekly, biweekly, monthly, etc.), and problems should be addressed immediately to show employees their bosses are listening.

4. Give opportunities for them to review your leadership and be willing to improve.

Employers can also step up and prove they really care through holding biannual performance reviews where not only the employee is reviewed, but where the employer is reviewed as well. As a caveat, with these bi-directional meetings, employers need to be willing to act on suggestions as to how they can better lead, just as employees must step up and make their own changes in order to succeed.

5. Offer rewards and recognition.

Employees feel respected and valued when employers offer an employee reward and recognition system for contributions and achievements. Rewards include monetary incentives such as bonuses and tuition benefits that motivate workers to reach further and work harder than they normally would; and non-monetary incentives such as advanced training or more flexible work schedules that also encourage excellence.

 

When employees are recognized for their accomplishments and rewarded for their value to a company, productivity and morale increases. It’s a win-win situation for both employees and employers. Recognition can be as simple as offering a thank you for their contributions to a project or presenting an award to them for overall productivity. The important thing is to show respect and help employees feel valued. Keeping employees who feel valued and respected is much easier than keeping employees when they feel unimportant and unnoticed.

6. Offer opportunities to advance.

No hope for future advancement is one reason employees leave their respective companies. When employers don’t recognize the unique strengths and qualities of their employees and give them opportunities to reach their potentials and receive promotions, they send a message to employees that they aren’t worth investing in; however, when employers work with employees to set career goals and come up with actionable ways to achieve them, the employees feel respected and valued.

 

If you’re having trouble keeping employees, you need to take a step back and assess your actions as an employer. If you’re not having actual conversations with your employees, sharing information with them, listening to their concerns and working to make changes, trying to improve your ability to lead, offering employees rewards and recognition, and offering them opportunities to advance, then you’re not giving them the respect they deserve, nor are you showing them they are valued. Do these six things--make these changes--and watch your employee satisfaction rise.

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Carol Evenson

Carol is a home renovation specialist with a background in organization and sales. She assists realtors with business management and growth.

https://twitter.com/cmill_com

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