How to retain your best employees, with Kristie Holmes

Comments? Suggestions? Text the show here! Employee retention lies at the heart of every successful business. It's the lifeline that keeps productivity high and morale even higher, making your team feel valued and appreciated, and motivating them to do their best. Yet, many companies struggle with keeping their best talent. Even businesses that seem great on paper often face high turnover rates. So why is it becoming harder to retain your employees? Why is this a recurring issue? What makes people want to leave? And what can you do to really show you appreciate them in a personal and relevant way?In this episode, Kristie Holmes and I talk about what it takes to retain great talent in small businesses. She shares the basics of employee retention strategies and provides practical tips for businesses aiming to build and maintain strong teams.Kristie is the dynamic force behind The HR Dept. With over 15 years of profound experience in recruiting and Human Resources across a spectrum of industries, she embodies the spirit of innovation and dedication. Her mission to provide tailored HR services ensures that small businesses not only survive but thrive in today's competitive landscape.Download her HR templates to help you get your recruitment process in place:https://thehrdeptky.com/resources/We discuss: (timestamps)02:49 Why a good retention strategy is important04:14 Common issues affecting employee retention07:36  The perceived appreciation gap between managers and employees08:34 Practical ways for managers to show appreciation to employees10:02 The impact of public appreciation on company culture11:07 Monetary and non-monetary methods to appreciate employees16:09 Showing appreciation to remote teams17:37 Effective methods for remote team appreciation21:45 Employee training and development on a tight budget24:04 Implementing an official mentorship program25:29 Rewarding employees who mentor others27:41 Encouraging employee-to-employee appreciation30:19 Examples of successful employee retention strategies36:16 Actionable steps to take to foster appreciation and gratitudeResources:Kristie Holmes, Owner, The HR Dept, LLChttps://thehrdeptky.com/LinkedIn: https://www.linkedin.com/company/the-hr-dept-llc/Instagram: https://www.instagram.com/thehrdeptky/Facebook: https://www.facebook.com/thehrdeptkyKathy Svetina, Fractional CFO:https://www.newcastlefinance.us/Blog post | How to Retain Your Best EmployeesIs your growth causing financial headaches? Sales up, but profits lagging? Financial practices stuck in entry level mode?Don't worry, it's not you—it's your financial setup.Introducing NextGen Finance Blueprint by NewCastle Finance. This CFO-led roadmap: • Brings fuzzy finances into focus • Gives you a clear money picture • Creates a step-by-step action planReady to level up? Visit newcastle.finance/blueprint