Trevor Patching - Employee Retention Part #2: What's the Solution?

If a recession or any other external factor forced you to shrink your company by 30, 40%, or even half, who are the employees you should retain to keep the lights on? This week, on the second episode of this three-part series on employee retention with Trevor Patching, we talk about the best ways to solve retention issues and put in place a plan sticky enough to make employees decide to stay with you. Listen to episode 33 of On Life With Helen to learn about the questions you must ask yourself before figuring out a plan to keep your mission-critical employees around. Trevor goes through the key elements you should have in mind before creating a plan, which employees you should aim for, and how to turn their rewards more attractive. He also shares real-world examples of how some companies deal with their retention issues, explains how additional bonuses for retirement work, and much more. In This Episode, You Will Learn: Why should you focus on your mission-critical employees? (2:49) How to deal with employees that are more valuable than others (5:55) Bring the time horizon of the benefits closer (8:52) When is the right time to start funding your future obligations? (13:01) What is a Supplemental Executive Retirement Plan (SERP), and how it works (16:33) Connect with Trevor: LinkedIn Let's Connect! Email LinkedIn Website - Ornellas Insurance Facebook Page - Ornellas & associates insurance services Facebook Profile Helen Ornellas Lanham