Reducing Employee Turnover After You Incorporate
Employee turnover is an issue that many incorporated businesses and unincorporated sole proprietorships and partnerships must manage. Although some employee turnover is to be expected, if you have experienced high rates of turnover during certain points of operation, you are likely anxious to minimize this disruptive occurrence and retain quality employees long-term. To accomplish this, both before and after you incorporate, we recommend:
- Offering opportunities for growth — Most employees do not want to remain in their position forever and begin looking for other opportunities once they feel it is time to expand their skills. Instead of allowing your valued employees to seek work elsewhere, you should help them find opportunities for growth and employment success within your organization.
- Favouring candidates who identify with your company culture — If you incorporate because your business is expanding and you begin to look for new employees to join your company, it is best to narrow down candidates to those who not only possess certain qualifications, but those who exemplify certain personality traits that align with your business’ culture and goals.
- Praising good work — Taking the time to congratulate employees on their successes can encourage desirable work habits and help your employees develop positive feelings about your operations. However, this does not mean that constructive criticism should not be offered at times when the quality of work is lacking or productivity is suffering.
Articles on this blog are general in nature and are provided for informational purposes only. Use of this blog does not provide or replace individualized legal advice and does not create a solicitor-client relationship with our firm. Users who require legal advice on a particular matter should consult directly with Mr. Eric Cohen, Barrister & Solicitor, an Ontario lawyer or a competent lawyer in their Province or State.