Retain Your Best Employees
Contractor Evolution • 42m
How do you build loyalty in high performers? It’s not pizza night, go-karting, or laser tag.
Another myth is that you need to pay them more.
While those things help, they aren’t keeping ambitious, driven, and hardworking people on your team.
By nature, the best performers are those that have built-in self-improvement loops. They have an inner drive to learn and grow. That’s exactly what makes them great.
So you need to make it VERY clear to them that you have a business and an environment that supports their goals and their desire to move up in the world.
This is the entire purpose of the Career Development Meeting. You take the time to explore where your best players are aspiring to go, and then it’s your job to try to line that up with the direction your business is going.
These meetings done properly take time and effort but they pay you back in dividends, especially when you consider the cost of losing your best players to the competition or their own ambitions.
Contact BTA:
https://pca.so/btapcace
Up Next in Contractor Evolution
-
Tax Strategy For Contractors
When it comes to taxes you’re going to have to pay them whether you want to or not. However, spending the time up front to establish a solid tax strategy could save you up to 40% AND lead to a much bigger investment portfolio long term. It’s key to know your strategy BEFORE you even start your fi...
-
Developing Organizational Focus
Have you ever been frustrated by the fact that your team JUST DOESN’T GET IT?
It’s so clear to you what needs to happen within your organization - what problems need to be solved, what priorities should be front of mind, where the effort of your organization needs to be, but most if not all of t...
-
Core Areas of a Lucrative Business
Here’s a common scenario: Two contractors have worked equally hard over 20 years in their businesses.
At the end of the 20 years, one sells off their assets for $200K, while the other sells their business for $10M.
What’s the difference?
Planning.
If you want to build a business of tremendou...
