According to the latest SHRM survey, overall, employees are reporting that they are much more content in their current jobs. “86 percent of U.S. employees reported overall satisfaction with their job in 2014” – an improvement of five percentage points over the year before.”
Although they are generally happier in their jobs, a recent Salary.com survey reported 83% of the 1,200 employees surveyed are scanning the marketplace for new employment opportunities.
The obvious question is, what are you doing to keep your top players? After all, you have far more control over your employment rolls than many of you realize, starting with the least expensive and most effective employee retention tool in your toolbox: appreciation.
In general, dentists, like many employers, tend to think about thanking and recognizing their employees around the holidays. The gifts, the parties, the bonuses are doled out. Everyone celebrates and then the doctor withdraws to the treatment rooms and the employees resume their respective positions around the office. Keep the momentum of good cheer and goodwill going throughout the year and it will pay huge dividends in retaining quality staff.
Summer is an excellent time to rev up your rewards program. If you don’t have one, this is the perfect opportunity to establish it. Keep in mind, a well-constructed rewards program has specific criteria and objectives.
Ultimately, the program should be designed to work for the good of the practice and to help move the practice and the team toward established goals. Be sure to ask for input from the team and involve them in designing the program. You want to know what motivates them to excel. If they are instrumental in creating the program, they will appreciate the recognition all the more. Additionally, it’s important to establish a budget. This encourages creativity and underscores the fact that recognition need not be synonymous with bonuses or high-dollar gifts
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