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Communication + Respect = Retention
From Customers To Employees, Longer Relationships Are More Profitable
No one wants to look for a new job. It’s a ton of work, and often there’s nothing to show for it. Finding new employees or customers isn’t any easier, plus it’s going to cost you time and money to get them up to speed. This is why retention is so important.
What does it take to keep employees happy and invested, though?
Some of our most successful clients have seen tremendous results from a few basic principles. Here are the most important elements of employee retention.
Communication Improves Retention
Effective communication is key. Regular meetings to discuss team goals and progress can greatly enhance a sense of inclusion and purpose within the company.
“Keeping everyone informed about our wins and challenges helps build trust,” says Mark Sherwin, Co-Founder and President of LeadsNearby. “Employees feel more engaged when they know what they’re working toward and that their contributions matter.”
Chase Cottam, General Manager of Hobaica Services, adds, “These conversations can be uncomfortable, but they ultimately benefit both the employee and the company. It gives us a chance to address any issues early so employees have the opportunity to grow and succeed.”
Clear communication with your customers is also a massive factor in your success.
Retention Requires Respect
Respect is crucial in any relationship.
“At LeadsNearby, we believe in recognizing hard work,” Mark explains. “This recognition doesn’t just come from leadership; we’ve found that peer acknowledgment is incredibly powerful too. It creates a supportive environment where everyone feels valued.”
Chase echoes this, sharing that public recognition and respect build a strong foundation for team culture. “Our employees know that we appreciate their efforts, and that’s a huge motivator,” he says. “When people feel respected and understood, they’re much more likely to stay.”
Another way to show respect is to lead by example. Mark believes that being willing to step into any role when needed is essential. “Employees appreciate when they see you’re not asking them to do anything you wouldn’t do yourself,” he notes.
Without respect, you won’t retain anyone.
Additional Factors In Retention
Several other factors can help attract and retain top talent:
- Competitive pay is critical. Mark emphasizes, “It’s about building a business where everyone shares in the success. Paying well ensures that employees feel valued and secure.”
- Empowering employees through control and accountability reinforces trust and responsibility. “We don’t micromanage our people,” Chase says. “Our employees have the autonomy to make decisions, which builds a real sense of ownership and pride in their work.”
Retention Increases Trust (& Profits)
Hobaica Services points out that people don’t do business with their company – people do business with the employees who have been coming to their house for years. “The same tech’s seen your kids grow up. They’ve been there on your best and worst days,” Chase says. “That builds an incredible level of trust.”
A relationship that spans years helps you provide an unmatched level of service.
Mark agrees, “When customers have seen consistent, reliable service, they come to trust your team implicitly. They know your recommendations are genuine and based on what’s best for them in the long run.”
Chase adds, “When you have a long-standing relationship, you can have those honest conversations with clients about their needs without them second-guessing you. They know you’re looking out for their best interests.”
If you’ve gotten this far, call 919-758-8420 today! Let’s talk about your marketing strategy. Just maybe we’ll begin a long relationship of our own.
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