Tuesday, September 04, 2007

Employee Loyalty: It's all about Emotional Intelligence

You know your employees' points of pain and you know what makes them happy ... begins this article by a true visionary. "If you use this information to meet the special needs of your employees," Ty Freyvogel says, "and even surprise them with a few extra perks, you will be able to build strong relationships with them -- and they, in turn, will be willing to go the extra mile for you."

What's the #1 thing employees want? All studies say "acknowledgement and appreciation."

This article "Operation Employee Loyalty: 12 Ways Small Business Owners Can Ensure Their Best Employees Never Want to Leave" is so full of emotional intelligence.

Here are a few of Freyvogel's gems:

Every entrepreneur knows the hectic lifestyle that comes along with starting and running a company. (Heck, most of us live for the craziness!) But have you ever considered how this work schedule affects your employees?

If too many such days come and go without any acknowledgement from you, you can bet they’ll be handing out their resumes all over town. And since your employees make or break your business, you must keep your best ones around.

Small business owners may feel that they are at a disadvantage compared to CEOs of large corporations precisely because of the lack of deep pockets. Nothing is further from the truth. Because they work so closely with their employees, rather than being separated by layers of bureaucracy, it is easy for them to get to know their employees well.

Provide them with much-deserved time off.

Another option is to set up a compressed work week for your staff so that they get time off at the end of the week.

Give them bonuses at critical times. Presumably, you work closely with your employees and know a lot about their lives outside of the work. Act on this knowledge in ways that benefit them exactly when they need it most. If one of your employees has a new baby or a sick spouse or child, a bonus will help ease the financial burden during these times. She will appreciate your concern for her and her family’s well being.

Constantly recognize a job well done. Everyone likes to be told they've done a good job on something.

Read the full article here: Operation Employee Loyalty: Twelve Ways Small Business Owners Can Ensure Their Best Employees Never Want To Leave CustomerThink

Learn more about emotional intelligence with The EQ Course.

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