8. Offer varied and interesting benefits . Benefits, unlike bonuses, form part of an employee’s compensation package. And as such, represent an opportunity to impact your working environment. Certainly, standard benefits such as medical and dental insurance can be part of the package, but think outside the box as well. For example, perhaps you can negotiate a discount for your employees at a local fitness club or restaurant. One of our clients has even negotiated a discount for his employees at a local golf course.

9. Fire unmotivated people . It’s as important to get the right people on the bus as it is to get the wrong people off the bus. It may sound harsh, but if you have anyone working for you that you would not re-hire given the opportunity, get rid of them as quickly as possible. It’s the right thing to do. If you’re not happy with them, chances are they’re not happy either. This is not to say you shouldn’t give people a chance, but don’t get into the trap of trying to motivate someone who simply can’t be motivated. If an employee is not inspired by a future with your company, free them to find a place that suits them better.

10. Thank your employees for a job well done . For a hard-working, dedicated employee, little is more important than genuine appreciation. Show them that you notice how hard they work and they’ll go to the mat for you each and every time. Never underestimate the value of a “thank you.” If your employees don’t feel appreciated, they’ll leave as soon as someone offers them more money, but if they really love their job, it will take more than a few dollars to lure them away.

Source: cunahrcouncil.org