WHY PROMOTING YOUR EMPLOYEES TO PARTNERS IN YOUR BUSINESS IS GREAT WAY TO ENSURE RETENTION

Retaining key employees can be a struggle, particularly when they are talented and experienced. Research from the Australian Human Resources Institute Pulse Survey on Turnover and Retention reported that in 2016 employee turnover was as high as 16%, which had increased by 3% from 2012. With the rise of social media and professional networking sites such as LinkedIn, keeping employees has become harder than ever.

So, what can you do to keep your brightest stars within the company? Start by having a partner program. In my personal experience, I have found that bringing my top performing employees into my business as partners has been a complete game changer for the entire company. I believe this strategy is transferable regardless of industry and will enable other business owners to retain those who are a culture fit and genuinely care about and share in the success of their business.

The reason I created a partnership platform was to keep my top performers goal-focused, advancing professionally, and hungry to stay within my business for the long term  – and, it’s been a great success! Here are my five top tips on how to establish a partner program within your organisation. Read more

Adam Flynn - Dynamic Business - 14 Mar 2018