Entrepreneur

How to Make Your Best Employees Stay at Your Company

Finding good talent is hard. Making them stick around when the competition comes calling can be even tougher.
Source: Federico Gastaldi
Federico Gastaldi

Q: My entry-level employees keep getting poached. We’re on a tight budget -- is the only way to retain talent by paying higher salaries?  -- Jessica M., Philadelphia

we feel your pain. We had a similar situation at one of our previous companies, where we kept losing employees after only five or six months. The time and money involved in and  -- not to mention the effect the constant turnover had on our business and clients -- made us take a hard look at our practices to understand what we could do better to build a long-lasting team. 

You’re reading a preview, subscribe to read more.

More from Entrepreneur

Entrepreneur3 min read
Making the Midlife Leap
Sometimes, building the life you want requires a big risk. That’s what Keri Gardner realized when she cashed in $100,000 of her retirement savings to buy a franchise. It was November 2020, and she had just been laid off from her executive role at a h
Entrepreneur5 min readCorporate Finance
How to Build the Next Huge Thing
Want to start, fund, and sell a major company? Spencer Rascoff has some advice on that—because he’s seen it from all sides. As a founder, he first cofounded the travel-booking site Hotwire, which he sold to Expedia. He then cofounded Zillow, which he
Entrepreneur2 min read
The Loss That Changed My Company
When I was 17, I founded a company to save police officers’ lives. We distribute and manufacture body armor and other protective equipment. And yet, I will admit: For the first eight years, this work felt abstract—like watching war unfold on the nigh

Related Books & Audiobooks