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Leaders, Here's How to Keep Good Employees

Posted on September 2020

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For example, in the loan sector, you may want to indicate which team wrote the most loans and at what interest rate. The best managers understand that it is human nature to be competitive and so will use this technique to foster both a team spirit and the motivation to reach that coveted first position daily, weekly and even monthly on the visible whiteboard.

Keep up specific and regular communication about what your team has achieved and what your team is working towards, setting clear goals and keeping employees focused on always moving ahead and honing their skills. Don’t just do this through email, build up a rapport with your best employees and keep visual reminders of their goals which can be tracked, such as a whiteboard with illustrated targets.   

Who you are working directly for is a huge element of any role, and brilliant workers want to follow brilliant leaders. The best way to keep your high-performing employees is to show confidence, enthusiasm, passion and motivation. This attitude will inevitably keep employees motivated and dedicated to their role.


Great Workers Follow Confident Leaders

Working with up-to-date technology is particularly important for digital-native millennials, who value technology in terms of speeding up their workflow and increasing their productivity. Software which can provide and analyse data at great speed will help your best employees make decisions faster. 

Employees will do their best work which they can take pride in if they are provided with the best environment in which to thrive. Interests and incentives beyond a salary include projects which are innovative, the opportunity to work with emerging technologies and leading equipment, opportunities for remote working and a strong life-work balance. 

Provide The Right Environment For The Best Work

This also allows for flexibility in roles. Talented employees will enjoy a role which has a variety of tasks and targets to keep them engaged in their role, and quickly adapt to a range of targets. Successful and driven individuals enjoy roles with diversity and regular new challenges, so make sure you build roles around these principles. 

You should also provide an environment which challenges and encourages hard and ambitious work, including setting stretch targets and involving key talent in projects and task forces which require steerage from high-performing staff. 

Increasing competition in the sector means skilled employees will need significant investment in training and development. This should also include leadership development and an understanding of how to transfer a skill set and help lead high-performing teams. 

Highly skilled employees are likely to also be incredibly ambitious, and this should be encouraged to keep your best employees working to their highest standard. 

Encourage Ambition and Development

A people-centric culture means supporting employees in developing the skills and mindset needed for success. This means supporting personal learning and development (especially around emerging technologies), establishing clear and honest communication between leadership and employees, and regularly recognising and rewarding excellent work.

Company culture is vital for retaining employees, and it needs to work beyond providing a few key perks. A strong and attractive culture can also help companies deal with fast and sudden changes, alongside helping employees adapt to those changes.

Build a people-centric culture, and the rewards will come. Great talent will stay with a company who they feel treats them well and listens to their feedback.

Build a Culture Focused on People

Use these leadership and business strategies to help retain your most vital talent and rise above the challenges of a fast-moving sector. 

Attracting and retaining game-changing talent is now a priority for the industry as the sector continues to be disrupted by challenger banks, trading apps and online personal finance services.

A widening global talent gap means that financial services providers can struggle to source skilled talent to fulfil key roles which can drive the future of a company. If banks and financial services, alongside players in other sectors, do not keep up with technological advances, businesses could be at risk. 

In a quickly transforming financial sector, good employees with the skills required to keep up are more precious than ever. The rise of FinTech and big data analysis means there is a significant skills gap, and talented tech specialists and analysts can be worth their weight in gold.