Protect company value by ensuring retention of your key people
As an owner or CEO of a business, ask yourself this question – are we taking the right, proactive steps with our team to ensure we retain our key people?
Too often in today’s labor environment, employers are finding themselves playing defense and feeling the pain of good people leaving and then scrambling to try and find a solid replacement. Now is the time to go on the offense and ensure you are building a culture that will be the place your key employees want to remain with.
What are the great questions you should be asking yourself now that will help you go on the offense? To facilitate a healthy dialog with your leadership team, here is a template to use today. (click here for Employee Retention - Great Questions Every Leader Should Ask)
Building the value, or net worth, of your business takes time and getting good people around you. When the day comes that you might want to attract a third party to acquire your company, you’ll want to present a solid team that they will see value in making a part of their organization. This doesn’t happen by chance, it takes good planning and attracting and retaining the right talent. Use time as a friend and ensure you’re on the right path today in building your organization to support a euphoric future exit event.
