Creative Ways To Retain Employees When Raises Aren’t An Option | EMyth

Retaining your employees takes creativity and problem-solving in the best of times. This is even truer for small businesses who may not have the financial position to offer higher pay. When your employees are weighing their options, watching job boards or responding to eager recruiters, the promise of making more money can be enough for them to risk a job change. So how do you retain employees when you don’t have the financial flexibility to keep up with the competition? What could you offer your people that might matter more than money? The first step to answering this question is much more straightforward—and much more important—than you might think. If you want to know what your employees care about,  ask them .