Episode Notes

Hey everybody, this is Gene Marks and welcome back to this week's weekly, Small Biz Ahead podcast where I offer some advice and tips to help you run your business. This week let's talk about retaining employees. You know the drill, we've heard this story before, but it's so true and worth repeating again, that when you run a small business like mine, if you got 10 employees, five employees, even 20 employees, losing just one employee is a big deal. It could be 10% of your workforce in my case. So, I mean, we all know that finding employees have been a major challenge for small businesses in this tight labor market. But, there are places to go to find employees. That's a whole other topic of conversation and actually another podcast that I did.

But just as importantly and in my opinion, even more important honestly, is the challenge of retaining our workers. I mean, it's not uncommon for small business clients of mine to complain of the difficulties competing against larger companies and even the government when it comes to compensation and benefits. I gotta tell you something, working for a small business has its own unique challenges and you have gotta position yourself to make sure that prospective employees and your current employees know what those challenges are. And many of my clients and business owners that I know, they figured out how to leverage those advantages to keep their employees happy and loyal. So, let me give you like an example, like for example like one big advantage of working at a small business is the trust and the autonomy that an employee can enjoy, right?