How Can I Retain Good Employees?

Question: "As a small business owner, how can I retain good employees? What are the most important benefits employees look for in an employer?"

Holding on to talent in your business is always a challenge, especially when unemployment figures are extremely low. Of course, pay, good insurance and a 401k plan are all components of keeping employees happy. However, it has been proven time and again that none of these benefits are the most important benefit in retaining employees. Mary Kay Ash of Mary Kay Cosmetic's fame says it best when she stated, "There are two things people want more than sex and money and that is recognition and praise."

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