Small businesses are sometimes looked down upon as small opportunity. That could not be further from the truth. Let’s begin by defining “small business”. An employer classified as a small business employs less than 500 workers. The small business I am referring to would employ less than 50 people. These small businesses (for the most part) rely on the people they employ. Most that I know or have talked to believe that if you treat your workforce well, they will produce well.
These are simple principles that are played out every day. Employee retention is incredibly important for a small employer. Small employers do not generally have comprehensive training programs; they rely on the people they hire. Taking a new recruit from the ground up is a costly endeavor, and most small employers do not have that luxury. This means employee retention is the paramount goal.
Why would you hire from the outside when you can promote from within? The answer….. $$$$$$. Longtime employees get paid long time salaries and benefits. These add up over the years, but refer back to the first principle. Treat them well, and they will produce!
When looking to join a team with a new employer, look around. Don’t be afraid to ask questions. Are the employees happy? Do they appear Happy? Would you want to work there, or do you need to work there? And most importantly; could you picture yourself working there in 1, 2, 10 years?
Depending on the career path you have chosen, these questions are too vast to consider here. But they do deserve some thought; you might not find out how important they are until it is too late.