The Bureau of Labour Statistics estimates that on average, 27% of workers change jobs every year to seek higher salaries or better business cultures. Therefore, business managers are tasked with inspiring staff to contribute their best towards the realization of organizational goals. However, one of the most challenging aspects of being a business leader is how to balance your leadership mindset and your own responsibilities. Managing employees can be tricky, especially if you are a budding entrepreneur. Fortunately, it is possible, and here are three simple strategies to get the most out of your employees.

Have a transparent business culture

A business environment where employees are kept in the dark is not the healthiest and may eventually bring what is at the top crashing down. Therefore, managers need to be transparent with their employees to build trust amongst the team. When you cultivate honesty among your team, you encourage employees to give out their best to the business. It also builds trust among team members and makes all stakeholders feel valued. Organizational commitment levels thereby increase, and the company can progress.

Express appreciation to workers

Since one good turn deserves another, you may want to ensure that you give proper recognition (appreciation) to your employees’ hard work. Monitor the performance of your workers and be vocal if you notice appreciable improvements. Employees are usually too busy working on their various tasks and may not have the time to congratulate one another. As a CEO or founder, see it as your core responsibility to give due credits to staff when they achieve milestones. For instance, since the Christmas season is fast approaching, looking for company Christmas gifts is a good idea if you want to motivate your workers to do more for the business. Small rewards can make a big difference in the happiness of your employees.

Invest in your employees' development

One Gallup study noted that about 87% of workers in this new generation value professional career growth. Shockingly, 74% of employees feel that their work environments do not help them realize their full potential. Add extra value to the skill set of your employees to maximize productivity. Investing in the career development of your workers does not have to cost you a lot of money; it can take the form of training, workshops, and establishing effective communication channels. According to Matt Ross of RIZKNOWS, the best way to get the most out of employees is to empower them to take charge of their projects. You will notice an increase in your staff’s satisfaction and commitment levels as the investment signifies that you care for their personal growth and not only about meeting your business objectives.

The bottom line is that customers and employees are central to the success of any business organization. Yearly, companies lose about 11 billion US dollars due to turnover because they are neglecting current talents and focusing on recruiting new ones. With the simple strategies mentioned here, you will make the most out of your employees at little to no cost.