As experienced executive recruiters in Sacramento, CA, Pacific ExecSearch knows turnover happens at every company – and some is even healthy. However, losing a top executive can seriously undermine your organization’s productivity and profitability – which is why it’s so vital to retain leaders. What can you do to keep them on board and on track? Here are some tips to consider:

Be Clear About Goals.

Not only should your management team know and understand expectations and goals, but they should also be aware of how their success will be measured. Everyone needs to be on the same page in terms of what must be accomplished, how it should be done, and the resources available to make it happen.

Provide Advancement Opportunities.

Those who perceive room for advancement and growth at their companies are far less likely to leave. These opportunities motivate them to continuously strive to achieve more. However, when there’s no room for growth or promotion, top professionals are going to move on.

Offer Training & Development.

Even top performers want to continually learn and grow their skill set. When you provide opportunities for training and development, it makes a statement that your company sees value in investing in its people. That will, in turn, increase loyalty to your company, as well as expand the skill sets and the knowledge base of your top leaders. A true win-win for both parties.

Give Compensation for Great Performance.

There are so many stories in the news lately of ineffective executives receiving “golden parachutes” or undeserved bonuses. But considering your executives are responsible for how the company performs, they should be rewarded…if they meet or exceed expectations. Offering performance bonuses not only recognizes those who have delivered great results, but also motivates continued performance.

Offer Support.

It doesn’t make sense for executives to have to handle administrative tasks on top of their management responsibilities. They need to focus on other priority jobs. So makes sure they have the proper administrative support in place so they don’t have to worry about routine tasks and can instead focus on leading their team to success.

Learn From Mistakes

If you do have a top executive resign, make sure you conduct an exit interview before they leave. Find out where you missed the mark in terms of retaining them so you don’t make the same mistake going forward.

Do you need more help finding top executive talent for your team? Call Pacific ExecSearch. Our team of experienced executive recruiters in Sacramento, CA has the knowledge and proven processes to help you attract, evaluate and ultimately hire top leaders for your senior level openings. Call us today to learn more.