Nabity on Business

5. How to Make Sure Your Best Employees Want to Stay

• David Nabity

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0:00 | 17:05

If you have built a great business, you probably have even greater people working with you, and competitors might want to steal them right away. It’s what it takes to employ talented folks.

In this episode of Nabity on Business, Dave breaks down four strategies for executive retention that give your A-team real incentives to think twice before jumping ship. Here’s a spoiler: it’s not all about money.

Key takeaways:

  • Salaries are not enough to keep your best managers around
  • Phantom stocks are the golden handcuffs
  • Competitors might have a better plan than you
  • Reward performance is fuel for retaining the best players

Connect with Dave:

At Nabity Business Advisors, we help business owners handle the “big picture” issues so they can stay focused on building for the future. Learn more at Nabity.com.