The economy’s hot, unemployment is way down, and the war for talent is raging: lots of companies think the answer is putting employees under contracts with non-compete clauses. Wrong. If you’re good to your employees in the best and worst of times, they’ll be loyal; if you care about and nurture their careers in good economies and bad, they’ll stay and progress with you; if you treat them right, they’ll treat you right. Stop and think about what you did in the past 10 years when things got tight - did you lay people off, cut salaries, and talk about them having to do more with less. Or did you talk honestly with them about the difficult times, ask them to stick with you, and invest in their training and security. Now that jobs are plentiful, people can and will leave you for something better: make sure they never think that anything could be better. People willingly give loyalty to those who demonstrate it in kind. Investing in your employees every day is an investment in their loyalty and your company’s future. Treat your people honestly and fairly today.
T. F. Hodge: Former Marine and athlete, currently an author and blogger
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