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CFL Financial location Level 9, 360 Queen Street Brisbane, QLD 4000
fax CFL Financial 07 3328 8999
phone CFL Financial 07 3328 8988
Email CFL Financial mail@cflfinancial.com.au

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Retire in style checklist™

There are a few reasons why Business Owners need a Retire In Style Checklist

If you’re a successful and Motivated business owner, and want to set yourself up for retirement, this guide would be perfect for you. My clients who follow these 3 simple steps live with comfort, security and the peace of mind that financial success brings.

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The Retirement Prosperity Guide™

Make sure you don’t miss out on the Retirement Prosperity Guide

If you’re a busy Professional and you feel like you’re not building your wealth fast enough and you want smarter ways to utilise your cash flow, this guide is perfect for you. Clients who have used our strategies have the peace-of-mind knowing they have a ‘game plan’ for financial abundance.

Boosting employee retention

Posted on Oct 5, 2017 by CFL Financial

Even though employee turnover is an inevitable part of running a small business, the costs of recruiting and training new staff can be hefty.

The benefits of retaining your most valued workers far exceed the reduced turnover costs. Higher retention levels can lead to a more knowledgeable workforce, better employee morale and improved levels of customer satisfaction.

Here are some ways to help keep your employees around for the long haul:

Develop a hiring strategy
Staff retention begins the second you start recruiting applicants. When assessing candidates, pay attention to how long someone has stayed in previous positions and look for someone who is interested in growing with your business. Ensure your business offers employees career advancement such as greater remuneration and responsibility to attract top talent.

Foster the right culture
Attracting quality applicants begins with creating an environment and culture that attract those employees. Your business’s culture should reflect the type of employee you would like to hire and whether your work environment is casual or a little more strict. Good cultural fit can lead to higher job satisfaction and engagement which will help to drive long-term growth.

Give recognition
Employee recognition lets staff know their hard work is valued and acknowledged. Employees who feel appreciated are more likely to be productive, motivated and stay with your business. Find different ways to give credit for the work of high-performing staff either through meetings, emails or in person.

Ensure open communication
Conducting regular one-on-one meetings with employees provides a secure environment in which employees can voice any problems. Cultivating an ‘open-door’ policy can provide employees with assurance that they can discuss concerns at any time. Regular meetings allow for continual feedback on an employee’s performance and the chance to discuss potential opportunities.

Offer benefits
Your business can attract quality employees by rewarding workers with benefits such as the ability to work from home, flexible working arrangements and performance bonuses. Consider offering more competitive pay as many employees often leave due to higher salaries and appealing packages. The replacement costs of hiring new staff can be greater than increasing an existing staff member’s salary by 10 to 20 per cent.

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Retirement-in style

Retire in style checklist™

There are a few reasons why Business Owners need a Retire In Style Checklist

If you’re a successful and Motivated business owner, and want to set yourself up for retirement, this guide would be perfect for you. My clients who follow these 3 simple steps live with comfort, security and the peace of mind that financial success brings.

Retirement-prosperity-thumbnail

The Retirement Prosperity Guide™

Make sure you don’t miss out on the Retirement Prosperity Guide

If you’re a busy Professional and you feel like you’re not building your wealth fast enough and you want smarter ways to utilise your cash flow, this guide is perfect for you. Clients who have used our strategies have the peace-of-mind knowing they have a ‘game plan’ for financial abundance.

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Email:
Phone: 07 3328 8988
Fax: 07 3328 8999

Office Location:
Level 9, 360 Queen Street
Brisbane
QLD 4000

Postal Address:
GPO Box 2468,
Brisbane,
QLD, 4001

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