Want to retain valuable employees?

Written by Reed Tinsley | August 27, 2010

 

1.    Studies show rewards such as recognition and feedback are as important as pay, benefits, and status.

2.    Recognition ideas may include gift cards, a team lunch, and a posting on a “wall of fame.”

3.    Creating rewards for the entire staff when they reach a shared goal creates unity and community.

4.    To encourage staff independence, give them tools and resources they need; then stop micromanaging.

5.    Attaching salaries to positions rather than to individuals ensures fairness.

About the Author

Reed Tinsley CPA

This article is written by Reed Tinsley, a Houston, TX-based CPA with over 30 years of experience advising physicians and medical practices across Texas and the United States. Reed holds certifications as a Certified Valuation Analyst (CVA), Certified Healthcare Business Consultant (CHBC), and Certified Financial Planner (CFP), specializing exclusively in the healthcare sector. He is a published author, nationally recognized speaker, and trusted advisor to physicians on accounting & tax, practice management, and financial planning. Schedule a Free Consultation.

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