Retaining Quality Employees

Originally Published MX September/October 2002

TOPSPIN

Retaining Quality Employees

Having quality employees is critical in any situation, but particularly so in times of recovery. There's an old truism that says "you're only as good as the people who work for you." Every company succeeds or fails on the strength of its employees.

But how can a company attract and retain good employees in an environment of uncertainty, fiscal prudence, and fierce competition? It's not an easy task, but at Synovis we found success through a structure designed to support a defined culture.

Create a Value System. Build a work environment where employees can contribute, thrive, and grow—make them want to come to work. Synovis reinvented its culture around three core values: mutual respect, mutual benefit (noting that "we're all in this boat together"), and no company politics. Synovis employees developed an unprecedented level of mutual trust and understanding—thanks, in part, to our core value system.

Empower Employees. Give employees ownership of and responsibility