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Keeping your valued employees....
Hi Duane!
You've got some interesting questions! > 1) How would you stop your top employees > from taking your idea/ideas and building a > business of their own to compete with > you?... > 2) How would you get them to work for YOU as > employees for the rest of their lives, > without ever thinking of leaving? > 3) Now here's the kicker, how do you do it > without the Use of Contracts? and Have them > be very happy to do it? I would turn the questions around.... What would it take so that I wouldn't leave a business and compete? I think for me, it would take: 1. A good work environment - one where I was respected and my input was appreciated 2. Good pay, and 3. Some kind of stock option or stock ownership plan - I'd like to be a part-owner of the business (even if my stake was small).... I think it's impossible to stop everyone from necessarily leaving, but I think you could probably do quite a lot to keep your talent.... :) > If you could please answer these questions > and then I'll post my reply to your original > post. That's what I think, just off the cuff.... I'd love to hear what else you have to share! :) - Dien Rice |
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