|
 |
| |
|
| |
|
Help keep your operation pointed in the right direction with business planning support from RBC.
|
| |
|
Suppose you operate a farm enterprise and have one or two employees whose skill, experience and attitude make them essential to your operation.
|
| |
|
What could encourage these ace employees to remain with your business? Alfons Weersink’s advice: why not ask them?
|
| |
|
“Try to find out what makes those people tick,” says Weersink, Economics Professor at Ontario Agricultural College at the University of Guelph. “Learn what’s important to them and reward them in that way.”
|
| |
|
A higher salary won’t hurt, but Weersink believes many employees want something different, both today and tomorrow.
|
| |
|
“There could be aspects of doing the job that they like, and other things they like less,” says Weersink. “Could you assign them more of what they like and less of what they don’t?”
|
| |
|
As for the future, it’s good for the employer to understand what the employee is aiming for at work and in life. If they want to own a farm business one day, that could help you too. If you don’t have family members in line for ownership, bringing one or more employees on board can put the farm’s future on a more solid footing.
|
| |
|
Ultimately, rewarding employees on their own terms begins with a heart-to-heart conversation.
|
| |
|
“Let them know that their efforts are appreciated,” Weersink says. “Ask them where they see themselves in five years. This relationship-building can be time well spent, because everyone likes to feel understood and appreciated.”
|
| |
|
|
|
| |
| |
|
Looking for ideas your farm can use? We’re here to help.
|
| |
|
|
| |
|
| |
*This article is intended as general information only and is not to be relied upon as constituting legal, financial or other professional advice. A professional advisor should be consulted regarding your specific situation. Information presented is believed to be factual and up-to-date but we do not guarantee its accuracy and it should not be regarded as a complete analysis of the subjects discussed. All expressions of opinion reflect the judgment of the authors as of the date of publication and are subject to change. No endorsement of any third parties or their advice, opinions, information, products or services is expressly given or implied by Royal Bank of Canada or any of its affiliates.
®/™Trademark(s) of Royal Bank of Canada. RBC and Royal Bank are registered trademarks of Royal Bank of Canada.
RBC Royal Bank | Royal Bank of Canada l RBC Waterpark Place, 88 Queens Quay West, 12th Floor, Toronto, ON, M5J 0B8, Canada | www.rbcroyalbank.com
|
|
| |
|
| | |
