How to Make More Money, Retain the Best Employees and Grow Your Business — All at the Same TimeIs it possible to keep your brightest team players from moving on? Yes, if you focus on growth. Here's how to do it sustainably — and with a people-centered focus.

ByAmie Milner

Opinions expressed by Entrepreneur contributors are their own.

The floodgates have opened for talented professionals. Now that theGreat Resignation减轻人们的担心成为“工作障碍物吗pers," high performers are seeking greener pastures. But this doesn't mean that your company can't hold onto your best employees — you just have to win theirloyalty.

One of the best ways to do this is to focus on your corporategrowth. How does growing your business, brand and revenue help you reduce turnover? According toCeridian's "2022 Pulse of Talent" report, 30% of active job seekers say they are looking for new roles due to a lack of growth opportunities at their current jobs. Almost 20% say it's because their work doesn't align with their skills.

A lot of workers want their skill sets to be identified, molded and honed. They want to be immersed in a company that sees them as part of the solution todayandtomorrow. By scaling your business, you can satisfy all these employee desires. As you grow, you'll have more money to invest in training, more positions and roles to offer talented workers and more chances to create a culture that makes people want to stick around for the long term.

Of course, growth won't happen overnight. It won't happen by accident, either. To increase your corporate profits and provide team members with the opportunities and encouragement they're craving, you'll need to make intentional changes. Here are three steps to get you started.

Related:Employers Shouldn't Fear The Great Resignation. They Should Learn From It.

1. Empower top talent to think like entrepreneurs

As a founder, you know what it's like to be an entrepreneur. You've had to innovate, facilitate and advocate for yourself and your business to get where you are. Do your other team members have the same experiences? Only 16% of adults in the U.S. could be considered entrepreneurs, according toBabson College research. However, your employees (and company) could benefit from adopting anentrepreneurial mindset.

To drive growth and simultaneously reward top achievers, ask key players to help you overcome obstacles and problems standing in the way of growth. Empower them to devise creative solutions. You might even want to authorize them to take steps forward without asking, such as by building a product prototype or working with marketing to attract untapped audiences. Google, for example, encourages employees tospend 20% of their timeon what they think would most benefit the company.

Just make sure you offer a soft landing for any ventures that don't pan out. Giving your employees permission to experiment and then pulling away the safety net when they don't succeed isn't fair. When workers feel like they can flex their entrepreneurial mindset, they tend to be more adaptable, more innovative and less stressed. Plus, they'll be more apt to go the extra mile for your company, which can prompt faster growth.

Related:10 Actionable Employee-Retention Strategies for 2022

2. Paint a clear vision of what's down the road and around the bend

To maintain your best team members and propel your company toward growth, you have to展示你的团队要去哪里. Never assume that workers have read your annual business plans or that they can somehow read your mind. Employees won't know your chosen direction until you tell them.

This puts the onus on you and the rest of your leadership team to lay out company goals for employees. You'll need to go one step further, though. In addition to describing your plan, illustrate how every person can contribute to it. Be as specific as possible so your teams can see where they fit in.

When people feel valued, they'll think twice before leaving. They might also feel more energized because of their sense of belonging. Throughout 2021,Gallup noted员工敬业度的下降。提供企业s roadmap can help stimulate the mental excitement your employees might be missing. At the same time, your purpose-driven team members will be more likely to want your business to grow — and to contribute to that growth.

Related:How to Engage Employees Through Your Company Vision Statement

3. Promote from within when possible

When your business promotes from within and is on a growth trajectory,talented employees know it. They realize that they might just be months away from landing their next role or fulfilling their career path dreams. As such, they'll be less likely to reach out to recruiters.

Although business growth might open up promotion opportunities, you'll also want toreimaginehow every employee can contribute to your company's success and scalability. For example, you could reconfigure a role to utilize someone's unique skill set. Case in point: You could pay your best cold caller more and also put them in charge of training other sales team members.

Promoting internally and moving people around creates closer connections in your workforce. Employees will get to know each other and form bonds. Just be certain that you're coaching everyone appropriately and educating your managers on how to mentor their strongest team members. Acase study by Togetherfound that employees who took part in a company mentorship program were almost 50% less likely to leave the organization.

Sometimes, business growth means bringing on new talent. That's understandable. Just be sure that you focus onretainingas many high performers as possible. If you don't provide top talent with the career and development opportunities they're looking for, then you'll find yourself back where you started.

Related:What Employers Should Have Learned From The Great Resignation

Amie Milner

Entrepreneur Leadership Network Contributor

Executive vice president of sales enablement, Abstrakt Marketing Group

Amie Milner is the executive vice president of sales enablement at Abstrakt Marketing Group, a business growth company that provides lead generation solutions.

Editor's Pick

Related Topics

Business News

'Worst Investment Ever': The 'Brady Bunch House' Sells to Real-Estate Enthusiast for $3.2 Million

The famous Studio City, California residence known as "The Brady Bunch" house recently changed hands from television network HGTV to California resident Tina Trahan.

Business News

Amazon Is Boosting Pay for Contracted Delivery Drivers—Starting as Soon as Next Month

The company is raising the average hourly rate for delivery drivers to $20.50 by mid-October.

Business News

'People Have Died Where You Are': Influencer Slammed for Photoshoot in 'Prohibited' Deadly Cave

El Tancón cave is located in Santiago del Teide in Tenerife, Spain.

Business News

Steve Jobs's Son Is Diving Into Venture Capital — and His Focus Hits Close to Home

Reed Jobs, 31, launched venture capital firm Yosemite, which already boasts $200 million from investors and institutions.

Money & Finance

Want to Become a Millionaire? Follow Warren Buffett's 4 Rules.

Too many entrepreneurs are counting too heavily on a company exit for their eventual 'win.' Do this instead.