• Ep760 | 5 Staff Retention Strategies That Work

  • Nov 5 2024
  • Length: 31 mins
  • Podcast

Ep760 | 5 Staff Retention Strategies That Work

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  • Summary

  • In this episode, Dr. Danny discusses essential strategies for retaining staff in service-based businesses, particularly in physical therapy clinics. He emphasizes that growing a business depends on both people and space, with the right team being crucial for delivering high-quality service. Dr. Danny shares six key retention strategies:

    1. Stable Pay – Consistent compensation fosters financial security and reduces turnover.
    2. Positive Culture – Building a supportive, enjoyable work environment where employees feel connected.
    3. Business Growth – Engaging employees in growth can boost motivation, though excessive change can be overwhelming.
    4. Title Changes – Providing titles like “Clinic Director” can increase employee pride and future career opportunities.
    5. Profit Sharing & Equity – Profit-sharing can incentivize loyalty, while equity should be reserved for dedicated, long-term partners.

    • Join our 5-Day Challenge at physicaltherapybiz.com/challenge

    • Apply at physicaltherapybiz.com/apply

    • Leave a 5-star review on iTunes if you enjoy the podcast!

    • Encourage a friend to do the same!

    • Join our free PT Entrepreneur Facebook Group at facebook.com/groups/ptentrepreneur
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