STRATEGIES FOR INCREASING LOYALTY AND SATISFACTION

 

TREAT PEOPLE WELL. Studies have shown that people increase their productivity as well as satisfaction when they are treated well.

LOYALTY GENERATORS

  • "They crave recognition." Give it to them whenever deserved.
  • Give people opportunitiy to learn new skills; cross-functional transfers.
  • Show respect for individuals as well as for their desire for personal lives. Show care for them as people.
  • Give opportunity for speaking up, expressing opinions on work and the work environment - and listen!
  • Do "upward evaluations" and "360 evaluations."
  • Provide opportunity to do work they feel is making a difference.
  • Ask professionals to draft a 3-5 year plan of where they want to be and what resources they need to get there. (Ask them to think big.) Make an effort to support their plans.
  • Consider flexibility in the partner track (like McKinsey's new policy).
  • Find a way to provide mentoring, even by multiple sources.
  • Encourage people to cross-fertilize and cross-sell their practices. Recognize time spent on this.
  • Build in financial rewards over time to encourage people to stay.
  • Involve families and significant others in social events, community activities, firm communications.
  • Interview laterals two months after they join to get their observations, likes, dislikes and suggestions.
  • Annually survey attorneys and staff for constructive ideas, what needs improvement.
  • Be gracious when people leave, don't burn bridges and welcome alumni back from dot-coms, etc.
  • Encourage people to understand themselves and what's important to them (use instrumented learning, assessment tools) so they will not leave for situations that are not right for them.
  • Give people opportunity for using their talents beyond billable work for clients (self expression, social contribution).
  • Offer treats: have partners wait on associates and staff in some way (serve breakfast, etc.) Employee Appreciation - morale boosting for staff.

PERKS

A few more include:

  • Designate peer advisers for each new hire (Give advisers a bonus for this).
  • Provide an outside "coach" for senior associate development.
  • Think beyond casual dress codes to create a more conducive and appealing work environment for people putting in long hours.
  • Have monthly wine tastings or similar social events in the firm.

    tel: 212 593-1549
    fax: 212 980-7940

    pwhaserot@pdcounsel.com
    www.pdcounsel.com

 

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