One of the key challenges for family business owners around the world is recruitment, retention and motivation of staff and here we have an article that highlights a number of things that can be done to retain key individuals.

Having worked with and seen numerous family businesses over the years, it is clearly evident that successful family firms already embrace many of these characteristics.  There are challenges though and family business owners need to work with key employees to ensure that they do feel valued, respected and have a key role in the business too.

Honest and open communication is often one of the key tools to help make this happen.