Finding and keeping the right people on the bus is the key to any successful business. Employees are at the core of what makes company’s successful and retaining your best employees are key. What then influences an employee to stay with a company. Here’s a list of some of the top reasons employees stay:
My favorite on this list is paid well. You’ll note that it doesn’t say that they’re paid a lot of money. There has been a lot of research out there that at a certain point, salary provides a diminishing return on how influential it is in someone’s desire to work for a company. Once you reach a certain salary, then other factors become more important.
The ones that I think matter most are appreciated and valued. It’s shocking how many people come to me looking for a new job because they feel that their company doesn’t appreciate and value them. In many cases they even enjoy the work and the mission of the company, but they don’t feel like their work is appreciated by their boss. From a boss perspective, I get how showing appreciation for your employees is hard, but it’s essential if you want to retain them.
Which of these factors stands out to you? Are there any factors that are missing from the list above?