• Cost of hiring
• Cost of onboarding and training
• Cost of learning and development
• Cost of time with unfilled role

A few questions to ask yourself to check whether you’re on the right track or not:

• Have you had conversation with your employees about their long-term personal goals? 
• Do you give a capable person a shot or do you hire someone with more experience?
• When people need to acquire new skills to advance their careers, what does your company do to help them? 

Growth is fundamental to human happiness; the hedonic treadmill was built into all of us, and humans constantly seek growth and change.

The craving for growth is especially visible for the younger generation that is coming to dominate the workforce. Younger workers are more easily able to prioritize things like personal growth and career opportunity over income and job security

Feeling cared for and recognized addresses another basic human requirement; the need for human relationships and for others to acknowledge to us that we matter to them.

You need to build a culture where people respect and appreciate each other.

Impact applies at two levels; the impact your company is having on the world, and the impact an individual is having on your company.

People want to know that what their company is working on matters. Articulating a clear and purposeful company mission is important not just because it help people prioritize their work, but because it helps them keep going through hard times and know they’re part of something that matters.