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A short-term fix for making employees stay is to pay the employees well. This is not a long-term strategy, as having people in a company for purely financial reasons wouldn't be a good idea. But if employees aren't paid well, great performers will find it hard to stay.
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Employees often keep working in organizations that they are unhappy with. Reasons include financial pressure, like student loans or a mortgage.
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Providing interesting or a variety of projects keeps talented employees on board.
Innovative projects eventually reduce the need for old software/old processes that are normally active for decades as no one is capable or interested in providing a more efficient way to work.
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IDEAS CURATED BY
"If you want to build a ship, don’t drum up the men to gather wood, divide the work and give orders. Instead, teach them to yearn for the vast and endless sea." - The little Prince
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Reframing the way we think about money and making financial decisions can lead to long-term gains in life satisfaction. Just having money doesn’t necessarily mean greater happiness, but using it well can.
It’s much easier for employees to weather emergency pay cuts if you’ve set them up to be financially stable. Small-business owners need to prepare thorough financial well-being programs.
If you don’t have a plan in place that helps take care of your employees and their fin...
A good early retirement investing strategy should be simple, focused on stocks, bonds, and real estate, and be executed consistently.
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