deepstash
Beta
Things That Make Employees Stay
Interesting Projects
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.
46 SAVES
This is a professional note extracted from an online article.
Read more efficiently
Save what inspires you
Remember anything
IDEA EXTRACTED FROM:
5
Key Ideas
Paying Employees Exceedingly Well
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.
Interesting Projects
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.
Career Progression
- Providing a clear career path with regular opportunities to grow and develop, makes the employees commit themselves more to the organization.
- Organizations that are constantly hiring talent from outside (as opposed to developing internal talent) are leaving doors open for existing employees to leave.
Respect and Recognition
- Respecting employees, and recognizing their good work goes a long way in retaining them.
- Employees that are rewarded, respected and recognized develop job satisfaction in their organization.
- Subtle things including a kind action or an appreciation also form a positive mindset in the employee.
Inertia
Employees often keep working in organizations that they are unhappy with. Reasons include financial pressure, like student loans or a mortgage.
SIMILAR ARTICLES & IDEAS:
5
Key Ideas
Setting employee expectations
Setting clear employee expectations can benefit your business. Management must co...
Employer/Employee expectations
Employee expectations to maintain:
- Displaying a positive and respectful attitude
- Working with honesty and integrity
- Performing their work to a reasonable standard
Employees expectations;
- Proper training, support and leadership from management and access to resources
- Timely and accurate payment of wages
- Safe working environments
- Explanation of responsibilities, company policies and procedures
- Regular feedback from supervisors or managers.
Team expectations
Team expectations refer to the behaviors that occur while working together on tasks.
- Respect and courtesy to everyone.
- Be accountable for your work.
- Be reasonably flexible about task assignments.
- Be willing to lend a helping hand.
- Ask for help when needed.
- Work safely together.
- Be open to constructive feedback.
- Be self-motivated and reliable.
- Share ideas for improvement.
- Be cheerful, positive and encouraging to other team members.
2 more ideas
3
Key Ideas
Disengaged Employees
Engagement at work is a sign of employee motivation and resulting productivity. Unfortunately, only about 13% of people globally are engaged at work, and disengaged employees cost the economy $5...
What Not To Do
- Do not make assumptions about a disengaged employee's performance. While statistically, such employees do underperform, there can be other reasons too.
- Do not force an employee to be someone they are not. Everyone cannot be happy and optimistic all the time.
- Do not get emotional, and stick to a transactional, formal, work-focused style. Do not expect to win their hearts or influence them by appealing to their emotions.
- Do not assign employees tasks beyond their area of expertise.
Approaching Disengaged Employees
- Use extrinsic motivating factors such as incentives and rewards to get productivity from a disengaged employee.
- Understand what drives them, connect with them, gaining their trust and respect without being emotional, and focus on what they value.
- Respect an employee's personal space and their need to distance their problems from their work.
Ultimately, it is what an employee delivers that matters most, and a manager has to focus on figuring out how to get the work done.
8
Key Ideas
“The biggest risk is not taking any risk. In a world that is changing really quickly, the only strategy that is gu..."
Mark Zuckerberg, CEO of Facebook
Skills Needed In Digital Leaders
- Work together, complement each other, and function as a team.
- Able to operate on and enable environments that are more dynamic, team-centric, and connected.
- Lead and build teams and partner with the broader ecosystems, keep people connected and engaged, and drive a culture of innovation, learning, and continuous improvement.
- Lead a workforce that includes contractors, the contingent workforce, and crowd talent.
- Understand how different business functions, industries, and technologies come together to form solutions.
- Comfortable and competent with risk-taking.
Demographics And Leadership Destiny
Millennials expect to be developed via opportunities, mentoring, and stretch assignments. However that is hard to come by in top-heavy companies.
Most millennials think their roles provide little development while most companies report they have excellent or adequate programs for Millennials.
5 more ideas