deepstash

Beta

Get an account to save ideas & make your own & organize them how you wish.

STASHES TO GET YOU STARTED

© Brainstash, Inc

deepstash

Beta

Things That Make Employees Stay

Inertia

Employees often keep working in organizations that they are unhappy with. Reasons include financial pressure, like student loans or a mortgage.

56 SAVES


This is a professional note extracted from an online article.

Read more efficiently

Save what inspires you

Remember anything

IDEA EXTRACTED FROM:

Things That Make Employees Stay

Things That Make Employees Stay

https://medium.com/@themarkwalker/things-that-make-employees-stay-30ea8a820068

medium.com

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:

Setting employee expectations

A recent study reveals that almost half of all U.S. employees are unsure of what's expected of them.

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

“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

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.