4 Things That Keep Employees Loyal (Hint: It’s Not Money Or Perks): The opportunity to do great work. A decent, non-toxic manager. Decent people. Remember them?
August 2, 2013 1 Comment
4 Things That Keep Employees Loyal (Hint: It’s Not Money Or Perks)
LES MCKEOWN, INC. AUG. 1, 2013, 11:52 AM 3,287 2
You can ditch the esoteric interview questions; skip the outlandish benefits and uber-hip working conditions; and forget building an awesome brand. When it comes to hiring– and more importantly, keeping– great employees, not even paying well above market compensation guarantees success. In a recent survey of companies with the highest amount of employee turnover, guess which trailblazing exemplars of world-class employee-centricity came in second and fourth, respectively? None other than Google and Amazon. All of which just goes to show, as the Beatles once said, money can’t buy you love. If resource-rich employers like Wynn Resorts and Berkshire Hathaway Inc. (#6 and #18 on the list of companies with the least loyal employees) can’t build loyalty in their workforce, what chance does the average, resource-constrained, small- and medium-sized business have? Well, the truth is, quite a lot. Despite the fact that most small business founder/owners feel that they are in a David and Goliath-like battle for talent with mega-employers, the reality is that great employees are all looking for an environment that any business, large or small can provide. Here are the four key ways to ensure that, so long as you’re paying at or near market compensation, your employees will remain engaged and loyal, irrespective of the size of your business: Read more of this post