From the course: Meeting the Needs of Employees and Driving Business Results
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Value drives retention
From the course: Meeting the Needs of Employees and Driving Business Results
Value drives retention
- Grab a piece of paper and a pen or open up your guidebook. I'm going to ask you a question, and I'd like you to write your answers down. If you've ever spent more than five years at the same company, what kept you there? Feel free to pause the video here to finish your answers. (soft music) So what's on your list? Mutually rewarding relationships, feeling appreciated, contributing in a meaningful way, great pay, promotion opportunities? Work-life harmony is on mine. Now, what do all these responses have in common? That's right. They provide tangible and intangible value. When employees feel valued, they report a higher intent to stay with their companies. Value drives retention. In one of the stories from our research, an individual shared how being publicly rewarded for a job well done made her feel she could achieve greater levels of success at her company. It helped her feel her work mattered and increased her loyalty. She stayed for 15 years, continued to advance and received…
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