The Conference Board. Ok, so we know why employees leave. But, why do they stay? People want to work for well-managed companies. Compatible supervisor. People may stay just to work for a particular individual who is supportive of them. People want to work for companies that offer fair compensation, including competitive wages and benefits as well as opportunities to learn and achieve. Trying to squeeze a square peg into a round hole makes both the employee and the company miserable.
When a person is hired to do what they do best every day, they are successful, they grow, and they feel immensely satisfied. One of the best compliments you can give someone is to value their opinions and seek their input, especially in their areas of strength.
The best managers regularly ask their employees for their feedback and ideas and take their thinking into consideration. They also create an environment in which people know they are invited to voice their opinions even when they are not asked — without fear of negative consequences. When this is done consistently over time, coworkers begin to work together in the same way, asking advice and giving unsolicited, but valuable, input.
Highly engaged employees tend to report that they feel they have a stake in the game and a strong sense of purpose. With a sense of purpose, hard work is still hard. Talented people want to work with other talented people. It is also said that 7s and 8s want to be surrounded by 5s and 6s because it makes them feel superior. When an organization holds out for top talent, they create momentum. When you surround a talented person with a team of other smart and talented people, the organization thrives, people learn and grow, and everyone enjoys an environment of excellence.
Transparency is often considered the foundation of creating a culture of engagement. Without it, it's hard to imagine being able to build sincere trust amongst the employees, teams, or departments. It can be a tricky switch to flip for a leader who often feels as though increasing transparency will open a can of worms.
Over time with regular practice and sharing of information, it easily becomes the norm, and trust rises dramatically. People need to know what to expect each day at work. From the beginning of time, science has shown that human beings are tribalistic in nature. We band together as a group for a sense of safety and belonging. The modern-day tribe is the company, and it's critical that employees feel as though they are safe, and they belong.
Companies create a sense of belonging by scheduling team activities that are of interest, asking for employee referrals, and creating buddy programs. They only grow in relation to another human being — typically their manager. For a manager , having good relationships with their people is paramount! They need to understand what motivates them, where they see themselves in years, and how they would like their manager to interact with them.
Creating both Growth Guides and User Guides is a great way to strengthen relationships with employees. How does your company culture compare to this list? Is it time to up your culture by improving on this list? Learn more about how improving your company's culture could significantly improve your company's performance, revenue, and success. It's a win-win for both the organization and the employees. When you treat them personally, your workers will connect with your company emotionally, which will increase their engagement and boost their performance toward achieving your vision.
When the granddad of one of my uncle's employees was paralyzed, my uncle covered the medical bills. So last year, when my uncle's exporting company was on the brink of collapse, the employee worked for almost six months for free. This is what happens when you treat your employees from a personal level.
They become your family, not your staff. And they'll stay with you for better or for worse. Richard Maize. Thomas Smale. Subhasree Kar. Skip to content Profile Avatar. Subscribe to Entrepreneur.
Magazine Subscriptions. By Tahir Mohammad August 31, Opinions expressed by Entrepreneur contributors are their own.
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