94% of employees would stay longer if companies invested in their growth.
But it’s more than just a salary increase. ⇣⇣⇣
Employees need to be:
1. Paid Well.
→ A $1 per hour pay increase can boost retention by 2.8%.
Feeling valued for your work through competitive pay is key.
2. Mentored.
→ With mentorship, staff turnover can drop by 49%.
It's about being supported, not just directed.
3. Promoted.
→ Seeing a future within the company matters,
↳ making employees 20% more likely to stay.
4. Challenged.
→ Tasks that provoke thought and innovation
↳ tie employees closer to their company's mission.
5. Involved.
→ Engagement isn't just a buzzword.
It's a retention strategy with a proven track record.
6. Appreciated.
→ A simple 'thank you' can make 63% of employees less likely to leave. Recognition fuels retention.
7. Heard.
→ Employees who feel heard are 4.6 times more likely to excel.
Listening leads to loyalty.
8. Valued.
→ 40% feel isolated at work,
↳leading to low engagement and commitment.
Feeling valued at work is fundamental.
9. Developed.
→ Employees see training and development as key to job satisfaction.
Continuous growth fosters commitment.
10. Trusted.
→ Trust isn't just about security.
It's about satisfaction and sticking around.
Trust leads to higher job satisfaction.
11. Empowered.
→ An engaged employee is 87% less likely to leave.
Empowerment equals retention.
12. Supported.
→ Employees who feel supported by managers are 2.6 times more engaged.
Supportive leadership enhances commitment.
Employers:
Retention is more than a metric.
It reflects your company's culture.
Employees:
It's perfectly fine to move on from jobs that no longer fulfil you.
It's important to be happy where you work.
How does your company invest in its employees,
↳ and how does that impact your job satisfaction?
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