Posted by Dave Lorenzo - Business Coach

Carnival of Career Intensity – Post Three

Peter Kua presents There is only ONE reason an employee stays posted at RadicalHop.com.

Many companies think they can hang on to talented employees by paying them generously, well above market rate. Wrong! Maybe a fresh grad might habitually job hop, going after pay increment after pay increment. But fresh graduates usually don’t become the best workers simply because of their deficiency in industry experience.

We are talking about employees with many years of know-how under their belt. As a leader, you need to know what drives them to stay on with you:

1. YOU
2. Competitive salary
3. Health benefits
4. Piece of the pie (equity, stock options, profit sharing, etc)

You are, by far, the most important reason why employees stay on for many years to come. It may come as a surprise you are more significant than money. But it’s true. A high-paying job is nothing if the manager is crappy. Employees need challenges. They need time off too. They need motivation. Your staff needs you to shield them from company politics and bullies. They need to feel your company is a GPTW (great place to work). Breadwinners need someone to talk to, and somebody to look up to. They need a good leader in you.

Easy? No. But it’s something money can’t buy.

Filed under: Carnival
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