Top five reasons employees choose to stay
It’s been a week of very interesting questions at Jouta. We attended the Canadian Glass Association’s seminar this week in Burnaby and asked their apprentices (and then their employers) what they thought the top five reasons were for employees choosing to stay with a company. Their answers were varied and very insightful.
So we put the same question to our friends and connections on LinkedIn and here’s what they had to say (in order of importance).
Feeling Valued and Respected
This is the top reason given by our LinkedIn friends as to why employees choose to stay rather than move on. Employees who feel that they are appreciated and that their work is praised will stay because they feel part of the team and that their contributions matter to the company.
Financial Stability and Satisfaction
I know what you’re thinking, “How could this not be the number one reason!?”. And for many it certainly is. While financial stability and satisfaction can be one of the greatest factors determining our career path (or paths) there’s always the age-old saying of “Money can’t buy happiness”. What are your thoughts on this?
Comfort and attachment
Human beings are creatures of habit and most of us crave comfort (perhaps this reason is also a by-product of the comfortable relationships formed in number four below). According to Human Resources and Skills Development Canada, Canadians last year worked an average of 36hrs/week, which is certainly plenty of time to become attached to your job, your customers/clients, your co-workers and, of course, the office coffee machine! So it makes sense for this one to feature in the top five.
Good leadership and team members
A good leader is directly reflected in their team. Good leadership is therefore a crucial factor in creating a productive and happy team atmosphere. Having a comfortable rapport or friendship with fellow employees and working for a company with a clear and strong leadership team makes it easier to love your job.
Fear of change and lack of opportunities
Almost everyone has faced uncertainty in recent times, and opportunities have sometimes seemed scarce, making it feel more difficult (or risky) to pursue a career change. Someone who is satisfied or only slightly dissatisfied with their current job might think twice before changing their career and leaving job stability behind.
Finally…this sixth one was so close to making the top five that we felt is deserved a mention:
Satisfaction and confidence in your role and responsibilities
Employees who feel they are good at what they do and know how to do it right will use that as an anchor for staying with the role in which they have experience and responsibilities.
In our HR consulting experience we come across many reasons why people say or go, but what are your top five reasons? Check back next week when we let you in on the REAL top reasons (according to official research) why employees choose to stay and see how close you were.