5 Reasons Why Employees Stay

Earlier in 2010, the Conference Board surveyed 5,000 U.S. households and found that only 45 percent of those surveyed say they’re satisfied with their jobs. It notes that this number is down from 61.1 percent in 1987.

According to Lynn Franco, director of the Consumer Research Center of The Conference Board, “[w]hile one in 10 Americans is now unemployed, their working compatriots of all ages and incomes continue to grow increasingly unhappy.”

John Gibbons, program director of employee engagement research and services at The Conference Board, believes that challenging and meaningful work is important to engaging workers and that “[w]idespread job dissatisfaction negatively affects employee behavior and retention, which can impact enterprise-level success.”

These findings offer valid concerns and serve as a wake-up call to organizations of employee discontent and why they ultimately leave.

Ok, so we know why employees leave. But, why do they stay?

I’m sure there are lots of good reasons, but I like what the editors of Harvard Business Review’s Answer Exchange (a forum to ask questions, get answers, and engage with other business professionals) say about why employees stay.

5 REASONS WHY EMPLOYEES STAY:

  1. Pride in the organization. People want to work for well-managed companies.
  2. Compatible supervisor. People may stay just to work for a particular individual who is supportive of them.
  3. Compensation. People want to work for companies that offer fair compensation, including competitive wages and benefits as well as opportunities to learn and achieve.
  4. Affiliation. People want to continue working with colleagues they respect and like.
  5. Meaningful work. People want to work for companies that let them do work that appeals to their deepest, most passionate interests.

References

Originally posted on HBR Answer Exchange (now defunct); Adapted from the book Harvard Business Essentials: Guide to Hiring and Keeping the Best People, Harvard Business Press

I Can’t Get No…Job Satisfaction, That Is: America’s Unhappy Workers. Research Report #1459-09-RR. The Conference Board.

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