Employee Retention is a Dirty Word
What has always fascinated me is the subject of LOYALTY (to your employer) and Job SECURITY.
These notions are almost alien to me…
Having met a lot of people on my life’s journey (after serving with over 24 employers) I have realised that many employers are as desperate for Loyalty as much as employees are for Security.
This off course can be easily justified by the fact that high turnover leads to instability and threatens the business’ ability to properly function, and as much as I agree with this statement I also strongly believe that employers should strive to replace or add to their staff, people who are a sure (short) thing, the ones that cannot sit still for too long, those restless souls we like to call unemployable (I belong in this category)
What they don’t realise is how much value an individual like that can bring to their business, people like this are an incredible source for innovation and improvement of processes etc…
These individuals have been around the block, they have most likely worked for your competitor, they have seen what works and what doesn’t, they can show you what you need to do to get ahead of the pack and what you’re doing wrong. They can help to guide your business into the future and win.
And to those holding on to that job for dear life; the longer you stay, the more likely you are to miss out on learning new skills, and will work yourself out of a viable future career prospects, you are literally putting all your eggs in one basket! not with your money, but with your life!
There’s no guarantee that your employer’s business will thrive for the next 10, 20 or 50 years. Do you want to be a 57 year old, who has worked for the same employer since you were 17. Who wants to hire someone like that? NOBODY!
Now, I’m not encouraging you to start hopping from one job to another (like me), but plan your career, like you would with your budget. 5-7 yrs here, then maybe 3 there. Skill up, Experience more…
What do you think?