Employee Retention

Recruitment and employee compensation are a significant company expenditure and your organization is only as good as your people, so every organization should be concerned with keeping their hard earned hires.

At FuturesQuest, our Advisors believe that the secret to employee retention is 'organizational commitment'. The ingredients of this commitment are:

Organizational commitment is gained when an employee sees more benefits to working for your company than any other. A successful company works hard to achieve this. In repeated studies, research shows that employee satisfaction has much greater correlation to morale and job satisfaction than to compensation. In fact, compensation is usually the least important factor related to employee retention. Are you surprised?

Most Important to Employee Retention

• Recognition for merit, work effort, creativity and other contributions
• Career progression/promotion
• A corporate culture which values direct communication and teamwork
• Clear direction, objectives and performance feedback
• Emphasis on employee development through education and training
• An upbeat environment that celebrates successes and encourages having fun
• Managers who direct and coach their employees to be challenged and succeed
• A comfortable physical environment and safe work conditions
• Flexibility in work hours and working remotely
• A 'no tolerance' policy for discrimination or harassment that is enforced
• Emphasis, training and feedback on providing customer satisfaction
• An effective process for addressing employee relations issues
• Perception of fairness in compensation and treatment of all employees

FuturesQuest Advisors can assist you in creating a company that is more rewarding, challenging, and fun to work for than any other in your business. Let us show you how!