What used to be referred to as good management practices is now called ‘employee engagement’ but no matter you call it, it’s about more than the numbers on the paycheck. If you want to keep people, a good paycheck is only part of the reason people stay. It’s the non-financial benefits that relate to their work environment that may produce the more important result for your employees.
To enhance employee commitment, focus on the total work experience, not just direct deposit.
Factors that impact loyalty can include:
Being treated with respect
Work – Life balance
The kind of work that people do
The quality of co-workers
The quality of leadership
Base pay
Providing a good service to others
Career potential
Flexible working arrangements
Benefits
Learning and development opportunities
