Culture – important factor for Employee Retention?

Culture – am important factor for employee retention and a major trigger for Resignations
(Some Views culled from recent London Economist)

In today’s work environment,
employees  look at their jobs through different lenses.

Especially the younger generations, place  a lot of emphasis on opportunities for growth, training and up-skilling.

A generous paycheck is often insufficient to ensure employee retention, though an impending recession may change this, to some extent.

The values, reputation, culture and social responsibility quotient of the Company also matter a lot.

Culture eats strategy for breakfast, runs the famous aphorism.

It also projectile vomits employees who don’t fit in and align to its values and priorities.

In a survey conducted earlier this year by Flexjobs, an employment site, culture was the most common reason people gave for quitting.

The study revealed clearly that culture matters a lot more than high compensation and perquisites per se.

Studies show that employees rate the following factors as more important than the size of the pay check.

–  Respectfulness and dignity
–   Work-life balance
–   Hybrid and Flexi working
–   Meaningful & Satisfying Work
–   Personal Growth
–   Trust, Transparency & Fairness
–   General Morale in the Company

Please add to the above list in the comments section