We recently started working with a great local employer. During the open enrollment, I had the chance to chat with several of the employees, and I was struck by the number of employees who have worked there for more than 20 years. In fact, I’ve never met an employer with such a disproportionate number of 20+ year employees. I asked a few of them why they stayed so long. The answers were simple, but telling. Here’s what I heard:
- “They are really good to us here.”
- “The president is a great guy.”
- “The pay is good.”
- “I like my job.”
- “I really believe in what we’re doing here. I think it matters.”
- “I like the people I work with.”
- “The benefits here are great.”
Probably the most common thing I heard was that the employees had a lot of paid vacation time. Turns out the company that already had a great paid time off policy had just enhanced it…for those employees with more than 20 years of service. I thought that was pretty cool.
We’ve all probably read countless articles about the reasons employees stay with an employer, and many of those have common themes: great culture, great leadership, feeling appreciated, meaningful work, and yes, a comprehensive benefits and compensation package that incorporates a sufficient amount of paid time off. All of these themes were represented in this handful of comments. I suspect if one of the major themes was missing, retention would not be as strong, but this employer clearly has it figured out.
If you’d like to talk about employee retention strategies or other related topics, give us a call at (866) 724-0008 or click the link below.