How to retain your best employees on a limited budget
We all yearn for a higher purpose in our lives. We have all either done it ourselves or heard stories of others turning down offers of higher pay to join or remain with organizations that they believe would provide more meaningful work, with a more meaningful team.
How many of us have heard stories of friends or co-workers leaving tight-knit focused teams for the higher pay or benefits of government, big business or utilities, only to wish they had stayed put? Or even more common, how many of us know people in good paying jobs like these who are literally counting the days until they retire?
The research is overwhelming that beyond a certain threshold of earnings, a sense of purpose and a sense of belonging are far more important to people than anything else. Whether you are the leader of a larger organization or a small team, bringing to life a purpose or mission that makes people feel their job is important is your ace in the hole against the draw of the soul crushing jobs that we all know are out there constantly tempting the best members of our teams with fancy benefits.
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Very well directed. A sense of purpose and belonging can definitely be encouraging to stay in a lower paying position. When “lower paying” becomes less than a Living Wage though, it is tough for most people to stay working somewhere that pays so low, you literally have to choose between buying a new pack of tube socks, or food to eat for the rest of the week. Until voters value this type of work so they make social service jobs a priority with their candidates at election time, the elected officials will continue to keep the pay at minimum wage, or a dollar above as a fake pat on the head. The minimum who can afford to stay though, won’t be affected by this issue.
Hi Sammy, You are absolutely right that people must be able to make ends meet before the can make the choice to stay in a lower paying job over a higher paying one. I don’t hold out much hope for big budgets for our field anytime soon. As you know, the challenge is to make sure we keep those we can by using one of our great strengths; the strong purpose behind what we do in this field.
This article must have been written just for me! Thank you. I would love to have your sheet for measuring the goals the team has agreed upon.
I will send you the goal sheet separately by email Sylvia.