Don’t Let Them Walk


GOLDEN BUSINESS IDEAS

After a company has invested in training them, many employees leave for better-paying jobs. In some respects, employers create the problem when they place more emphasis on hiring candidates based on their skills rather than on their history of loyalty. A history of frequent job-switching is likely to be a pattern for the future.

Don’t be lulled into thinking that talented workers will stay just because of a pay increase, reasonable opportunities for advancement and a good work environment. All a competitor has to do is raise the stakes and many employees will quickly switch loyalties.

What does it take to develop real loyalty in employees? Make them feel more like owners by letting them share in the profits. It’s important to give employees a sense that they’re sharing in their contributions to the business.

SPONSORED REPORT

Implementing a global statutory reporting maturity model

Assess your organization's capabilities and progress toward an ideal state of global statutory reporting. Sponsored by Workiva.

100th ANNIVERSARY

Black CPA Centennial, 1921–2021

With 2021 marking the 100th anniversary of the first Black licensed CPA in the United States, a yearlong campaign kicked off to recognize the nation’s Black CPAs and encourage greater progress in diversity, inclusion, and equity in the CPA profession.