In any
company
, managers and leaders always have a concern about
employee
retention. an
employee
stays in the same role or job for many reasons, I agree that the most important reason to continue working is money.
This
essay will explain
further
.
Job satisfaction is the main responsibility of the Human Resource department in any industry and business and a lack of
this
area will end up when an
employee
leaves the
company
.
hence
, the
employee
can be happy and satisfied with
work
for many reasons,
for instance
, financial income, reward program, career development and benefits, we can say that there can be some career goals which compel people to stay in the
work
market and even make them stay
work
late hours. Professionals don't leave their jobs so that they can get more and more
work
experience and be awarded promotions and certain desired positions in long run. Even women are
also
in
this
race and not ready to compromise their careers on the family because they
also
have the motives of getting managerial positions.
Besides
this
, the masses
work
to get job benefits,
for instance
, insurance and free vacations with family to Europe and other fascinating destinations.
In addition
to
this
, on 2017 Hilti
company
hired an external agent to make a survey for their
employees
about major issues that affect performance as well as how much they believe in long service in the
company
, the results were surprising 90% of the
employees
are searching for another opportunity outside due to money,
hence
,
this
made the management to take serious actions,
for example
, salary review and set the salary benchmark against market standards.
moreover
, many researchers have done about
employee
satisfaction through recruiter agencies and institutes found out that 70% of
employees
can be productive at
work
when they are well paid and their income is enough to cover their daily expenses.
In conclusion, money is a very important factor for
employees
to be productive and stay in the
company
,
hence
companies should take serious actions for
this
reason,
such
as yearly review of the salary and ensure
employees
are well paid by adding a bonus system for a productive
employee
or achieving the targets or else the
company
will face serious issues on
employee
retention as well as,
company
performance.